Orders for bulldozers, excavators and other earth-moving equipment are largely full for the rest of the year. The company also recognized $110 million in tariff refunds during the third quarter.
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Orders for bulldozers, excavators and other earth-moving equipment are largely full for the rest of the year. The company also recognized $110 million in tariff refunds during the third quarter.
Published Aug. 21, 2026
A John Deere excavator moving earth at a jobsite. The company tightened its sales guidance for the rest of the year, driven by strong construction equipment demand for large-scale infrastructure projects like data centers.
Increased spending on data center expansion and road building projects bolstered equipment sales during the second quarter.
Deere is known for tractors and harvesters. But data centers fuel its construction business.
The farm equipment manufacturer still expects about $900 million in net tariff costs for the current fiscal year, executives said.
The equipment maker raised its full-year net income forecast to $4.75 billion–$5 billion after its construction and forestry…
The equipment maker posted $13.37 billion in revenue, topping expectations, while maintaining its full-year profit forecast of…
John Deere beat on the top and bottom lines Thursday but said that the company is taking a large hit from tariffs.
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