Industrial Giant Does Something It Hadn't In 10 Quarters. Stock Soars.

Deere Q3 2026 earnings: profit rises as construction offsets farm weakness

Deere posted $1.379B Q3 net income—first YoY gain in 3 years—on 84% construction surge; raised full-year guidance to $4.75–5B. Tenna purchase ($439M) and CEO's 'advanced technologies' push signal Deere pivoting to IoT/software margins as farm cycle stabilizes.