Cummins (CMI) Revenue — Quarter Ended Mar 31, 2023
The company reported higher revenue for the quarter, with increases from both the immediately preceding quarter and the corresponding quarter a year ago.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
The company reported higher revenue for the quarter, with increases from both the immediately preceding quarter and the corresponding quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.5B
Revenue reported for this quarter.
Quarter-over-quarter
+8.8%
Change from the immediately preceding quarter.
Year-over-year
+32.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$30.1B
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 |
|---|---|---|
| Jun 30, 2022 | $6.6B | +7.8% |
| Sep 30, 2022 | $7.3B | +22.9% |
| Dec 31, 2022 | $7.8B | +32.8% |
| Mar 31, 2023 | $8.5B | +32.4% |
Revenue performance
Revenue for the quarter showed a positive direction, rising from the prior quarter and from the year-ago period.
Quarterly comparison
Compared to the preceding quarter, revenue grew. Compared to the same quarter one year earlier, revenue also grew.
What to watch
Monitor whether revenue continues to grow in the upcoming quarters relative to these recent comparisons.