Companies that make farming machines — tractors, harvesters and other equipment that farmers use to plant and gather crops.
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Agricultural & Farm Machinery▲
AGCO's Massey Ferguson Partners with International Tractors on Value Compact Tractor Range
AGCO announced that its Massey Ferguson brand has entered a supply partnership with International Tractors Limited to introduce a value-focused compact tractor range starting from 20 hp, with a phased rollout across Europe and the Middle East beginning in 2027. The collaboration broadens Massey Ferguson's reach into more cost-sensitive customer segments while drawing on International Tractors Limited's manufacturing base to support an expanded product lineup. The company said any financial impact is likely modest near term given the 2027 rollout and limited current price reaction, though the deal slightly rebalances the story toward mix and reach at a time when margins and leverage are the bigger swing factors. Four fair value estimates from the Simply Wall St Community span roughly US$100 to about US$157 per share, underscoring how far apart opinions can be. AGCO's shares might still be trading 27% above their fair value despite retreating.
AGCO · Demand · Positive Massey Ferguson entered a supply partnership with International Tractors to launch a value compact tractor range, broadening reach into cost-sensitive segments.
International Tractors Limited · Demand · Positive International Tractors Limited will supply its manufacturing base for the new Massey Ferguson value compact tractor range.
CNH Industrial to Roll Out EPA Emissions Software Update
CNH Industrial plans to roll out new software updates for its equipment to meet updated U.S. EPA emissions guidelines. The forthcoming updates are designed to refine emissions-system management and limit unplanned equipment shutdowns for operators, while giving customers more flexibility in how emissions controls interact with day-to-day machine use. The company develops and sells agricultural and construction machinery across North America, Europe, the Middle East, Africa, South America, and the Asia Pacific, so the emissions-related software changes feed directly into how its global equipment fleet operates in field conditions. The emissions software is only one part of CNH Industrial's broader push into grid-related equipment, a space in which many other listed manufacturers are also exposed. The key checkpoint now is how CNH frames the rollout at upcoming touchpoints, especially the September 2026 Morgan Stanley Laguna Conference and future earnings updates, with attention on adoption of the new software, take-up of Electronic Service Tool subscriptions, and any commentary on attaching service or digital offerings to these updates.
CNH · Regulation · Positive CNH Industrial is rolling out EPA-compliant emissions software updates to meet updated U.S. EPA guidelines, directly addressing a regulatory requirement for its equipment.
Titan International to Sell Italtractor ITM to USCO for Up to $285 Million
Titan International has entered into a definitive agreement to sell its Italtractor ITM undercarriage business to USCO S.p.A. for up to approximately $285 million in total cash value. The transaction includes an initial purchase price of $207 million, up to $6 million in performance earnout proceeds, an estimated $23 million in net asset closing adjustments, and $49 million in dividends. Titan International plans to apply part of the proceeds toward debt reduction while maintaining capital flexibility for prospective acquisitions and strategic partnerships. Shares of the agricultural and farm machinery company jumped 6.1% in the afternoon session on the news and closed the day at $7.37, up 5.2% from the previous close.
TWI · Capital · Positive Titan International agreed to sell Italtractor ITM for up to ~$285M and will use proceeds for debt reduction and strategic flexibility.
Italtractor ITM S.p.A. · Capital · Positive Italtractor ITM is the business being sold to USCO for up to ~$285M, a divestiture event for the unit.
USCO S.p.A. · Capital · Positive USCO S.p.A. is the acquirer of Italtractor ITM in the definitive agreement.
Zacks Adds AGCO, Aegon and Boston Scientific to Strong Sell List
Zacks Investment Research added AGCO Corporation, Aegon Ltd. and Boston Scientific Corporation to its Zacks Rank #5 Strong Sell List on September 21st. AGCO, an agricultural equipment manufacturer, saw its Zacks Consensus Estimate for current-year earnings revised 9.3% downward over the last 60 days. Aegon, an insurance, pensions and asset management services company, had its current-year earnings estimate revised 10.1% downward over the same period. Boston Scientific, a medical devices company, saw its current-year earnings estimate revised 2.1% downward over the last 60 days.
