Why Is DEERE & CO (DE) Stock Up Today?

DE stock is up 7.33% at $623.17 in today's session, driven by Deere's better-than-expected Q3 2026 earnings report and an upward revision of its 2026 profit outlook. The company reported net income up 7% year-over-year, with strong performance in its Construction and Forestry segment offsetting ongoing weakness in its agricultural business. The stock opened with a 3.3% gap up and has traded as high as $629.60.

What Happened

Deere reported Q3 2026 earnings of $5.10 per share, exceeding the estimated $4.70, with revenue of $12.608 billion beating the estimated $10.73 billion. The Construction and Forestry segment saw standout gains, driven by increased demand linked to AI and construction technology. The company also raised its 2026 profit outlook, citing continued momentum in its technology platform and the construction boom. Deere reaffirmed its view that 2026 represents the bottom of the agricultural cycle, signaling a potential recovery ahead.

The stock's strong premarket and intraday performance reflects investor optimism over the improved guidance and the company's ability to navigate the current agricultural downturn. Deere's improved performance is also being viewed as a new growth engine amid the AI data center boom, which is helping to offset the ongoing slump in its traditional tractor business.

What The Data Shows

The stock opened at $599.73, a 3.3% gap up from the prior close of $580.63, and has traded as high as $629.60 at 10:25 AM ET. Volume is currently at 0.5 million shares, which is 0.4 times the 3-month daily average. The stock has moved from a 52-week low of $433.00 to a current price of $623.17, with four fresh 52-week highs and two lows recorded on August 20, 2026. The recent price trend has been negative, with the stock down 4.7% over the last eight sessions. Deere's fundamentals include a market cap of $158.9 billion, a P/E ratio of 32.9, and a 10.1% net margin.

What To Watch

Deere’s next key event will be its full-year 2026 earnings report, which will provide further insight into the sustainability of its current momentum. Investors should also monitor the company’s guidance for the coming quarters, particularly as it relates to the agricultural segment's recovery.