Deere & Company (DE) Soars 11.6% on Strong Revenues

We recently published 10 Firms Outperform Wall Street With Surprising Gains. Deere & Company (NYSE:DE) was one of the best performers on Thursday.

Deere & Company ended two straight days of losses on Thursday, surging 11.58 percent to finish at $662 apiece, thanks to a strong revenue performance in the first quarter of fiscal year 2026.

In an updated report, Deere & Company (NYSE:DE) said that it was able to grow its total net sales and revenues during the period by 13 percent to $9.6 billion from $8.5 billion. However, attributable net income remained lower by 25 percent to $656 million from $869 million.

“While the global large agriculture industry continues to experience challenges, we’re encouraged by the ongoing recovery in demand within both the construction and small agriculture segments,” Chairman and CEO John May said.

“These positive developments reinforce our belief that 2026 represents the bottom of the current cycle and provides us with a strong foundation for accelerated growth going forward,” he noted.

For the full fiscal 2026, Deere & Company (NYSE:DE) is targeting an attributable net income of $4.5 billion to $5 billion, lower or flat from the $5.03 billion reported in fiscal year 2025.

Founded in 1837, Deere & Company (NYSE:DE) is a firm engaged in manufacturing agricultural machinery, heavy construction equipment, forestry machines, and lawn care equipment, among others.

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Disclosure: None. This article is originally published at Insider Monkey.