Deere & (DE) Revenue — Quarter Ended Jan 29, 2023
Revenue declined in the quarter compared to the immediately preceding period, but rose versus the same period a year earlier.
Key takeaway
Quarter ended Jan 29, 2023 · FY2023 Q1
Revenue declined in the quarter compared to the immediately preceding period, but rose versus the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12.7B
Revenue reported for this quarter.
Quarter-over-quarter
-18.6%
Change from the immediately preceding quarter.
Year-over-year
+32.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$55.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 1, 2022 | $13.4B | +10.9% |
| Jul 31, 2022 | $14.1B | +22.3% |
| Oct 30, 2022 | $15.5B | +37.2% |
| Jan 29, 2023 | $12.7B | +32.2% |
Revenue performance
The reported revenue moved downward from the prior quarter, reflecting a sequential decrease.
Quarterly comparison
On a year-over-year basis, revenue showed a significant increase, while the sequential comparison indicated a decline.
What to watch
The company's strategic investments in digital, automation, and alternative propulsion technologies remain a key focus.