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

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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 BeginPixabay/Public DomainTo 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 potential of DE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW Disclosure: None.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,617.82 +13.10 (+0.20%)Dow 3046,112.82 +165.50 (+0.36%)Nasdaq22,353.79 -30.90 (-0.14%)Russell 20002,422.00 +10.96 (+0.45%)VIX16.68 -0.06 (-0.36%)Gold3,810.20 +39.10 (+1.04%)PortfolioSign in to access your portfolioSign inTop gainersCRNX Crinetics Pharmaceuticals, Inc. 45.88 +9.99 (+27.79%)PPTA Perpetua Resources Corp. 21.09 +2.09 (+11.02%)DGNX Diginex Limited 14.50 +1.30 (+9.85%)SRRK Scholar Rock Holding Corporation 37.81 +3.32 (+9.63%)MIR Mirion Technologies, Inc. 22.86 +1.43 (+6.67%)Top losersIREN IREN Limited 40.98 -5.31 (-11.46%)KC Kingsoft Cloud Holdings Limited 15.48 -1.99 (-11.38%)CNXC Concentrix Corporation 49.51 -5.49 (-9.98%)CLSK CleanSpark, Inc. 12.51 -1.18 (-8.59%)APLD Applied Digital Corporation 21.12 -1.47 (-6.51%)Most activeINTC Intel Corporation 34.88 +0.88 (+2.60%)OPEN Opendoor Technologies Inc. 8.64 -0.45 (-4.95%)NVDA NVIDIA Corporation 176.04 -1.65 (-0.93%)RGTI Rigetti Computing, Inc. 31.87 -0.23 (-0.72%)NIO NIO Inc. 7.02 -0.45 (-6.06%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersCOST Costco Wholesale Corporation 920.77 -22.54 (-2.39%)DVLT Datavault AI Inc. 1.1850 +0.3502 (+41.95%)BA The Boeing Company 221.63 +8.10 (+3.79%)INTC Intel Corporation 35.07 +1.08 (+3.17%)WOLF Wolfspeed, Inc. 1.2900 -0.5600 (-30.27%)Top economic events