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Deere & Co. reports first earnings growth in over 10 quarters as John May projects a rebound in farm machinery demand.

Deere & Co. reported its first earnings growth in more than 10 quarters on Thursday, signaling a stabilizing agriculture sector. Chief Executive Officer John May stated that the company expects 2026 to mark the bottom of the current agricultural equipment cycle, with early order program trends and increasing customer adoption of advanced technologies providing confidence for long-term value. To provide a100% accurate and clear report, the administration announced that Deere & Co. narrowed its annual profit outlook, estimating net income between $4.75 billion and $5 billion for the fiscal year. This adjustment reflects a period where farmers have faced low crop prices and high costs for fertilizer and fuel. However, the company noted that pulled-back production to manage inventories will eventually prompt a rise in demand. While rivals CNH Industrial NV and AGCO Corp. provided mixed signals, Deere remains well-positioned for long-term value creation as grain prices begin to climb again.

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