Deere faces headwinds in Q3 update and announces Reservoir R&D partnership
Danny Bernstein (l) from Reservoir and Sean Sundberg (r) from John Deere announced a partnership at the Ruggedize event. | Credit: Reservoir Deere & Co. last week posted Q3 2026 net income of $1.379 billion, or $5.10 per share, outperforming market expectations despite headwinds in its Production and Precision Agriculture division—the primary unit driving revenue from the company’s autonomous machinery, smart targeting systems, and precision technologies. Production and Precision Agri
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Deere & Co. reported Q3 earnings that exceeded expectations, though its Production and Precision Agriculture division experienced headwinds from lower shipment volumes. The company raised its full-year net income guidance, signaling that a multi-year downturn in global farm machinery demand may be stabilizing. Deere anticipates recovery driven by expanding adoption of high-margin technologies including autonomous capabilities, automated spraying systems, and connected fleet software. The company also announced a three-year, $10 million research and development partnership with Reservoir to accelerate development of rugged AI technologies for high-value crop agriculture.
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