CNH to Roll Out Emissions-System Software Updates Starting Q4 2026
CNH announced it will begin releasing software updates in the fourth quarter of 2026 to align with updated U.S. Environmental Protection Agency guidance on emissions-system fault inducement timing. The updates give customers more time to plan and complete repairs before certain engine derates are triggered, helping reduce avoidable downtime during critical operating periods. The initial rollout will prioritize high-horsepower agricultural equipment, with additional product families added throughout 2027. Customers with a CNH Electronic Service Tool subscription will be able to perform the update themselves, while dealers can also support installation remotely or on site. Scott Harris, President North America at CNH, said customers need solutions that help them stay productive, especially during seasonally critical windows.
CNH · Regulation · Positive CNH will roll out software updates aligned with updated EPA emissions-fault guidance, giving customers more repair time and reducing downtime.
Zacks Adds AGCO, Boston Scientific, Bath & Body Works to Strong Sell List
Zacks Investment Research added three stocks to its Zacks Rank #5 (Strong Sell) List on September 16th. AGCO Corporation, an agricultural equipment manufacturer, saw its Zacks Consensus Estimate for current year earnings revised 8.1% downward over the last 60 days. Boston Scientific Corporation, a medical devices company, had its current year earnings estimate revised 1.8% downward over the same period. Bath & Body Works, Inc., a specialty retailer of home fragrance, body care, soaps and sanitizers, saw its current year earnings estimate revised 11.6% downward over the last 60 days.
Deere Leads Q2 Agricultural Machinery Earnings as Six Stocks Report Mixed Results
Deere reported revenues of $12.61 billion, up 4.9% year on year, exceeding analysts' expectations by 1.4% on a strong quarter that included a beat of analysts' EPS estimates. Among the 6 agricultural machinery stocks tracked, group revenues came in line with analysts' consensus estimates while next quarter's revenue guidance was 6.3% below, and share prices have held steady, up 1.3% on average since the latest earnings results. Alamo reported revenues of $450.7 million, up 7.6% year on year, outperforming analysts' expectations by 3% and delivering the biggest analyst estimate beat of the whole group. AGCO reported revenues of $2.61 billion, flat year on year, falling short of analysts' expectations by 4.9% and posting the weakest full-year guidance update among its peers. The Toro Company reported revenues of $1.23 billion, up 8.4% year on year, beating analysts' expectations by 3% and scoring the fastest revenue growth in the group, while Titan International reported revenues of $484.8 million, up 5.2% year on year, surpassing analysts' expectations by 1% and delivering the highest full-year guidance raise among its peers.
AGCO · Capital · Negative AGCO revenues flat year on year and missed estimates by 4.9%, with the weakest full-year guidance among peers.
ALG · Capital · Positive Alamo revenues rose 7.6% year on year, beating estimates by 3%, the biggest beat in the group.
DE · Capital · Positive Deere revenues rose 4.9% year on year, beating revenue and EPS estimates.
TTC · Capital · Positive Toro revenues rose 8.4% year on year, beating estimates by 3% with the fastest growth in the group.
TWI · Capital · Positive Titan International revenues rose 5.2% year on year, beating estimates and posting the highest full-year guidance raise among peers.
Deere Stock Hits All-Time High on Strong Earnings and Analyst Optimism
Deere & Co. shares surged to a record high above $700 this week, climbing 10% since last Friday's close after the company reported a strong fiscal third-quarter and raised the low end of its full-year net income guidance by $250 million. CEO John May stated that 2026 is expected to mark the bottom of the current agricultural equipment cycle, and Baird analyst Mircea Dobre believes this signals the start of a recovery, setting a price target of $800 per share, implying about 15% upside. Despite challenges from fluctuating tariffs and refunds, Deere remains confident due to its diversified product groups and advanced technology offerings.
Toro Q3 Sales Rise 8.4% as Residential Gains Offset Professional Margin Dip
The Toro Company reported fiscal third-quarter 2026 net sales of $1.226 billion, up 8.4% year over year, with adjusted operating earnings margin expanding to 13.9% from 13.6%. Professional segment sales grew 8.8% to $1.013 billion, but its earnings margin slipped to 20.9% from 21.3%, while Residential sales rose 8.6% to $209.3 million and its margin jumped to 5.9% from 1.9%. The company raised its full-year net-sales growth guidance to 6.3% to 6.6%, up from the prior 4.0% to 6.5% range. Although Residential earnings improved sharply to $12.4 million from $3.7 million, Professional remains the dominant driver, accounting for about 83% of quarterly sales and roughly 94.5% of combined segment earnings, so its margin compression remains a key watchpoint.
