Albemarle (ALB) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined compared to the immediately preceding quarter, reflecting a sequential pullback. However, revenue remained significantly higher than the same quarter one year earlier, continuing a period of strong year-over-year growth.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared to the immediately preceding quarter, reflecting a sequential pullback. However, revenue remained significantly higher than the same quarter one year earlier, continuing a period of strong year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-8.1%
Change from the immediately preceding quarter.
Year-over-year
+60.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.7B
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, 2022 | $2.1B | +151.9% |
| Dec 31, 2022 | $2.6B | +198.1% |
| Mar 31, 2023 | $2.6B | +128.8% |
| Jun 30, 2023 | $2.4B | +60.2% |
Revenue performance
The reported revenue decreased from the prior quarter, marking the first sequential decline in recent quarters. Compared to the same quarter a year ago, revenue posted a substantial increase, though the pace of year-over-year growth moderated from the prior quarter's level.
Quarterly comparison
The sequential decline follows three consecutive quarters of accelerating year-over-year gains. The trailing twelve-month revenue reached a level well above the prior year's total, reflecting the overall upward trajectory.
What to watch
Monitor whether the sequential revenue decline signals a broader demand moderation or is a temporary adjustment after rapid growth.