Key facts
- Deere raised the lower end of its 2026 net income forecast.
- The new forecast range is $4.75 billion to $5 billion.
- The previous forecast range was $4.5 billion to $5 billion.
- The company anticipates improved demand for smaller tractors and construction equipment.
Deere, the world's largest farm equipment manufacturer, has increased the lower end of its full-year net income forecast for 2026. The company now anticipates earnings between $4.75 billion and $5 billion, an upward revision from its prior projection of $4.5 billion to $5 billion. This adjustment is based on expectations of improved demand for its smaller tractors and construction equipment.