The Toro Company reported fiscal third-quarter net sales of $1.23 billion, up 8.4% year-over-year, with adjusted EPS of $1.33, and raised its full-year adjusted EPS guidance to $4.60-$4.65. Both the professional and residential segments posted over 8% sales growth, with residential margins improving 400 basis points to 5.9%. The company generated $425 million in free cash flow and repurchased $358 million in shares. Management highlighted the AMP initiative's progress toward its $125 million savings target and strong demand for new products, while noting a $43 million impairment charge and a higher-than-expected tax rate of 22.4% as headwinds.
The Toro Company raised its full-year fiscal 2026 guidance, now expecting net sales growth of 6.3% to 6.6% and adjusted earnings per share between $4.60 and $4.65, up from prior ranges of 4% to 6.5% and $4.50 to $4.62, respectively. In the third quarter, net sales increased 8.4% to $1.23 billion, with adjusted EPS of $1.33. Adjusted operating margin was 13.9%, up 30 basis points year-over-year. The company's adjusted earnings exclude a noncash impairment charge of $43 million as part of its AMP-related network optimization and product portfolio rationalization. CFO Angela Drake noted that AMP will exceed its target of $125 million in run-rate savings by year-end and has helped mitigate tariff impacts. CEO Richard Olson expressed confidence in the company's future under President and COO Edric Funk, who is set to lead the company.
TTC · Capital · Positive Toro raised fiscal 2026 guidance to $4.60-$4.65 adjusted EPS and 6.3%-6.6% sales growth after Q3 sales rose 8.4% to $1.23B with 13.9% adjusted operating margin.
Toro Company reported third-quarter fiscal 2026 net sales growth of 8.4% to $1.23 billion, with adjusted earnings per share of $1.33 and adjusted operating margin improving to 13.9%. The company raised its full-year sales growth outlook to 6.3%–6.6% and adjusted EPS to $4.60–$4.65, citing broad-based demand across professional and residential segments. Toro's AMP productivity program is expected to exceed its $125 million run-rate savings target, and year-to-date free cash flow reached $425 million, supporting $358 million in share repurchases. Management highlighted sustained demand for underground construction, golf technology, and select equipment products, while noting that residential sales are expected to be roughly flat for the full year.
Toro reported quarterly earnings of $1.33 per share, surpassing the Zacks Consensus Estimate of $1.30, and up from $1.24 a year ago. Revenue for the quarter ended July 2026 came in at $1.23 billion, beating estimates by 3.05% and rising from $1.13 billion in the prior year. The company has exceeded consensus EPS estimates in each of the last four quarters. Toro shares have gained about 26% year-to-date, outperforming the S&P 500's 12% rise. Looking ahead, the current consensus EPS estimate for the coming quarter is $0.97 on $1.12 billion in revenue, and for the full fiscal year it is $4.60 on $4.77 billion in revenue.
The Toro Company will report its second-quarter earnings on Thursday before market open, with analysts expecting revenue to grow 5.2% year over year, a reversal from the 2.2% decline in the same quarter last year. In the previous quarter, Toro beat revenue expectations with $1.42 billion, up 8.1% year on year, and also exceeded EPS estimates while maintaining full-year guidance. Analysts have generally reaffirmed their estimates over the past month, though Toro has missed revenue estimates multiple times in the last two years. Among peers in the agricultural machinery segment, Alamo reported a 7.6% revenue increase, beating estimates by 3%, and Deere saw revenues up 4.9%, topping expectations by 1.4%. Toro shares have risen 2.9% over the past month, outperforming the group's average decline of 6.6%, and carry an average analyst price target of $109.25 against a current price of $97.98.
In premarket trading, Chevron and other energy stocks rose as U.S. oil prices climbed more than 3% following U.S.-Iran strikes in the Middle East, with Halliburton up over 2.5% and Chevron up 2%. PG&E plunged 16% after California lawmakers blocked a proposal to limit wildfire liability, prompting downgrades from analysts including Mizuho. GameStop jumped 4% after reporting preliminary second-quarter results, expecting higher operating and net income despite lower net sales. Aon slipped 1.8% after announcing a $17 billion deal to buy USI Insurance Services from KKR. Pinterest fell over 3% as CFO Julia Brau Donnelly departs, with Vikram Naidu as interim replacement. Deere rose 1% on a Baird upgrade.
