Deere & (DE) Revenue — Quarter Ended Apr 28, 2024
Revenue increased compared to the prior quarter but decreased compared to the same period last year. The sequential gain was driven by a recovery from the previous quarter's lower level.
Key takeaway
Quarter ended Apr 28, 2024 · FY2024 Q2
Revenue increased compared to the prior quarter but decreased compared to the same period last year. The sequential gain was driven by a recovery from the previous quarter's lower level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.2B
Revenue reported for this quarter.
Quarter-over-quarter
+25.0%
Change from the immediately preceding quarter.
Year-over-year
-12.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$58.6B
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 30, 2023 | $15.8B | +12.0% |
| Oct 29, 2023 | $15.4B | -0.8% |
| Jan 28, 2024 | $12.2B | -3.7% |
| Apr 28, 2024 | $15.2B | -12.4% |
Revenue performance
The reported revenue for the quarter showed a rise from the immediately preceding quarter, indicating a rebound in the quarter's performance.
Quarterly comparison
When measured against the same quarter a year ago, revenue was lower, reflecting a year-over-year contraction.
What to watch
The divergence between sequential growth and annual decline may signal an uneven demand environment.