Deere reports its first quarterly profit increase in nearly three years and raises its full-year forecast, citing stronger performance in its construction business. Multiple outlets say the company’s quarterly income improves as demand rises for its construction and forestry equipment.
Globe and Mail and Quartz both link the results to an AI-driven expansion of data-centre construction, which they describe as boosting activity and orders for heavy equipment. Investing.com similarly attributes the outlook change to a broader construction boom tied to AI.
Beyond the headline profit improvement, outlets highlight Deere’s revised earnings guidance. Quartz and Globe and Mail report the company increases its full-year net income outlook to a range around $4.75 billion to $5 billion, following a sharp jump in operating profit within the construction and forestry segment, which Quartz quantifies as an 84% increase. Across coverage, the differing emphasis is on the specific drivers and segment results, but all describe the same direction: improved quarterly profitability and higher 2026 (or full-year) profit expectations.
