Deere & (DE) Revenue — Quarter Ended Apr 30, 2023
Revenue increased in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The growth was driven by higher sales across the company's equipment operations.
Key takeaway
Quarter ended Apr 30, 2023 · FY2023 Q2
Revenue increased in the current quarter compared with both the immediately preceding quarter and the same quarter one year earlier. The growth was driven by higher sales across the company's equipment operations.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.4B
Revenue reported for this quarter.
Quarter-over-quarter
+37.4%
Change from the immediately preceding quarter.
Year-over-year
+30.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$59.7B
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 |
|---|---|---|
| Jul 31, 2022 | $14.1B | +22.3% |
| Oct 30, 2022 | $15.5B | +37.2% |
| Jan 29, 2023 | $12.7B | +32.2% |
| Apr 30, 2023 | $17.4B | +30.0% |
Revenue performance
The reported revenue level was higher than the prior quarter, reflecting a sequential uptick. It also exceeded the result from the same period a year ago, indicating sustained year-over-year expansion.
Quarterly comparison
Revenue rose from the preceding quarter and from the same quarter a year earlier. The sequential increase was driven by operational improvements, while the year-over-year gain benefited from continued demand.
What to watch
The filing includes supplemental consolidating data that separates equipment operations from financial services, a distinction that may affect how revenue trends are interpreted.