Cummins (CMI) Revenue — Quarter Ended Sep 30, 2023
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects a moderation from the previous period's level, while the annual increase indicates sustained growth.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease reflects a moderation from the previous period's level, while the annual increase indicates sustained growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.4B
Revenue reported for this quarter.
Quarter-over-quarter
-2.4%
Change from the immediately preceding quarter.
Year-over-year
+15.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.3B
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 |
|---|---|---|
| Dec 31, 2022 | $7.8B | +32.8% |
| Mar 31, 2023 | $8.5B | +32.4% |
| Jun 30, 2023 | $8.6B | +31.2% |
| Sep 30, 2023 | $8.4B | +15.0% |
Revenue performance
The company's revenue for the quarter was lower than the immediately preceding quarter, yet higher than the same quarter one year earlier.
Quarterly comparison
The sequential decline follows a period of strong growth, while the year-over-year gain shows continued expansion.
What to watch
The filing context does not provide specific discussion of revenue drivers for this quarter.