“As a base setup, our expectation is that we will see some level of replacement come back in next year.”

How to check this claim

Look at: Year-over-year change in replacement demand/sales (as described by management, e.g., replacement equipment demand or replacement-driven sales volumes) for fiscal 2027 versus fiscal 2026

It came true if: Fiscal 2027 replacement demand higher than fiscal 2026 level (directional increase > 0%)

Where: Management commentary on quarterly earnings calls and 10-K/annual report disclosures (fiscal 2027 filings)

Verify independently

SEC filings for DE ↗ · Claim quote is verbatim from the 2026Q2 earnings call.