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Deere & Company

DE · Industrials

Last earnings Aug 20, 2026

Key results

Net incomequarter

$1.289 Billion

com Deere Reports Third Quarter Net Income of $1.289 Billion Disciplined execution yields solid results in the face of a challenging environment.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

MOLINE, Illinois (August 14, 2025) Deere & Company reported net income of $1.289 billion for the third quarter ended July 27, 2025, or $4.75 per share, compared with net income of $1.734 billion, or $6.29 per share, for the quarter ended July 28, 2024.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Net incomeytd

$3.962 billion

For the first nine months of the year, net income attributable to Deere & Company was $3.962 billion, or $14.57 per share, compared with $5.855 billion, or $21.04 per share, for the same period last year.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Revenuequarter

9 percent

Worldwide net sales and revenues decreased 9 percent, to $12.018 billion, for the third quarter of 2025 and decreased 18 percent, to $33.290 billion, for nine months.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Change Net revenuequarter

2024 %

4 Deere & Company Third Quarter Year to Date $ in millions, except per share amounts 2025 2024 % Change 2025 2024 % Change Net sales and revenues $ 12,018 $ 13,152 -9% $ 33,290 $ 40,572 -18% Net income $ 1,289 $ 1,734 -26% $ 3,962 $ 5,855 -32% Fully diluted EPS $ 4.75 $ 6.29 $ 14.57 $ 21.04 All periods presented were affected by special items.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Production & Precision Agriculture Third Quarter $ in millions 2025 2024 % Change Net sales $ 4,273 $ 5,099 -16% Operating profit $ 580 $ 1,162 -50% Operating margin 13.6% 22.8% Production and precision agriculture sales decreased for the quarter as a result of lower shipment volumes and unfavorable price realization.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Production & Precision Agriculture Operating Profit Third Quarter 2025 Compared to Third Quarter 2024 $ in millions 5 Small Agriculture & Turf Third Quarter $ in millions 2025 2024 % Change Net sales $ 3,025 $ 3,053 -1% Operating profit $ 485 $ 496 -2% Operating margin 16.0% 16.2% Small agriculture and turf sales decreased for the quarter as a result of lower shipment volumes, partially offset by favorable currency translation and price realization.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Small Agriculture & Turf Operating Profit Third Quarter 2025 Compared to Third Quarter 2024 $ in millions 6 Construction & Forestry Third Quarter $ in millions 2025 2024 % Change Net sales $ 3,059 $ 3,235 -5% Operating profit $ 237 $ 448 -47% Operating margin 7.7% 13.8% Construction and forestry sales decreased for the quarter primarily due to unfavorable price realization.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

AI analysis

Q3 2025 · reported Aug 14, 2025

Based on: Earnings release + Q3 2025 deck + parent 8-K + 10-Q — transcript not held

Net income · Q3 2025
$1.289B
EX-99 · Aug 14, 2025
Revenue · Q3 2025
9 percent
EX-99 · Aug 14, 2025

Headline figures

MetricQ3 2025Prior qtrYear ago
Net income$1.289 Billion——
Revenue9 percent——
Change Net revenue2024 %——

EX-99 · Aug 14, 2025

Guidance · company-stated

Net Sales

“Translation Realization Production & Precision Ag Down 15% to 20%”

Net Income

“~ $770”

Guidance stated in the release's Business Outlook table for Fiscal 2025; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Capex$1.4B

13 Elimination of dividends from financial services to the equipment operations, which are included in the equipment operations operating activities.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Deere & Company Q3 2025 — com Deere Reports Third Quarter Net Income of $1.289 Billion Disciplined execution yields solid results in the face of a challenging environment.

Based on: Earnings release + Q3 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Net Sales: “Net Sales Translation Realization Production & Precision Ag Down 15% to 20%”

Net Income: “Net Income ~ $770”

Net Sales (“Fiscal 2025”)
“Net Sales Translation Realization Production & Precision Ag Down 15% to 20%”

Net Income (“Fiscal 2025”)
“Net Income ~ $770”

Guidance stated in the release's Business Outlook table for Fiscal 2025; no direction stated — figures as stated in the table.

Capital allocation

13 Elimination of dividends from financial services to the equipment operations, which are included in the equipment operations operating activities.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

) $4.75-5.25B 19-21% FY 2025 FORECAST Net Operating Cash Flow* $4.5-5.5B *Equipment Operations Source: Deere & Company forecast as of 14 August 2025 Other Research and Development Expenses* Capital Expenditures* Down slightly ~$1.4B 33 14 John Deere | 3Q 2025 Earnings Call | August 14, 2025 Appendix 34 15 John Deere | 3Q 2025 Earnings Call | August 14, 2025 July 2025 Retail Sales (Rolling 3 Months) and Dealer Inventories Retail Sales U.