ST Xingnong's 2026 interim net loss widens to 78.68 million yuan
ST Xingnong (603789.SH) released its 2026 interim report, showing total operating revenue of 198 million yuan and a net loss attributable to the parent of 78.68 million yuan, a year-on-year increase in losses of 37.75 million yuan. Net cash flow from operating activities was negative 6.07 million yuan. The company's asset-liability ratio rose to 84.79%, gross margin fell to 14.47%, return on equity was negative 135.53%, and diluted earnings per share was negative 0.29 yuan. The number of shareholders stood at 11,900, with the top ten shareholders holding 54.07% of total share capital.
Xinyan Co. reports H1 2026 net profit of RMB 26.24 million, turning from loss to profit year-on-year
Xinyan Co. released its 2026 interim report, showing total operating revenue of RMB 201 million, up 52.25% year-on-year, and net profit attributable to the parent of RMB 26.24 million, an increase of RMB 195 million compared with the same period last year, achieving a turnaround from loss to profit. Net cash flow from operating activities was negative RMB 177 million, the asset-liability ratio was 16.72%, gross margin was 10.54%, and diluted earnings per share was RMB 0.01. The company had 49,100 shareholders, and the top ten shareholders held 44.25% of total share capital.
The Toro Company is likely to post a year-over-year increase in its top and bottom lines when it reports third-quarter fiscal 2026 results on Sept. 3, before market open. The Zacks Consensus Estimate for quarterly earnings is pegged at $1.30 per share, indicating an increase of 4.8% from the prior-year number, while revenues are expected at $1.2 billion, up 5.2% year over year. The company's results are expected to benefit from its AMP productivity program, strength across its Toro, Exmark and Ventrac brands, and expansion in underground construction and golf autonomous solutions. However, headwinds include higher material and fuel costs, tariff expenses, inflation, and cautious consumer confidence. The Zacks model does not conclusively predict an earnings beat, as Toro has an Earnings ESP of 0.00% and a Zacks Rank of 3. The stock trades at a forward P/E of 20.29X, above the industry average of 19.57X.
Deere's Q3 Profit Rises 7% on Construction and Turf Strength
Deere & Company reported third-quarter fiscal 2026 net income of $1.379 billion, up 7% year over year, with diluted EPS rising to $5.10 from $4.75, driven by its Construction and Forestry and Small Ag and Turf segments even as its largest division, Production and Precision Agriculture, saw sales decline. Construction and Forestry net sales rose 18% to $3.618 billion with operating margin jumping to 12.1%, while Small Ag and Turf net sales grew 12% to $3.383 billion with margin expanding to 18.4%. In contrast, Production and Precision Agriculture net sales fell 6% to $3.998 billion, and management now expects full-year sales for that segment to be down roughly 10%. Deere raised its full-year net income guidance to $4.75 billion to $5.00 billion and booked $382 million in tariff refunds so far this fiscal year, though it still expects about $1.1 billion in direct tariff expense. The company also highlighted strong technology adoption, with See & Spray expected to nearly double and the John Deere Operations Center tracking 520 million engaged acres.
Deere Q2 Beats Estimates; Analysts Probe Pricing and Tariffs
Deere & Company reported second-quarter results that beat analyst expectations, with revenue of $12.61 billion versus estimates of $12.43 billion and adjusted EPS of $5.10 versus $4.68, representing a 9% beat. The company's operating margin improved to 15.3% from 13% in the same quarter last year. During the earnings call, analysts from Truist, JPMorgan, Oppenheimer, Raymond James, and Morgan Stanley questioned management on early order program pricing, tariff impacts, inventory build, technology mix, and right-to-repair implications. CFO Christopher Seibert noted that lower tariff expense resulted from policy changes, but next year will see higher direct tariff costs as refunds decline. President Deanna Kovar said early order program results are up mid-single digits year over year, and retail activity is on pace with expectations. The stock rose to $637.27 from $580.63 just before the earnings release.
Deere Raises Fiscal 2026 Net Income Forecast to $4.75-$5 Billion
Deere & Company raised the lower end of its fiscal 2026 net income forecast to $4.75-$5 billion from the earlier $4.5-$5 billion, reflecting strong third-quarter results. Net sales from equipment operations were $11 billion, up 6.2% year over year, with Construction and Forestry net sales rising 18% to $3.62 billion and operating profit surging 84% to $436 million. The company expects Construction and Forestry sales to increase 20% in fiscal 2026, with operating earnings of 10.5-11.5%, up 9% from fiscal 2025. Deere continues to view 2026 as the bottom of the current agriculture equipment cycle, citing early order program trends, improving used-equipment inventories, and increased adoption of advanced technologies.
