Deere & Company
DEQ4 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-K Filing
View 10-K on SEC.govAnalysis
FY2022 10-K describes the 'Smart Industrial Operating Model' and 'Technology Stack' including digital capabilities, automation, autonomy, and connectivity. Deere acquired Kreisel Electric (battery tech, $276M) and Deere-Hitachi joint venture factories in FY2022, and discusses 'Leap Ambitions' for technology adoption. However, no AI or precision technology revenue is broken out. PPA was the largest segment. The technology stack is described as foundational to hardware products but not monetized as standalone AI revenue. The annual R&D spend for FY2022 was ~$1.8B, indicating heavy technology investment, but revenue attribution to AI specifically remains impossible from the filing. Conservative estimate holds at 1.5%.
Analyzed by claude-opus-4-6
Quoted Figures
FY2022 total net sales ~$47.9B (equipment operations); PPA FY2022 ~$19.4B; Smart Industrial Operating Model focuses on 'digital, automation, autonomy, and alternative propulsion technologies'; Kreisel acquisition $276M; R&D ~$1.8B for FY2022
Filing
AI Products Identified (Ring 1)
John Deere Operations CenterSee & SprayPrecision Agriculture GuidanceAutoTracKreisel Electric batteries
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 segmentLeap Ambitions frameworkTechnology Stack
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix