Deere shares fell more than 5% premarket after issuing fiscal 2026 net income guidance of $4 billion–$4.75 billion, well below the $5.31 billion Bloomberg consensus. This overshadowed its Q4 earnings beat ($3.93 vs. $3.81 expected). Deere sees weakness in large agriculture continuing into 2026, though it expects growth in small ag, turf, and construction segments.