Deere Raises 2026 Profit View Amid AI Boom
Deere raised its full-year net income forecast after posting its first quarterly profit rise in three years. Strong demand for construction equipment driven by data center builds offset soft farm machinery sales.
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DEERE & CO raised its 2026 net income forecast to a range of $4.75 billion to $5 billion on Thursday afternoon, posting its first quarterly profit rise in three years. Total quarterly revenue rose 6% to $11 billion, driven by surging demand for construction equipment. Shares jumped nearly 9% following the announcement.
