Deere & (DE) Revenue — Quarter Ended Jul 30, 2023
Revenue for the quarter declined compared with the immediately preceding quarter. Compared with the same quarter one year earlier, revenue was higher.
Key takeaway
Quarter ended Jul 30, 2023 · FY2023 Q3
Revenue for the quarter declined compared with the immediately preceding quarter. Compared with the same quarter one year earlier, revenue was higher.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.8B
Revenue reported for this quarter.
Quarter-over-quarter
-9.1%
Change from the immediately preceding quarter.
Year-over-year
+12.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$61.4B
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 |
|---|---|---|
| Oct 30, 2022 | $15.5B | +37.2% |
| Jan 29, 2023 | $12.7B | +32.2% |
| Apr 30, 2023 | $17.4B | +30.0% |
| Jul 30, 2023 | $15.8B | +12.0% |
Revenue performance
The reported revenue decreased from the prior quarter, reflecting a sequential downturn. On a year-over-year basis, revenue rose relative to the same period a year ago.
Quarterly comparison
Sequentially, revenue fell from the prior quarter. Over the trailing twelve months, revenue was higher than in the same quarter one year earlier.
What to watch
The company's Smart Industrial operating model and Leap Ambitions, which focus on digitalization and automation, are areas to monitor for their potential impact on future revenue.