The AES (AES) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed in the most recent periods.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed in the most recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
-4.6%
Change from the immediately preceding quarter.
Year-over-year
-2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $3.4B | +27.2% |
| Dec 31, 2023 | $3B | -3.0% |
| Mar 31, 2024 | $3.1B | +14.3% |
| Jun 30, 2024 | $2.9B | -2.8% |
Revenue performance
Reported revenue decreased from the immediately preceding quarter, marking a sequential decline. The year-over-year comparison also showed a reduction from the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue was lower, and the year-over-year figure also contracted. The trailing twelve-month revenue was below the level of the same period a year ago.
What to watch
Monitor whether the sequential revenue decline continues in the upcoming quarter.