Deere Raises Fiscal 2026 Net Income Guidance to $4.75–$5.00 Billion
Deere & Company raised its fiscal 2026 net income guidance to a range of US$4.75 billion to US$5.00 billion after reporting fiscal third-quarter results. The company posted sales of US$10,999 million, revenue of US$12,608 million, net income of US$1,379 million, and diluted EPS of US$5.10. The improved outlook was supported by 14.4% equipment operating margins and strong growth in construction and forestry, which helped offset softness in large agricultural equipment demand. The company noted that tariff costs and ongoing weakness in high horsepower equipment remain key risks.
ScanSource, Advance Auto Parts, Deere, Nordson report quarterly results
ScanSource shares surged 9.7% after the company reported fourth-quarter 2026 earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.11 per share. Advance Auto Parts shares plunged 24.6% after the company reported second-quarter 2026 revenues of $2 billion, missing the Zacks Consensus Estimate by 1.66%. Deere & Company shares rose 6.9% after the company reported third-quarter 2026 earnings of $5.1 per share, beating the Zacks Consensus Estimate of $4.79 per share. Nordson Corporation shares rose 8% after the company reported third-quarter 2026 earnings of $3.25 per share, beating the Zacks Consensus Estimate of $3.09 per share.
Deere Q2 Results Beat Estimates on Construction Strength
Deere reported second-quarter fiscal 2026 results that topped market revenue expectations, with sales up 4.9% year on year to $12.61 billion. Its non-GAAP profit of $5.10 per share was 9% above analysts' consensus estimates. Management attributed the outperformance to strong operational execution, disciplined cost control, and steady demand in construction and turf, while agriculture end markets faced mixed conditions. The company recognized over $110 million in tariff refunds in the quarter, which contributed to improved segment profitability, though direct tariff expenses are expected to rise next year. Deere's construction and forestry segment saw robust order books extending into next year, and adoption of precision agriculture technologies such as See & Spray nearly doubled, with over 40% of North American planters ordered now including advanced offerings.
Deere Stock Jumps 6.8% on Strong Q3 Results and Raised Guidance
Deere shares jumped 6.8% after the company reported fiscal third-quarter results that topped expectations and raised its full-year guidance. Net income rose 7% year-over-year to $1.38 billion, or $5.10 per share, while sales increased 5% to $12.61 billion, both clearing Wall Street expectations of $4.71 per share on $12.43 billion in revenue. The Construction and Forestry segment posted an 18% surge in revenue, benefiting from the AI boom as data center build-outs drive strong demand for heavy earthmoving equipment. Management raised full-year 2026 net income guidance to a range of $4.75 billion to $5.00 billion. The shares closed at $626.38, up 7.9% from the previous close.
Deere raises lower end of full-year profit outlook
Deere, the major U.S. agricultural machinery maker, on the 20th raised the lower end of its full-year net income outlook. Third-quarter results for May through July showed profit rose for the first time in three years, helped by an artificial intelligence-related construction boom and tariff refunds. The latest full-year net income outlook is 4.75 billion to 5 billion dollars, with the lower end raised from the previous 4.5 billion to 5 billion dollars. Third-quarter earnings per share were 5.10 dollars, up from 4.75 dollars a year earlier and above market expectations of 4.70 dollars. Revenue rose 6 percent from a year earlier to 11 billion dollars, exceeding market forecasts of 10.73 billion dollars. Quarterly net sales in the construction and forestry segment increased 18 percent from a year earlier, while the main production and precision agriculture segment fell 6 percent. The company booked 110 million dollars in tariff refunds during the third quarter.
Deere Raises Fiscal 2026 Outlook on Strong Q3 Margins
Deere & Co reported third-quarter net sales and revenues up 5% to $12,608 million, with equipment operations net sales up 6% to $10,999 million and an operating margin of 14.4%. Net income was $1,379 million, or $5.10 per diluted share. The company raised its fiscal 2026 net income outlook to a range of $4.75 billion to $5 billion and improved cash flow expectations to $5 billion to $5.5 billion from equipment operations. Construction & Forestry net sales rose 18% to $3,618 million, while Production & Precision Ag net sales fell 6% to $3,998 million. Direct tariff expenses are expected to be approximately $1.1 billion for fiscal 2026, with a net tariff headwind of about $750 million after refunds.
