John Deere (DE) official guidance

| Construction & Forestry | ​ | Up ~20% | ​ | +1.5% | ​ | ~ +3.0% | ​ |

This net sales guidance for the year includes two and a half points of favorable price realization and approximately two points of favorable currency translation.

| Construction & Forestry | ​ | Up ~20% | ​ | +2.0% | ​ | ~ +2.5% | ​ |

Our net sales guidance for the year includes about 2.5 points of positive price realization and just over 2 points of positive currency translation.

| Construction & Forestry | ​ | Up ~15% | ​ | +2.0% | ​ | ~ +2.5% | ​ |

Our net sales guidance for the year includes about three points of positive price realization and one point of positive currency translation.

| Construction & Forestry | ​ | Up ~10% | ​ | +1.0% | ​ | ~ +3.0% | ​ |

| Production & Precision Ag | ​ | Down ~10% | ​ | +2.5% | ​ | ~ +1.0% | ​ |

This forecast now reflects roughly 1 point of positive price realization for the full year, as well as just under 3 points of favorable currency translation.

| Production & Precision Ag | ​ | Down 5 to 10% | ​ | +3.0% | ​ | ~ +1.0% | ​ |

The forecast assumes roughly 1.5 points of positive price realization and about 3 points of partially positive currency translation.

| Production & Precision Ag | ​ | Down 5 to 10% | ​ | +3.0% | ​ | ~ +1.5% | ​ |

The forecast assumes roughly 1.5 percentage points of positive price realization and about 1.5 percentage points of positive currency translation.

| Production & Precision Ag | ​ | Down 5 to 10% | ​ | +1.5% | ​ | ~ +1.5% | ​ |

| Small Ag & Turf | ​ | Up ~15% | ​ | +0.5% | ​ | ~ +1.5% | ​ |

This guide includes 1.5 points of positive price realization, as well as roughly 1 point of favorable currency translation.

| Small Ag & Turf | ​ | Up ~15% | ​ | +1.0% | ​ | ~ +1.5% | ​ |

This includes 2 points of positive price realization as well as 2 points of positive currency translation.

| Small Ag & Turf | ​ | Up ~15% | ​ | +2.0% | ​ | ~ +2.0% | ​ |

This includes two points of positive price realization as well as one point of positive currency translation.

| Small Ag & Turf | ​ | Up ~10% | ​ | +1.0% | ​ | ~ +2.0% | ​ |

Next, our guidance now incorporates an effective tax rate between 24%-26%.

Next, our guidance continues to incorporate an effective tax rate between 25% and 27%.

Next, our guidance incorporates an effective tax rate between 25%-27%, which is higher year-over-year as a result of fewer discrete items and a less favorable geographic mix driven by projections for a higher percentage of income coming from outside the United States.

| Asia | ​ | ​ | ​ | ​ | ​ | Flat | ​ |

Industry sales in Asia are now projected to be roughly flat year-over-year, mainly driven by modest improvements within the India market.

| Compact Construction Equipment | ​ | ​ | ​ | ​ | ​ | Up ~5% | ​ |

Industry sales projections for earth-moving equipment in the U.S. and Canada remain unchanged, with both construction equipment and compact construction equipment expected to be up around 5%.

| Construction Equipment | ​ | ​ | ​ | ​ | ​ | Up 5 to 10% | ​ |

Industry sales projections for earth-moving equipment in the U.S. and Canada remain unchanged, with both construction equipment and compact construction equipment expected to be up around 5%.

| Europe | ​ | ​ | ​ | ​ | ​ | Flat | ​ |

In Europe, industry demand remains relatively stable and is expected to range from flat to up 5%.

| Global Forestry | ​ | ​ | ​ | ​ | ​ | Down ~10% | ​ |

Global Forestry markets are expected to decline 5%, reflecting continued pressure from weak residential construction activity and low log and lumber prices.

| Global Roadbuilding | ​ | ​ | ​ | ​ | ​ | Up ~10% | ​ |

We now expect global road building markets to grow approximately 10% year-over-year, supported by elevated road construction spending across multiple geographies.

| Large Ag | ​ | ​ | ​ | ​ | ​ | Down 15 to 20% | ​ |

We continue to expect large ag equipment industry sales in the U.S. and Canada to decline 15%-20%, driven by elevated input costs and ongoing global market uncertainty.

| Small Ag & Turf | ​ | ​ | ​ | ​ | ​ | Flat to up 5% | ​ |

For Small Ag & Turf in the U.S. and Canada, industry demand is expected to remain steady, ranging from flat to up 5%.

| South America (Tractors & Combines) | ​ | ​ | ​ | ​ | ​ | Down 15 to 20% | ​ |

Moving to South America. Industry sales of tractors and combines are now expected to decline about 15%.

| Financial Services | ​ | Net Income | ​ | ~ $870 | ​ | ​ | ​ |

For fiscal year 2026, we raised our full-year outlook to $860 million, primarily driven by favorable fair value adjustment and improved provision for credit losses.

| Financial Services | ​ | Net Income | ​ | ~ $860 | ​ | ​ |

For fiscal year 2026, our outlook increased to $840 million, primarily driven by lower provision for credit losses.

| Financial Services | ​ | Net Income | ​ | ~ $840 | ​ | ​ | ​ |

For fiscal year 2026, the net income forecast is $830 million.

| Financial Services | ​ | Net Income | ​ | ~ $830 | ​ | ​ |

Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of $4.75 billion to $5.00 billion.

For fiscal year 2026, our net income forecast remains unchanged between $4.5 billion and $5 billion.

Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of $4.5 billion to $5.0 billion.

For fiscal year 2026, our updated outlook for net income is now between $4.5 billion and $5 billion.

Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of $4.5 billion to $5.0 billion.

For fiscal year 2026, our full-year net income forecast is expected to be in the range of $4 billion-$4.75 billion.

Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of $4.00 billion to $4.75 billion.

And lastly, cash flow from the equipment operations remains projected between $4.5 billion and $5.5 billion.

Lastly, projections for cash flow from the equipment operations increased by $500 million at both ends of our range and is now expected to be between $4.5 billion and $5.5 billion.

Lastly, cash flow from equipment operations is projected to be in the range of $4 billion-$5 billion.

The segment's operating margin has also been increased and is now projected to be between 10% and 12% for the full year.

Our projection for the segment's operating margin also increased and is now estimated to be between 9% and 11%.

The segment's operating margin is projected to be between 8% and 10%, as the benefits of higher North American earth-moving volumes and price realization are tempered by incremental tariff expense.

Our full-year forecast for the segment's operating margin is also unchanged and remains between 11% and 13%.

For the segment's operating margin, our full year forecast remains between 11% and 13%.

Segment operating margin for the full year is forecasted between 11%-13%, reflecting stability in international markets amidst incremental tariff and mixed headwinds, with large ag in the United States declining another year.