Cummins (CMI) Revenue — Quarter Ended Jun 30, 2023
Revenue increased compared to both the prior quarter and the same period last year. The company reported higher sales during the quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased compared to both the prior quarter and the same period last year. The company reported higher sales during the quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.6B
Revenue reported for this quarter.
Quarter-over-quarter
+2.2%
Change from the immediately preceding quarter.
Year-over-year
+31.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$32.2B
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 | $7.3B | +22.9% |
| Dec 31, 2022 | $7.8B | +32.8% |
| Mar 31, 2023 | $8.5B | +32.4% |
| Jun 30, 2023 | $8.6B | +31.2% |
Revenue performance
The reported revenue shows a positive direction, rising from the preceding quarter.
Quarterly comparison
Compared to the same quarter one year ago, revenue also grew. The sequential and year-over-year gains indicate continued expansion.
What to watch
Monitor whether the rate of revenue growth can be sustained in upcoming quarters.