Deere & Company stock trades near its yearly high

Deere & Company (ISIN US2441991054) stood at USD 709.48 on the NYSE at 4:00 p.m. ET on September 23, 2026, 1.61 percent below its 52-week high of USD 721.11. The company entered that valuation backdrop after raising its fiscal 2026 net income guidance to USD 4.75 billion to USD 5.00 billion, according to The Globe and Mail.

Revenue rises 5 percent

Deere reported USD 12.608 billion in net sales and revenue in fiscal Q3 2026, up 5 percent from the prior-year quarter. Equipment Operations net sales reached USD 10.999 billion, an increase of 6 percent, while net income attributable to Deere rose 7 percent to USD 1.379 billion, according to The Globe and Mail.

Diluted earnings per share increased to USD 5.10 from USD 4.75 in the prior-year period. The combination of higher revenue and a 7 percent net income gain gives the stock a stronger earnings base than the previous year, although the valuation remains close to the yearly peak.

Guidance starts at USD 4.75 billion

For fiscal 2026, Deere lifted the lower end of its net income outlook from USD 4.50 billion to USD 4.75 billion while keeping the upper end at USD 5.00 billion. The updated range is still below the USD 5.027 billion reported for fiscal 2025, according to The Globe and Mail.

The segment outlook is uneven. Deere expects Production and Precision Agriculture sales to decline 10 percent, while Small Agriculture and Turf sales are projected to rise 15 percent and Construction and Forestry sales 20 percent. That split makes the mix of equipment demand more important than the headline revenue growth alone.

Stock stays near its yearly high

Deere stock stood at USD 709.48 on the NYSE at 4:00 p.m. ET on September 23, 2026. Its 52-week range was USD 433 to USD 721.11, placing the quote 1.61 percent below the upper end.

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