Deere & Company
DEQ2 2024Estimated2% AI
AI Revenue %
2%
AI Fair Value
$1.9B
AI Revenue (Q)
$304.7M
Total Revenue (Q)
$15.2B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 shows PPA net sales $6,581M with 'Over time' revenue of $70M, and total equipment 'Over time' revenue of $136M out of $13,610M equipment sales. Deferred revenue grew to $1,911M at Apr 28, 2024 (up from $1,697M at fiscal year start). Unsatisfied performance obligations >1yr grew to $1,633M. R&D remained elevated at $565M. The filing discusses 'engaged acres' as a measure of Operations Center utilization but provides no dollar figures. The growing deferred revenue balance ($1,911M) and unsatisfied obligations ($1,633M) suggest steady technology subscription growth, but it remains a small fraction of total revenue. Estimate holds at 2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
PPA net sales $6,581M; PPA 'Over time' revenue $70M in Q2; Total equipment 'Over time' $136M / $13,610M; Deferred revenue $1,911M; Unsatisfied performance obligations >1yr $1,633M; R&D $565M
Filing
AI Products Identified (Ring 1)
John Deere Operations CenterSee & SprayPrecision GuidanceTelematicsAutoTrac
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Production and Precision Agriculture segmentSolutions as a ServiceEngaged Acres metric
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix