The company increased its construction and forestry sales growth projection to approximately 20% for fiscal 2026.
Deere & Company revised its fiscal 2026 net income forecast to a range of $4.5 billion to $5 billion, up from previous guidance. The update follows a strong Q2 2026 performance, with net sales rising 5% year-over-year and equipment operations margins reaching 16.9%.
In the quarter, Deere benefited from a recovery related to refund claims, contributing to the improved outlook. The company also lifted its construction and forestry sales growth projection to approximately 20%, reflecting stronger demand in these segments.
Management highlighted operational efficiency and market resilience as key drivers behind the revised guidance, signaling confidence in sustained growth.