Deere raises FY2026 net income outlook to $4.75B-$5.00B
Deere & Company raised its fiscal 2026 net income outlook to a range of $4.75 billion to $5.00 billion while improving its equipment operations cash flow outlook to $5 billion to $5.5 billion. The company reported third-quarter net sales and revenues up 5% to $12.608 billion, with net income attributable to Deere of $1.379 billion, or $5.10 per diluted share. Management cited a strong fourth quarter order book across all segments and said early order programs for model year 2027 showed mid-single-digit improvement versus the prior year. Deere now expects direct tariff expense of approximately $1.1 billion for the fiscal year, excluding IEEPA refunds, and has recognized $382 million in refunds to date with no further refund activity assumed. Segment guidance was tightened, with Production & Precision Ag net sales now expected down approximately 10% for the year, Small Ag & Turf up approximately 15%, and Construction & Forestry up approximately 20%.
Walmart, Moderna, Advance Auto Parts lead midday stock movers
Several companies made notable moves in midday trading, led by Walmart, which tumbled 9% after its same-store sales grew 2.6%, short of the 3.5% expected by analysts polled by FactSet, and its earnings per share guidance for the fiscal third quarter and full year fell short of expectations. Deere jumped almost 9% after its fiscal third quarter trounced estimates, earning $5.10 per share on revenue of $11 billion versus LSEG consensus of $4.70 per share and $10.73 billion, and it lifted the lower end of its full-year net income guidance to $4.75 billion to $5 billion. Moderna plunged 25% one day after soaring 177% on promising late-stage trial results for a skin cancer vaccine developed with Merck. Advance Auto Parts slid 25% after posting revenue of $2 billion, short of the $2.04 billion expected by analysts polled by LSEG, and a same-store sales decline of 0.5% against an estimated gain of 1.4%. CrowdStrike dropped 4% after Axios reported that chief technology officer Elia Zaitsev is leaving to start an AI-focused cyber venture fund called Cognition.
Deere & Company reported higher third-quarter revenue and raised its fiscal 2026 outlook, citing operating execution, improving inventory health and continued strength in its construction and small agriculture businesses despite soft conditions in portions of the global farm-equipment market. Net sales and revenues rose 5% from a year earlier to $12.61 billion, while equipment-operations net sales increased 6% to $11.0 billion. Net income attributable to Deere was $1.38 billion, or $5.10 per diluted share, and equipment operations produced a 14.4% operating margin. The company increased its fiscal 2026 net-income forecast to a range of $4.75 billion to $5 billion and lifted its expected equipment-operations cash flow to between $5 billion and $5.5 billion. Segment performance varied, with Production & Precision Ag sales falling 6% to $4.0 billion, Small Ag & Turf sales rising 12% to $3.38 billion, and Construction & Forestry sales growing 18% to $3.62 billion. Deere also lowered its fiscal 2026 direct tariff-expense estimate to about $1.1 billion, though tariffs are expected to become a larger headwind in fiscal 2027.
Deere Q3 revenue rises 6.2% to $11 billion, beating estimates
Deere reported $11 billion in revenue for the quarter ended July 2026, up 6.2% year over year and above the Zacks Consensus Estimate of $10.81 billion. EPS came in at $5.10 versus $4.75 a year ago, beating the consensus estimate of $4.79 by 6.47%. Equipment operations net sales were $11 billion, with agriculture and turf at $7.38 billion and construction and forestry at $3.62 billion, both exceeding analyst projections. Financial services revenues were $1.37 billion, matching estimates, while other revenues of $238 million fell short of the $248.58 million forecast. Shares of Deere have returned negative 4.4% over the past month, compared with a 3.5% gain for the Zacks S&P 500 composite.
Deere Q3 profit rises as construction offsets farm weakness
Deere & Company reported third-quarter net income of $1.379 billion, its first year-over-year profit gain in roughly three years, as construction equipment demand offset weakness in large farm machinery. Earnings were $5.10 per diluted share, up from $4.75 a year earlier, while total net sales and revenues rose 5% to $12.61 billion. The construction and forestry segment drove results with net sales up 18% to $3.62 billion and operating profit up 84% to $436 million, while the small agriculture and turf segment posted a 12% revenue gain to $3.38 billion. Production and precision agriculture, the company's largest segment, saw net sales slip 6% to $3.998 billion and operating profit fall 9% to $527 million on reduced shipment volumes. Deere raised the low end of its full-year net income guidance to $4.75 billion from $4.5 billion, keeping the top end at $5 billion, and affirmed that 2026 represents the bottom of the current agriculture equipment cycle.
