Deere announced its first quarter 2025 earnings on February 13. 

Deere reported net income of $869 million for the first quarter ended January 26, 2025. Worldwide net sales and revenues decreased 30%, to $8.5 billion, in the most recent quarter. Net sales were $6.8 billion for the quarter, compared with $10.5 billion in 2024.

Net sales for the production and precision ag division were down 37% year-ove-year for the first quarter. 

Net income attributable to Deere & Company for fiscal 2025 is forecasted to remain in a range of $5.0 billion to $5.5 billion.

Ahead of the release, JP Morgan’s Tami Zakaria said, “The company’s outlook will depend on the continued success of agricultural aid programs, as well as any regulatory changes regarding crop subsidies and tariffs”.

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