Deere & Company reported net income of $1.804 billion for the second quarter of fiscal 2024-2025, ended April 27, 2025, compared with net income of $2.370 billion for the quarter ended April 28, 2024. For the first six months of the year, net income attributable to Deere & Co. was $2.673 billion, compared with $4.121 billion for the same period last year.
Worldwide net sales and revenues decreased 16 percent, to $12.763 billion, for the second quarter of 2025 and decreased 22 percent, to $21.272 billion for six months. Net sales were $11.171 billion for the quarter and $17.980 billion for six months, compared with $13.610 billion and $24.097 billion last year, respectively.
“As we navigate the current environment, our customers remain top priority,” said John May, chairman and CEO of John Deere. “I’m proud of our team’s execution, delivering exceptional performance despite challenging market dynamics. Their dedication and hard work have been instrumental in ensuring our customers continue to receive the high-quality service and products they expect from John Deere.”
Net income attributable to Deere & Company for fiscal 2025 is forecasted to be in a range of $4.75 billion to $5.50 billion. “Despite the near-term market challenges, we remain confident in the future,” said May. “Our commitment to delivering value for our customers includes ongoing investment in advanced products, solutions, and manufacturing capabilities. Over the next decade, we will continue to make significant investments in our core U.S. market, underscoring our dedication to innovation and growth while focusing on remaining cost-competitive in a global market”, John May concludes.
