Deere said net income for Q3 ended July 27 was $1.289 billion, or $4.75 per share, compared with $1.734 billion, or $6.29 per share, in the prior-year quarter, and net sales and revenues decreased 9% to $12.018 billion.

1. 01

   Deere said net income for Q3 ended July 27 was $1.289 billion, or $4.75 per share, compared with $1.734 billion, or $6.29 per share, in the prior-year quarter, and net sales and revenues decreased 9% to $12.018 billion.

2. 02

   The company reported that operating profit for Q3 declined 50% in Production & Precision Agriculture to $580 million, declined 47% in Construction & Forestry to $237 million, and declined 2% in Small Agriculture & Turf to $485 million. Financial Services net income rose 34% to $205 million.

3. 03

   Deere recorded a non-cash impairment charge of $61 million pretax, or $49 million after-tax, in Q3, primarily related to the trade name and customer relationship assets of external overseas battery operations. The company said slowing external demand for batteries indicated that future cash flows would cover the carrying value of the assets.

4. 04

   The company reported that net cash provided by operating activities for the 9 months ended 2025 was $3,464 million, compared with $4,139 million in the prior year, share repurchases totaled $1,136 million compared with $3,227 million last year, and dividends paid were $1,282 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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