Cummins (CMI) Revenue — Quarter Ended Dec 31, 2023
Revenue for the reporting quarter increased compared to the same quarter last year and showed slight growth from the immediately preceding quarter. The sequential improvement was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the reporting quarter increased compared to the same quarter last year and showed slight growth from the immediately preceding quarter. The sequential improvement was modest, while the year-over-year gain was more pronounced.
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
+1.3%
Change from the immediately preceding quarter.
Year-over-year
+9.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.1B
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 |
|---|---|---|
| Mar 31, 2023 | $8.5B | +32.4% |
| Jun 30, 2023 | $8.6B | +31.2% |
| Sep 30, 2023 | $8.4B | +15.0% |
| Dec 31, 2023 | $8.5B | +9.9% |
Revenue performance
Reported revenue rose from the prior quarter, reflecting continued demand in the period. Compared to the same quarter a year earlier, revenue was higher, extending the positive trajectory.
Quarterly comparison
Revenue increased sequentially from the preceding quarter, though at a slower pace than the year-over-year increase. The year-over-year comparison also showed growth, maintaining the upward trend seen throughout the fiscal year.
What to watch
The filing context did not provide specific commentary on revenue drivers for this period.