Deere & Company (DE) Earnings: Q3 Fiscal 2026 Results and Next Report Date

The quarter ended August 2, 2026 and Deere published the results on August 20, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Deere's fiscal year ends in late October or early November. Q3 fiscal 2026 ran to August 2, 2026; the year-ago quarter ended July 27, 2025.
• Revenue is Deere's total net sales and revenues, which includes Financial Services revenues and other revenues alongside equipment net sales ($10,999 million). Deere reports no adjusted EPS.
• Q3 fiscal 2026 includes $110 million of tariff recoveries after the U.S. Supreme Court invalidated tariffs imposed under the International Emergency Economic Powers Act.

Source: Deere Q3 fiscal 2026 results (Form 8-K, Exhibit 99.1), August 20, 2026. Also in the Form 10-Q for the quarter ended August 2, 2026. Figures as reported; checked against the release on November 10, 2026.

How Deere splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• Deere's Production & Precision Ag net sales revenue was $4.0 billion in Q3 fiscal 2026, down 6% from $4.3 billion in Q3 fiscal 2025, 32% of total revenue.
• Deere's Small Ag & Turf net sales revenue was $3.4 billion in Q3 fiscal 2026, up 12% from $3.0 billion in Q3 fiscal 2025, 27% of total revenue.
• Deere's Construction & Forestry net sales revenue was $3.6 billion in Q3 fiscal 2026, up 18% from $3.1 billion in Q3 fiscal 2025, 29% of total revenue.
• Deere's Financial Services revenues revenue was $1.4 billion in Q3 fiscal 2026, down 3% from $1.4 billion in Q3 fiscal 2025, 11% of total revenue.
• Deere's Other revenues revenue was $238 million in Q3 fiscal 2026, down 2% from $243 million in Q3 fiscal 2025, 2% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 fiscal 2026 release, Deere said:

“Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of $4.75 billion to $5.00 billion.”

Source: Deere Q3 fiscal 2026 release, Aug 20, 2026.

This is the company's own guidance as of Aug 20, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total net sales and revenues and GAAP diluted EPS, each as first reported in that quarter's release.

Deere's next report is scheduled for November 25, 2026. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Aug 20, 2026

Deere's total net sales and revenues were $12,608 million in Q3 fiscal 2026, up 5%. Equipment net sales were $10,999 million: Production & Precision Ag $3,998 million, Construction & Forestry $3,618 million and Small Ag & Turf $3,383 million. Financial Services added $1,371 million and other revenues $238 million. (Deere Q3 fiscal 2026 release, Aug 20, 2026)

Production & Precision Ag, which serves production-scale growers of large grains, small grains, cotton and sugarcane, saw sales fall 6% on lower shipment volumes, partially offset by favorable price realization and currency. Deere's fiscal 2026 industry outlook has U.S. and Canada large ag down 15 to 20% and South American tractors and combines down 15 to 20%. (Deere Form 10-Q, Q3 fiscal 2026, Aug 27, 2026; Deere Q3 fiscal 2026 release, Aug 20, 2026)

Construction & Forestry sales rose 18% and Small Ag & Turf 12%, both on higher shipment volumes and favorable price realization. Construction & Forestry includes Tenna, a construction technology company Deere bought in February 2026 for $439 million. Construction & Forestry operating profit rose 84% to $436 million. (Deere Q3 fiscal 2026 release, Aug 20, 2026)

Deere recorded $110 million of tariff recoveries in Q3 fiscal 2026 and $382 million in the first nine months, after the Supreme Court invalidated tariffs imposed under the International Emergency Economic Powers Act on February 20, 2026. The recovery was allocated 20%, 25% and 55% to the three equipment segments and reduced cost of sales. Net of recoveries, incremental tariffs cost Deere $502 million in the first nine months. (Deere Form 10-Q, Q3 fiscal 2026, Aug 27, 2026)

Deere reports GAAP EPS only. Diluted EPS was $5.10 in Q3 fiscal 2026, against $4.75, on net income attributable to Deere & Company of $1,379 million, up 7%. Total operating profit rose 18% to $1,856 million, while income taxes rose to $529 million from $339 million. (Deere Q3 fiscal 2026 release, Aug 20, 2026)

Deere's effective tax rate was 28.1%, against 21.2% a year earlier, which the 10-Q put down primarily to unfavorable discrete items. The year-ago quarter also carried a $61 million pretax ($49 million after-tax) impairment charge, mainly on the trade name and customer relationships of external overseas battery operations. (Deere Form 10-Q, Q3 fiscal 2026, Aug 27, 2026; Deere Q3 fiscal 2026 release, Aug 20, 2026)

Diluted average shares were 270.7 million, against 271.4 million. Deere repurchased 333 thousand shares in the quarter and $697 million of common stock in the first nine months of fiscal 2026, against $1,136 million a year earlier. (Deere Q3 fiscal 2026 release, Aug 20, 2026; Deere Form 10-Q, Q3 fiscal 2026, Aug 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Deere's release forecasts full-year net income and gives no EPS figure. With Q3 results it put fiscal 2026 net income attributable to Deere & Company at $4.75 billion to $5.00 billion. Its earnings slides add an effective tax rate of 24-26% and equipment operations net operating cash flow of $5.0-5.5B. (Deere Q3 fiscal 2026 release, Aug 20, 2026; Deere Q3 fiscal 2026 earnings call slides (Exhibit 99.2), Aug 20, 2026)

By segment, Deere expects fiscal 2026 net sales down about 10% for Production & Precision Ag, up about 15% for Small Ag & Turf and up about 20% for Construction & Forestry, and Financial Services net income of about $870 million. Deere's CEO said the company continues to believe 2026 will mark the bottom of the current ag equipment cycle. (Deere Q3 fiscal 2026 release, Aug 20, 2026)

A consensus figure is the average of the models published by the analysts who cover Deere, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Deere's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DE is on is DE a buy or a sell?, what analysts expect next is on the DE forecast, and what the company does is on the Deere & Company (DE) stock page.

Every number on this page can be traced to a document Deere published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.