S&P 5007,675.92▼0.4% Nasdaq26,749.30▼0.7% Dow51,245.74▼0.5% Russell 2K2,826.40▼0.4% 10-Yr5.12%+1bp VIX15.69+0.51 WTI$95.27▲3.4% Gold$4,292.50▼0.6% EUR/USD1.138▼0.6% BTC$84,310▼0.1% Nikkei65,514▲0.8%
At close · Thu, Sep 24, 2026
Daily Market Updates.

Earnings

Home›Earnings›Results›John Deere posts higher revenue on AI-driven construct…

John Deere posts higher revenue on AI-driven construction sales

Construction and forestry sales rose 18% to $3.6 billion, helping offset a 6.4% year over year drop in agriculture revenue as Deere warns volumes could fall 15% to 20% in the US and Canada.

John Deere reported fiscal third-quarter results Thursday, with revenue rising 6.2% year over year to $11.0 billion and income increasing 7.0% to $1.4 billion, both above Wall Street expectations, Yahoo Finance reported.

The company said its construction and forestry business benefited from an AI infrastructure buildout, with construction and forestry sales up 18% year over year to $3.6 billion, while shares rose 6.94% following the release.

Deere also highlighted the outlook for its agriculture division, where sales fell 6.4% year over year in the quarter to $4.0 billion as fewer shipments were booked amid lower farm incomes.

In a full-year industry outlook, Deere forecast US and Canada agriculture equipment volumes will decline 15% to 20% this year, while construction equipment volumes are expected to rise 5% to 10%, and executives said customer backlogs extend well into fiscal year 2027.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.