John Deere reports $1.379 billion third-quarter net profit

Deere & Company reported a net profit of $1.379 billion for the third quarter of fiscal year 2026, an increase from $1.289 billion during the same period the previous year. Global revenues rose by five percent to $12.608 billion.

The company's performance showed a divergence between product segments. While the large machinery and precision agriculture division saw a six percent revenue decline to $3.998 billion and a nine percent drop in operating profit, the compact machinery and lawn/turf care segment experienced significant growth. Revenue for the compact and turf segment increased by twelve percent to $3.383 billion, with operating profit rising by 28 percent to $622 million.

Based on these results, Deere & Company has raised its full-year profit forecast to a range between $4.75 billion and $5.0 billion.