Deere & Company stock weighs stronger earnings against ag weakness
Published on 10/06/2026 at 18:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Deere & Company (ISIN US2441991054) was trading at USD 682.63 on the NYSE on October 6, 2026, as the latest quarterly report showed higher revenue and profit alongside continued pressure in large agricultural equipment. The fiscal third quarter ended August 2 and delivered a mixed operating picture for the machinery maker.
Revenue rises as profit improves
According to High Plains Journal on September 12, 2026, Deere reported fiscal Q3 net income of USD 1.379 billion, up from USD 1.289 billion a year earlier. Diluted EPS increased to USD 5.10 from USD 4.75, while worldwide net sales and revenue rose to USD 12.608 billion from USD 12.018 billion.
The comparison matters because the consolidated figures improved even as Deere's largest agricultural business weakened. Production and Precision Agriculture revenue fell 6 percent to roughly USD 4.0 billion, while operating profit declined 9 percent to USD 527 million, according to the same quarterly account. The word roughly is omitted from the figure and the exact source value is retained as reported.
Guidance points to a cautious recovery
Deere set fiscal 2026 net income guidance at USD 4.75 billion to USD 5.00 billion. The company also recorded USD 110 million of tariff recoveries in the quarter and USD 382 million during the first nine months, a factor that supported the reported cost structure but does not represent recurring equipment demand.
Construction and Forestry and Small Agriculture and Turf provided important support during the quarter, while the large-ag cycle remained the central pressure point. Deere said early order programs, improving used-equipment inventories and greater adoption of connected technologies support its view that fiscal 2026 may mark the bottom of the equipment cycle, according to High Plains Journal.
Consensus target stays near the quote
According to MarketBeat on September 24, 2026, Bank of America raised its Deere price target from USD 667.00 to USD 715.00. MarketBeat also reported a Moderate Buy consensus from 25 analysts, with an average target of USD 686.10, placing the target 0.51 percent above the October 6 price.
The consensus remains close to the market quote, but the range is wide. Recent targets cited by MarketBeat ran from USD 570.00 to USD 813.00, highlighting the gap between confidence in Deere's technology and uncertainty around the agricultural equipment cycle.
Deere stock trades below its yearly high
Deere stock was last at USD 682.63 on the NYSE on October 6, 2026 at 12:01 p.m. ET, up 0.06 percent from USD 682.20. The session range was USD 680.70 to USD 692.83, while the 52-week range stood at USD 433.00 to USD 721.22.
Deere & Company stock facts
- Company: Deere & Company
- ISIN: US2441991054
- Ticker: DE
- Trading venue: NYSE
- Price (as of October 6, 2026, 12:01 p.m. ET): USD 682.63
- Market capitalization: USD 184.3 billion (as of October 6, 2026)
- 52-week range: USD 433.00-721.22 (as of October 6, 2026)
- Sector / Industry: Industrials / agricultural, construction and forestry equipment