Deere jumps on upbeat Q3, Wolfspeed plunges on wider loss
U.S. stock futures were little changed on Thursday as investors assessed a fresh batch of corporate earnings and analyst actions. CrowdStrike shares fell 2.8% in premarket trading after Bloomberg reported that the cybersecurity company's chief technology officer is departing to launch an artificial intelligence-focused cybersecurity fund. Advance Auto Parts stock plunged 15.9% after its second-quarter results revealed a significant difference between headline earnings and underlying performance, with about $0.31 of the reported $1.03 adjusted diluted earnings per share coming from one-time tariff refunds. Deere shares jumped 5.1% after the agricultural and construction equipment maker delivered a stronger-than-expected fiscal third quarter, with diluted earnings per share of $5.10 and net sales of about $11 billion. Etsy gained 3.9% in premarket trading after BofA Securities upgraded the online marketplace to Buy from Neutral and raised its price target to $105 from $88. Ultragenyx surged 11.1% after the U.S. Food and Drug Administration granted accelerated approval to GENGLYCOS, also known as DTX401, a gene therapy for glycogen storage disease type Ia in patients aged eight and older. Moderna shares fell 13% in premarket trading, retreating after more than doubling in the previous session following the company's major cancer-vaccine trial announcement with Merck. Wolfspeed plunged 10.5% after the semiconductor company reported a sharply wider-than-expected fiscal fourth-quarter loss, with an adjusted loss of $2.26 per share and revenue of $149.6 million. Webull rose 13.8% after the digital brokerage reported its strongest quarterly results since going public, with second-quarter revenue of $198.8 million and adjusted earnings of $0.05 per share.
AAP · Capital · Negative Q2 results showed headline EPS inflated by one-time tariff refunds, revealing weak underlying performance.
BULL · Capital · Positive Strongest quarterly results since going public with revenue and adjusted EPS beating expectations.
DE · Capital · Positive Stronger-than-expected fiscal Q3 with EPS of $5.10 and net sales of $11 billion.
ETSY · Capital · Positive Upgraded to Buy from Neutral with price target raised to $105 from $88.
RARE · Regulation · Positive Ultragenyx surged 11.1% after the FDA granted accelerated approval to GENGLYCOS, a gene therapy for glycogen storage disease type Ia.
WOLF · Capital · Negative Wolfspeed plunged 10.5% after reporting a sharply wider-than-expected fiscal fourth-quarter loss, with an adjusted loss of $2.26 per share and revenue of $149.6 million.
Deere beats FQ3 estimates, raises FY2026 net income outlook
Deere reported fiscal third-quarter results that beat top and bottom line estimates and raised its fiscal 2026 net income outlook. The company's earnings snapshot was published on August 20, 2026, alongside related coverage on Seeking Alpha. No specific financial figures were provided in the article body.
Deere Narrows Profit Outlook as Farm Recovery Seen in 2027
Deere & Co. narrowed its annual profit outlook as a stabilizing agriculture sector points to a more pronounced rebound next year for farm machinery. The company estimated net income for the fiscal year between $4.75 billion and $5 billion, compared with its previous outlook for $4.5 billion to $5 billion. Chief Executive Officer John May said 2026 will mark the bottom of the current ag equipment cycle, citing early order program trends, improving used-equipment inventories, and increasing customer adoption of advanced technologies. The outlook follows mixed signals from rivals, with CNH Industrial raising its annual outlook and AGCO trimming its estimates.
Deere beats Q3 estimates, forecasts fiscal 2026 net income of $4.75B to $5B
Deere & Company reported third-quarter GAAP earnings per share of $5.10, beating estimates by $0.40, while revenue rose 4.9% year over year to $12.61 billion, exceeding expectations by $1.87 billion. The company also updated its fiscal 2026 outlook, forecasting net income attributable to Deere & Company in a range of $4.75 billion to $5.00 billion. CEO May said the company continues to believe 2026 will mark the bottom of the current agricultural equipment cycle, citing early order program trends, improving used-equipment inventories, and increasing customer adoption of advanced technologies. For fiscal 2026, Deere expects large agriculture equipment sales in the U.S. and Canada to decline 15 to 20 percent, while small agriculture and turf sales are seen flat to up 5 percent, and construction equipment sales are projected to rise 5 to 10 percent.
