Deere & Company (NYSE:DE) posted upbeat fourth-quarter results and issued a worse-than-expected fiscal 2026 outlook on Wednesday.
The heavy machinery maker reported earnings per share of $3.93, beating the consensus of $3.88. It reported an 11% year-over-year (Y/Y) increase in quarterly sales to $12.39 billion, beating the consensus of $9.85 billion.
“This past year brought its share of challenges and uncertainty, but thanks to the structural improvements we’ve made and the diverse customer segments and geographies we serve, we were able to achieve our best results yet for this point in the cycle,” said John May, chairman and CEO of John Deere.
Deere expects fiscal 2026 net income …
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