Deere Guides FY Net Income to $4.75B-$5B
DE sits 35% above its 52-week low of $433.
Summary
Deere & Co issued full-year net income guidance of $4.75 billion to $5 billion, and has raised the lower end of its 2026 net income forecast range. The company sees FY26 Production & Precision Ag sales down about 10%, Small Ag & Turf sales up about 15%, Construction & Forestry sales up about 20%, and Financial Services net income of about $870 million. This follows Q2 results that beat estimates with EPS of $6.55. The range implies a wide spread, suggesting uncertainty in agricultural equipment demand. Traders will compare this to consensus expectations to gauge whether the outlook is conservative or aggressive.
At the time of this announcement, DE was trading at $583.93 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $156.7B. The 52-week trading range was $433.00 to $674.19. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.