Deere shares climb as fiscal Q3 earnings and revenue top estimates

Investing.com -- Deere & Co. shares rose over 3% in premarket trading Thursday after the agricultural equipment maker posted a fiscal third-quarter results beat, with revenue and earnings both topping Wall Street estimates.

The company reported third-quarter earnings per share of $5.10, beating the analyst estimate of $4.69. Revenue rose 5% year-over-year to $12.61 billion, well ahead of the $10.81 billion consensus estimate.

"Deere delivered a strong quarter, reflecting disciplined execution by our teams and continued resilience across our portfolio," said CEO John May. "Our performance underscores the strength of our business, supported by stable U.S. market conditions, our ability to manage softer conditions in Brazil and Europe, and our commitment to helping customers succeed."

Looking ahead, Deere narrowed its full-year net income guidance to a range of $4.75 billion to $5.00 billion, from a prior range of $4.5 billion to $5.0 billion, and above the $4.87 billion analyst estimate.

"As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle," May said. "Across our business, early order program trends, improving used-equipment inventories, and increasing customer adoption of our advanced technologies give us confidence that Deere is well positioned for long-term value creation."

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