Deere & Company
DEQ3 2025Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$2.7B
AI Revenue (Q)
$1.0B
Total Revenue (Q)
$40.6B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2025 shows PPA net sales $4,273M with 'Over time' revenue of $114M (2.7% of PPA). Total equipment 'Over time' was $213M out of $10,600M equipment sales = 2.0%. Deferred revenue grew to $2,100M (highest ever). Unsatisfied performance obligations >1yr grew to $1,823M, with FY2026 estimated at $504M and FY2027 at $425M. Cumulative tariff impact was ~$300M through 9 months. The filing mentions leveraging PPA technology to CF segment (Smart Detect, Operations Center for roadbuilding). Over-time revenue continues to be resilient while equipment sales decline, increasing the AI revenue percentage. Estimate holds at 2.5%. Math: ~$213M over-time + ~$52M hardware tech premium = ~$265M / $10,600M = ~2.5%.
Analyzed by claude-opus-4-6
Quoted Figures
PPA net sales $4,273M; PPA 'Over time' revenue $114M (2.7%); Total equipment 'Over time' $213M / $10,600M = 2.0%; Deferred revenue $2,100M (record); Unsatisfied perf obligations >1yr $1,823M (FY2026 $504M, FY2027 $425M); Cumulative tariff impact ~$300M
Filing
AI Products Identified (Ring 1)
John Deere Operations CenterSee & SpraySmart DetectPrecision 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 ServiceTechnology Stack
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix