Deere & (DE) Revenue — Quarter Ended Oct 29, 2023
Revenue declined for the reported quarter compared to both the prior quarter and the same quarter one year earlier. The decrease was steeper on a sequential basis than it was year over year.
Key takeaway
Quarter ended Oct 29, 2023 · FY2023 Q4
Revenue declined for the reported quarter compared to both the prior quarter and the same quarter one year earlier. The decrease was steeper on a sequential basis than it was year over year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.4B
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
-0.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$61.3B
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 |
|---|---|---|
| Jan 29, 2023 | $12.7B | +32.2% |
| Apr 30, 2023 | $17.4B | +30.0% |
| Jul 30, 2023 | $15.8B | +12.0% |
| Oct 29, 2023 | $15.4B | -0.8% |
Revenue performance
The reported revenue continued a downward trend from the prior quarter, with the sequential decline more pronounced than the year-over-year drop.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased, and relative to the same quarter one year ago, revenue also decreased but by a smaller margin.
What to watch
The sequential revenue decline marks a shift after several quarters of growth, warranting observation of future demand trends.