Deere & Company is set to report fiscal third-quarter results on August 20, with investors expecting non-GAAP EPS of $4.67 and revenue of $10.74B. Analysts have made 18 downward EPS revisions and only five upward revenue revisions over the past three months, though Deere has beaten EPS and revenue estimates in seven of the past eight quarters. Seeking Alpha analyst Luca Socci said the stock has moved ahead of fundamentals as investors price in an agricultural recovery that has yet to appear in industry data. Recent results from CNH Industrial and AGCO pointed to soft North American demand, margin pressure, and possible pricing aggression, creating risks for Deere’s Production & Precision Agriculture business. In the second quarter, Production & Precision Agriculture sales fell 14% to $4.50B, while Construction & Forestry sales jumped 29% to $3.79B and Small Ag & Turf sales rose 16% to $3.49B. Management maintained fiscal 2026 net income guidance of $4.50B to $5.00B and cut its South American ag outlook to a 15% decline, mainly because of weaker conditions in Brazil.
DE · Demand · Negative Analysts expect cautious Q3 with downward EPS revisions, soft North American demand, and a cut in South American ag outlook due to weaker Brazil conditions.
AGCO · Demand · Negative Soft North American demand and margin pressure in recent results from AGCO create risks for Deere, but AGCO itself is mentioned as a peer with weak results.
CNH · Demand · Negative CNH Industrial's recent results pointed to soft North American demand and margin pressure, indicating a challenging environment for the sector.
ST Xingnong Receives Warnings from Zhejiang Securities Regulatory Bureau and Shanghai Stock Exchange for Inaccurate Disclosures in Three Financial Reports
ST Xingnong has received a warning letter from the Zhejiang Securities Regulatory Bureau and a regulatory warning from the Shanghai Stock Exchange after accounting error corrections in its first-quarter, half-year, and third-quarter reports for 2025 led to inaccurate information disclosures. The company previously changed the revenue recognition method for its structural parts business and project-based business from the gross method to the net method, reducing operating revenue and operating costs in the three periodic reports by 21.56 million yuan, 46.49 million yuan, and 68.18 million yuan respectively. The Zhejiang Securities Regulatory Bureau decided to issue warning letters to the company and its chairman He Dejun, general manager Zheng Bin, and chief financial officer Wu Haijuan, and record the matter in their integrity files. The Shanghai Stock Exchange also issued regulatory warnings to the same parties. The company has reported losses for six consecutive years and expects a net loss attributable to the parent company of 65 million to 95 million yuan in the first half of 2026, with the loss widening year-on-year.
ST Xingnong and Executives Receive Warning Letter from Zhejiang Securities Regulatory Bureau Over Inaccurate Disclosures Due to Revenue Recognition Method Change
ST Xingnong announced that the company and relevant personnel have received an administrative regulatory measures decision letter from the Zhejiang Securities Regulatory Bureau. Because the company changed the revenue recognition method for its structural parts business and project-based business from the gross method to the net method, it reduced first-quarter 2025 revenue and operating costs by 21.5635 million yuan, half-year revenue and operating costs by 46.4888 million yuan, and third-quarter revenue and operating costs by 68.1812 million yuan, resulting in inaccurate information disclosure. The Zhejiang Securities Regulatory Bureau decided to issue warning letters as a supervisory management measure to the company, Chairman He Dejun, General Manager Zheng Bin, and Chief Financial Officer Wu Haijuan, and record this in the securities and futures market integrity archives.
Starlight Agricultural Machinery Receives Warnings from Shanghai Stock Exchange and Zhejiang Securities Regulatory Bureau for Inaccurate Disclosures in Three Financial Reports
Starlight Agricultural Machinery has received a regulatory warning from the Shanghai Stock Exchange and a warning letter from the Zhejiang Securities Regulatory Bureau due to inaccurate information disclosures in its first-quarter, semi-annual, and third-quarter reports for 2025. The company previously changed the revenue recognition method for its structural parts and project-based businesses from the gross method to the net method, resulting in a reduction of both operating revenue and operating costs by 21.5635 million yuan in the first quarter of 2025, by 46.4888 million yuan in the first half, and by 68.1812 million yuan in the first three quarters. The Zhejiang Securities Regulatory Bureau and the Shanghai Stock Exchange determined that the company and the responsible individuals violated information disclosure regulations, and issued warning letters or regulatory warnings to then-chairman He Dejun, general manager Zheng Bin, and chief financial officer Wu Haijuan. The company is still subject to other risk warnings due to false records in its 2023 annual report.
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