Deere & Company
DEQ3 2022Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$1.2B
AI Revenue (Q)
$211.5M
Total Revenue (Q)
$14.1B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Deere does not disclose AI-specific revenue. The Production and Precision Agriculture (PPA) segment generated $6,096M in Q3 FY2022 net sales out of $13,000M equipment net sales. PPA includes precision agriculture technology (GPS guidance, telematics, automation, See & Spray) embedded in equipment sales, but the vast majority of PPA revenue is from traditional large tractors, combines, and tillage equipment. R&D expenses were $481M for the quarter (+22% YoY), reflecting 'continued focus on developing and incorporating technology solutions,' but the filing provides no breakdown of technology-driven revenue. Using a conservative estimate that subscription/software/precision-upgrade revenue within PPA plus technology premiums on equipment account for ~2% of total equipment sales, discounted to 1.5% to reflect that most 'precision ag' revenue is hardware, not AI. Math: ~$195M estimated AI-adjacent / $13,000M equipment sales = ~1.5%.
Analyzed by claude-opus-4-6
Quoted Figures
PPA net sales $6,096M; Total equipment net sales $13,000M (PPA + SAT $3,635M + CF $3,269M); R&D expenses $481M (+22% YoY) due to 'continued focus on developing and incorporating technology solutions'
Filing
AI Products Identified (Ring 1)
John Deere Operations CenterPrecision Agriculture Guidance SystemsSee & SprayTelematicsAutoTrac
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 segmentTechnology Stack investmentsSmart Industrial Operating Model
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix