Deere (NYSE:DE) reported strong fiscal Q1 2026 results, indicating a potential cycle bottom due to recovery in construction and small agriculture segments. The company is expanding its workforce and acquiring Tenna to boost technology capabilities, leading to raised full-year earnings guidance. Investors are optimistic, with the stock seeing significant gains year-to-date, as Deere focuses on higher-value precision equipment and digital tools.
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Deere Flags Cycle Bottom As Construction And Tech Drive Earnings Outlook
Deere (NYSE:DE) reported strong fiscal Q1 2026 results, indicating a potential cycle bottom due to recovery in construction and small agriculture segments. The company is expanding its workforce and acquiring Tenna to boost technology capabilities, leading to raised full-year earnings guidance. Investors are optimistic, with the stock seeing significant gains year-to-date, as Deere focuses on higher-value precision equipment and digital tools.