SEC original ↗Deere & Company — Presentation / slide deck (8-K exhibit)EX-99Aug 14, 2025

Our carrying value of receivables from and investments in BJD and maximum exposure to loss were as follows: August 2 November 2 July 27 2026 2025 2025 Receivables from unconsolidated affiliates Other receivables $ 271 $ 394 $ 516 Investments in unconsolidated affiliates Other assets 440 405 395 Carrying value of assets related to VIE 711 799 911 Guarantees 168 157 153 Maximum exposure to loss $ 879 $ 956 $ 1,064 Guarantees primarily include BJD debt related to government funding that existed prior to the deconsolidation of BJD.

SEC original ↗Deere & Company — 10-Q Quarterly report10-QAug 27, 2026

2024-04 Debt Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments No.

SEC original ↗Deere & Company — 10-Q Quarterly report10-QAug 27, 2026

(4) Other Comprehensive Income Items The after-tax components of accumulated other comprehensive income (loss) follow: August 2 November 2 July 27 2026 2025 2025 Retirement benefits adjustment $ ( 1,228 ) $ ( 1,182 ) $ ( 1,291 ) Cumulative translation adjustment ( 1,650 ) ( 1,753 ) ( 1,681 ) Unrealized loss on derivatives ( 31 ) ( 54 ) ( 73 ) Unrealized loss on debt securities ( 67 ) ( 43 ) ( 62 ) Accumulated other comprehensive income (loss) $ ( 2,976 ) $ ( 3,032 ) $ ( 3,107 ) The following tables reflect amounts recorded in other comprehensive income (loss), as well as reclassifications out of other comprehensive income (loss).

SEC original ↗Deere & Company — 10-Q Quarterly report10-QAug 27, 2026

The SPE issues debt to investors.

SEC original ↗Deere & Company — 10-Q Quarterly report10-QAug 27, 2026

Strategy & priorities

The programs main purpose was to help meet the company s strategic priorities while reducing overlap and redundancy in roles and responsibilities.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Instead, they are based only on management’s current beliefs, expectations and assumptions regarding the future of the Company’s business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions.

SEC original ↗Deere & Company — Presentation / slide deck (8-K exhibit)EX-99Aug 14, 2025

However, we are not the primary beneficiary of the VIE because the power over significant activities, including the strategic plan, budget, credit policies, and funding guidelines, is shared among equity holders through an equally represented board of directors.

SEC original ↗Deere & Company — 10-Q Quarterly report10-QAug 27, 2026

Each segment has a group president responsible for managing financial performance and executing strategic initiatives.

SEC original ↗Deere & Company — 10-Q Quarterly report10-QAug 27, 2026

(10) Securitization of Financing Receivables Our funding strategy includes receivable securitizations, which allows us to receive cash for financing receivables immediately.

SEC original ↗Deere & Company — 10-Q Quarterly report10-QAug 27, 2026

Risks & headwinds

Customers remain cautious amid ongoing uncertainty.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

For example, the increasing utilization and proven in-field effectiveness of advanced technologies such as See & Spray and Harvest Settings Automation are empowering customers to improve their productivity and better navigate industry challenges, May noted.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

The positive outcomes we re enabling reinforce our confidence in Deere s future despite near-term uncertainty.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

The cost of additional tariffs for each segment is included in the Production costs and Other categories below.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Operating profit decreased due to higher tariffs, partially offset by reductions in warranty expenses and lower production costs.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Operating profit decreased primarily due to unfavorable price realization and higher production costs caused by higher tariffs, partially offset by favorable product mix.

SEC original ↗Deere & Company — Earnings release (8-K exhibit)EX-99Aug 14, 2025

Documents

Earnings deck slides

1 deck with slide view

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Deere & Company — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

CNH Industrial (CNH)“The competitive environment for the agriculture and turf operations includes some global competitors, such as AGCO Corporation, CLAAS KGaA mbH, CNH Industrial N.V., Kubota Tractor Corporation, and The Toro Company.”Toro Co (TTC)“The competitive environment for the agriculture and turf operations includes some global competitors, such as AGCO Corporation, CLAAS KGaA mbH, CNH Industrial N.V., Kubota Tractor Corporation, and The Toro Company.”Caterpillar Inc. (CAT)“Global competitors of the CF segment include Caterpillar Inc., CNH Industrial N.V., Doosan Infracore Co., Ltd.”

Filings

63 documents

Earnings releases

25 documents

Presentations

15 documents

Transcripts

0 documents

No transcripts for Deere & Company are held in this edition of the library.

Mentioned by

6 companies

Other tracked companies whose held documents mention Deere & Company by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.