Baker Hughes (BKR) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reporting quarter increased compared with both the preceding quarter and the same quarter one year earlier. The company's revenue growth was evident in both comparisons.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the reporting quarter increased compared with both the preceding quarter and the same quarter one year earlier. The company's revenue growth was evident in both comparisons.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.3B
Revenue reported for this quarter.
Quarter-over-quarter
+10.5%
Change from the immediately preceding quarter.
Year-over-year
+25.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$23.3B
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 | $5.4B | +5.4% |
| Dec 31, 2022 | $5.9B | +7.7% |
| Mar 31, 2023 | $5.7B | +18.2% |
| Jun 30, 2023 | $6.3B | +25.1% |
Revenue performance
The reported revenue rose from the prior quarter, marking a sequential gain.
Quarterly comparison
Revenue was higher than the immediately preceding quarter and also higher than the same quarter one year earlier.
What to watch
Revenue increased this quarter after a decline in the preceding quarter.