DEERE & CO (DE) Form 8-K — Aug 20, 2026

$DEForm 8-KItems 2.02, 7.01, 9.01Filed Aug 20, 2026, 6:00 AM ET0001104659-26-098904Original filing

Deere & Company reported third quarter fiscal 2026 net income of $1.379 billion, or $5.10 per diluted share, up 7% from $1.289 billion ($4.75) a year earlier, on worldwide net sales and revenues of $12.608 billion, up 5% year over year. Nine-month net income was $3.808 billion ($14.06 per share), down 4% from $3.962 billion ($14.57) in the prior-year period. Management raised fiscal 2026 net income guidance to $4.75-5.00 billion and said order book trends reinforce 2026 as the bottom of the ag equipment cycle, citing early order programs, improving used-equipment inventories, and growing customer adoption of precision technology.

Key figures

Eps: $5.10 diluted Q3; $14.06 nine months
Revenue: $12.608B Q3 net sales and revenues (equipment net sales $10.999B)
Guidance: FY2026 net income $4.75-5.00B (improved); equipment operations operating cash flow $5.0-5.5B; effective tax rate 24-26%; Financial Services net income ~$870M
Net Income: $1.379B Q3 (up 7% YoY); $3.808B nine months (down 4% YoY)
Total Debt: Long-term borrowings $40.626B; short-term borrowings $17.115B; short-term securitization borrowings $6.095B
Revenue Yoy: +5% Q3; +7% nine months ($35.589B)
Total Assets: $107.607B
Cash Position: $8.928B cash and cash equivalents at August 2, 2026
Cf q3: net sales $3,618M (+18%); operating profit $436M (+84%); margin 12.1%
Ppa q3: net sales $3,998M (-6%); operating profit $527M (-9%); margin 13.2%
Sat q3: net sales $3,383M (+12%); operating profit $622M (+28%); margin 18.4%
Tariff recoveries: $110M in Q3; $382M first nine months of FY2026
Tenna acquisition: $439M net of cash acquired (February 2026)
Next earnings call: November 25, 2026
Fy26 segment outlook: PPA net sales down ~10%, margin 11-12%; SAT up ~15%, margin 14.5-15.5%; CF up ~20%, margin 10.5-11.5%
Fy26 industry outlook: US/Canada large ag down 15-20%; small ag & turf flat to up 5%; Europe ag flat; South America tractors/combines down 15-20%; US/Canada construction equipment up 5-10%
Average diluted shares q3: 270.7M
Nine month share repurchases: $697M
Dividends declared per share q3: 1.62
Financial services q3 net income: $219M (+7%)

Price after filing

1 day: 0.0%7 days: +5.8%30 days: +16.2%

Close on the filing date to close N calendar days later (from $588.72). Historical, not a forecast.

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