OpenNashEarnings

Industrials · NYSE: DE

Deere earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends November · next results expected around 25 Nov 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 FY2026

Deere reported third-quarter net income of $1.379 billion, or $5.10 per share, on net sales and revenues of $12.608 billion, and raised full-year net income guidance to $4.75 billion to $5.00 billion.

Deere & Company earned $1.379 billion, or $5.10 per share, in the quarter ended August 2, 2026, up from $1.289 billion a year earlier. Net sales and revenues rose 5% to $12.608 billion. Small Ag & Turf and Construction & Forestry grew and were more profitable, while Production & Precision Agriculture sales fell 6% on lower shipment volumes. Tariff recoveries of $110 million also helped the quarter.

Read the Q3 FY2026 summary →Q3 FY2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$12.6B+4.9% y/yQ3 FY26
Q4 FY24: $11.1B (worked out from the annual figure)Q4 24$11.1BQ1 FY25: $8.5BQ1 25$8.5BQ2 FY25: $12.8BQ2 25$12.8BQ3 FY25: $12.0BQ3 25$12.0BQ4 FY25: $12.4B (worked out from the annual figure)Q4 25$12.4BQ1 FY26: $9.6BQ1 26$9.6BQ2 FY26: $13.4BQ2 26$13.4BQ3 FY26: $12.6BQ3 26$12.6B

Fourth quarter worked out from the annual figure.

Data
Q4 FY24$11.1B *
Q1 FY25$8.5B
Q2 FY25$12.8B
Q3 FY25$12.0B
Q4 FY25$12.4B *
Q1 FY26$9.6B
Q2 FY26$13.4B
Q3 FY26$12.6B
Diluted EPS (GAAP)$5.10+7.4% y/yQ3 FY26
Q1 FY25: $3.19Q1 25$3.19Q2 FY25: $6.64Q2 25$6.64Q3 FY25: $4.75Q3 25$4.75Q1 FY26: $2.42Q1 26$2.42Q2 FY26: $6.55Q2 26$6.55Q3 FY26: $5.10Q3 26$5.10
Data
Q1 FY25$3.19
Q2 FY25$6.64
Q3 FY25$4.75
Q1 FY26$2.42
Q2 FY26$6.55
Q3 FY26$5.10

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Free cash flow$1.9B−25.2% y/yQ3 FY26
Q4 FY24: $4.5BQ4 24$4.5BQ1 FY25: -$1.5BQ1 25-$1.5BQ2 FY25: $1.5BQ2 25$1.5BQ3 FY25: $2.6BQ3 25$2.6BQ4 FY25: $3.5BQ4 25$3.5BQ1 FY26: -$1.1BQ1 26-$1.1BQ2 FY26: $1.7BQ2 26$1.7BQ3 FY26: $1.9BQ3 26$1.9B
Data
Q4 FY24$4.5B
Q1 FY25-$1.5B
Q2 FY25$1.5B
Q3 FY25$2.6B
Q4 FY25$3.5B
Q1 FY26-$1.1B
Q2 FY26$1.7B
Q3 FY26$1.9B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Revenue$11.1Bd$8.5B$12.8B$12.0B$12.4Bd$9.6B$13.4B$12.6B
Net income$1.2Bd$869.0M$1.8B$1.3B$1.1Bd$656.0M$1.8B$1.4B
Diluted EPS—$3.19$6.64$4.75—$2.42$6.55$5.10
Operating cash flow$5.1Bd-$1.1B$1.7Bd$2.9Bd$4.0Bd-$890.0M$1.9Bd$2.2Bd
Capital expenditure$597.0Md$352.0M$203.0Md$297.0Md$508.0Md$256.0M$195.0Md$265.0Md
Free cash flow$4.5B-$1.5B$1.5B$2.6B$3.5B-$1.1B$1.7B$1.9B
R&D expense$626.0Md$526.0M$549.0M$556.0M$680.0Md$554.0M$583.0M$567.0M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings