Filing Flows › Deere (DE) › Q3 FY26
Deere (DE) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 27, 2026
Deere (DE) reported revenue of $12.6B for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and -6% from the quarter before. Operating margin was 14.9%, net earnings $1.4B (10.9% of revenue).
Deere, Q3 FY26: revenue $12.6B (+5% year over year), operating margin 14.9%, net earnings $1.4B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.6B | -6% | +5% |
| Operating profit | $1.9B | -18% | +18% |
| Net earnings | $1.4B | -22% | +7% |
| Operating cash flow | $2.2B | +14% | -24% |
| Free cash flow | $1.9B | +12% | -25% |
What changed
Revenue was $12.6B in Q3 FY26, up 5% year over year and down 6% from the previous quarter. Net Sales was the largest line at 87% of revenue. Net Sales added $0.64B year over year (up 6%), 109% of the total change. Finance and Interest Income declined 5%.
Operating profit was $1.9B, a 14.9% margin (up 1.6 points year over year). Of the extra revenue versus Q3 FY25, 48% reached operating profit, above the 13% margin then. Total costs grew 3% against revenue growth of 5%. Net earnings were $1.4B, up 7% year over year. The effective tax rate was 27.8%.
Operating cash flow was $2.2B (down 24% year over year), 160% of net earnings. Non-cash charges added back $0.60B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items added $0.18B. Capital expenditures of $0.27B left free cash flow of $1.9B.
Questions
What was Deere's revenue in the third quarter fiscal 2026?
Deere (DE) reported revenue of $12.6B for the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier and -6% from the quarter before.
Was Deere profitable in the third quarter fiscal 2026?
Operating profit was $1.9B (14.9% of revenue) and net earnings $1.4B.
Source: Deere 10-Q on SEC EDGAR.