Deere & Company
DEQ2 2025Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$2.7B
AI Revenue (Q)
$685.5M
Total Revenue (Q)
$27.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2025 shows PPA net sales $5,230M with 'Over time' revenue of $108M (2.1% of PPA). Total equipment 'Over time' was $196M out of $11,230M equipment sales = 1.7%. Deferred revenue grew to $2,089M. Unsatisfied performance obligations >1yr grew to $1,774M. Trade tariff costs of ~$95M impacted results. The filing continues to describe technology investments but states SaaS is not yet significant. 'Over time' revenue for the six months was $264M out of $18,039M equipment sales = 1.5%. Including hardware tech premium estimates, AI revenue is approximately 2.5%. Math: ~$196M over-time + ~$85M estimated tech premium = ~$281M / $11,230M = ~2.5%.
Analyzed by claude-opus-4-6
Quoted Figures
PPA net sales $5,230M; PPA 'Over time' revenue $108M; Total equipment 'Over time' $196M / $11,230M; Deferred revenue $2,089M; Unsatisfied perf obligations >1yr $1,774M; Tariff costs ~$95M in Q2; 'Solutions as a Service products did not represent a significant percentage of our revenues'
Filing
AI Products Identified (Ring 1)
John Deere Operations CenterSee & SprayPrecision GuidanceTelematicsSolutions as a Service
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 ServiceTariff impacts
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix