DE Deere & Company (DE) Q3 FY26 earnings call
Deere delivered a strong Q3 FY26, driven by robust operational execution, favorable price realization, and improved inventory health across its diversified portfolio. Despite dynamic market conditions, including softer demand in South America and Europe for large ag, the company raised its full-year net income and cash flow outlook, underscoring the resilience of its operating model and strategic investments in technology. Early order programs show encouraging technology adoption, reinforcing the view that 2026 represents the bottom of the ag equipment cycle.
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DE operating KPIs by quarter
| KPI | Feb 2025 Q1 FY25 | Aug 2025 Q3 FY25 | Nov 2025 Q4 FY25 | Feb 2026 Q1 FY26 | May 2026 Q2 FY26 | This call Jul 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Engaged acres | 455M+On engaged acres, maybe just to talk about the numbers, we're over 455 million globally year-over-year, that's up about 15%.Source: earnings call transcript | 485M+That's contributing to overall engaged acre growth, where we've now surpassed 485 million acres across the globe, 30% of which are highly engaged.Source: earnings call transcript | 500M+The John Deere operations center now covers over 500 million engaged acres, a 10% increase from last year.Source: earnings call transcript | 500MMaybe stepping back to, as we think about just overall tech adoption and our conversations around are recovering acres with more dear technology, our engaged acres stepped up again this quarter or 500 million engaged acres.Source: earnings call transcript | — | 520M+We now have more than 520 million engaged acres across nearly 1.2 million connected machines.Source: earnings call transcript | — |
| Monthly active digital users | — | — | — | — | <440KAdditionally, the quantity of monthly active digital users continues to grow, now reaching nearly 440,000.Source: earnings call transcript | 450K+Today, more than 450,000 unique active monthly digital users are engaging with our tools, reinforcing the growing importance of data-driven decisions across the farm.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.