Baker Hughes (BKR) Revenue — Quarter Ended Sep 30, 2023
Revenue increased compared to the prior quarter and the same period last year. The company maintained solid financial strength and liquidity.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to the prior quarter and the same period last year. The company maintained solid financial strength and liquidity.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.6B
Revenue reported for this quarter.
Quarter-over-quarter
+5.2%
Change from the immediately preceding quarter.
Year-over-year
+23.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$24.6B
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 |
|---|---|---|
| Dec 31, 2022 | $5.9B | +7.7% |
| Mar 31, 2023 | $5.7B | +18.2% |
| Jun 30, 2023 | $6.3B | +25.1% |
| Sep 30, 2023 | $6.6B | +23.7% |
Revenue performance
Revenue rose, with increases in both goods and services sales contributing to the overall gain.
Quarterly comparison
Revenue was higher than the immediately preceding quarter and substantially higher than the same quarter one year earlier.
What to watch
Monitor the company's ability to sustain revenue growth in evolving market conditions.