Deere & Company
DEQ3 2024Estimated2% AI
AI Revenue %
2%
AI Fair Value
$2.1B
AI Revenue (Q)
$916.8M
Total Revenue (Q)
$45.8B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2024 shows PPA net sales $5,099M with 'Over time' revenue of $99M, and total equipment 'Over time' revenue of $167M out of $11,245M equipment sales = 1.5%. Deferred revenue was $1,895M at Jul 28, 2024. Unsatisfied performance obligations >1yr grew to $1,677M, with estimated FY2025 recognition of $456M and FY2026 of $384M, indicating steady growth in subscription-type services. The filing notes continued focus on technology R&D ($567M). Employee-separation programs were implemented ($150M) but these are cost measures, not AI-related. Including estimated technology premiums on hardware, estimate remains at 2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
PPA net sales $5,099M; PPA 'Over time' revenue $99M in Q3; Total equipment 'Over time' $167M / $11,245M; Deferred revenue $1,895M; Unsatisfied perf obligations >1yr $1,677M (FY2025 $456M, FY2026 $384M); R&D $567M
Filing
AI Products Identified (Ring 1)
John Deere Operations CenterSee & SprayPrecision GuidanceTelematicsAutoTracS7 Series Combines
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 ServiceTechnology Stack
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix