Deere & Company (DE) Reports Weaker Q3, Tariffs to Cost $600M, Workforce Cuts Begin

In this article, we will be taking a look at the 13 Best Manufacturing Stocks to Buy Right Now. Deere & Company is one of them.

Deere & Company (NYSE:DE), the iconic John Deere brand and a global leader in agricultural and construction machinery, is navigating a slowdown in farm demand while positioning itself for long-term growth through technology and manufacturing investments.

In September 2025, the company reported weaker fiscal third-quarter results, with declines in sales and net income as farmers cut spending in response to lower crop prices and macroeconomic pressures. The business also expects tariffs to weigh on earnings by about $600 million this year and has initiated workforce reductions to manage costs.

Despite near-term headwinds, Deere & Company (NYSE:DE) is committing $20 billion over the next decade to strengthen U.S. manufacturing and accelerate innovation. Projects include a $70 million excavator factory in North Carolina and factory expansions to produce advanced machinery such as X9 combines with greater harvesting capacity and AI-enabled See & Spray sprayers for precision weed control.

The company’s Smart Industrial Strategy underscores its focus on autonomous and connected equipment. At CES 2025, the company showcased autonomous tractors and dump trucks equipped with advanced sensors to improve efficiency and address labor shortages in agriculture and mining.

Deere & Company (DE) Reports Weaker Q3, Tariffs to Cost $600M, Workforce Cuts Begin

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To support this transformation, Deere & Company (NYSE:DE) has restructured leadership with new appointments, including Deanna Kovar as President of Worldwide Agriculture & Turf: Production and Precision Ag, and Justin Rose as President of Small Agriculture and Turf globally. Alongside Cory Reed, who now oversees lifecycle solutions and supply chains, the team aims to enhance customer value through smarter, connected equipment.

While we acknowledge the risk and potential of DE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.