---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-001480"
form_type: "8-K"
ticker: "DE"
cik: "0000315189"
company_name: "DEERE & CO"
filed_at: "2023-02-17T23:59:59+00:00"
generated_at: "2026-06-19T08:22:31.039888+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Deere Q1 net income $1.959B ($6.55 EPS), up 117% YoY; raises FY2023 outlook to $8.75-9.25B

## Summary
- Net income $1.959B, EPS $6.55 vs $2.92 prior year; revenue $12.652B (+32%).
- Production & Precision Ag sales $5.198B (+55%), operating profit $1.208B (+308%).
- Construction & Forestry sales $3.203B (+26%), operating profit $625M (+130%).
- Full-year net income forecast raised to $8.75B-$9.25B from prior guidance.
- Financial Services net income $185M, down 20% YoY due to less favorable financing spreads.

## SEC filing metadata
- accession: 0001558370-23-001480
- form_type: 8-K
- ticker: DE
- cik: 0000315189
- company_name: DEERE & CO
- filed_at: 2023-02-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315189/000155837023001480/0001558370-23-001480-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315189/000155837023001480/de-20230217x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001480
- JSON: https://secwatch.observer/filing/0001558370-23-001480.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001480.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.