Deere Hits All-Time High as Q3 Profit Jumps 18% and Cash Flow Guidance Raised
DE sits 60% above its 52-week low of $433.
Summary
Deere shares closed at an all-time high after Q3 results showed equipment operations operating profit up 18% to $1.8 billion, with net income of $1.4 billion ($5.10 EPS) on revenue of $12.6 billion. The company raised full-year net income guidance to $4.75–$5.00 billion and lifted equipment operations cash flow forecast to $5.0–$5.5 billion. See & Spray adoption is accelerating: factory-installed sprayer orders doubled year over year, one-third of 2027 North American sprayer orders include the technology, and users report herbicide cost cuts exceeding 50%. This follows the August 20 earnings beat and the UAW contract rejection on August 24, adding a positive technology adoption narrative to the strong financials.
At the time of this announcement, DE was trading at $693.76 on NYSE in the Manufacturing sector, with a market capitalization of approximately $187.1B. The 52-week trading range was $433.00 to $705.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.