Abbott Laboratories stock research
FY2023 Q1
Abbott Laboratories (ABT) Gross Margin — Quarter Ended Mar 31, 2023
In the current quarter, revenue and gross profit were lower than both the prior quarter and the same quarter last year. Gross margin improved sequentially but weakened compared to the prior year, reflecting changes in the relationship between cost of revenue and revenue.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
In the current quarter, revenue and gross profit were lower than both the prior quarter and the same quarter last year. Gross margin improved sequentially but weakened compared to the prior year, reflecting changes in the relationship between cost of revenue and revenue.
- The gross margin increased from the prior quarter, indicating a shift in the relationship between revenue and cost of revenue.
- Compared to the prior quarter, revenue and cost of revenue both decreased, with gross profit slightly lower and gross margin higher. Compared to the same quarter last year, all metrics were lower, and gross margin declined.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
55.6%
Gross profit
$5.4B
Revenue
$9.7B
Cost of revenue
$4.3B
Quarter-over-quarter change
n/a
Year-over-year change
-2.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $9.7B | $5.4B | $4.3B | 55.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
-2.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin increased from the prior quarter, indicating a shift in the relationship between revenue and cost of revenue.
Compared to the prior quarter, revenue and cost of revenue both decreased, with gross profit slightly lower and gross margin higher. Compared to the same quarter last year, all metrics were lower, and gross margin declined.
Monitor inventory levels, which increased during the quarter as noted in the filing.