Danaher (DHR) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter decreased compared with both the prior quarter and the same quarter a year earlier. The decline continued a pattern of slowing growth observed in recent quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter decreased compared with both the prior quarter and the same quarter a year earlier. The decline continued a pattern of slowing growth observed in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.9B
Revenue reported for this quarter.
Quarter-over-quarter
-0.6%
Change from the immediately preceding quarter.
Year-over-year
-33.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$26.7B
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 | $7.7B | +6.0% |
| Dec 31, 2022 | $7.1B | +104.0% |
| Mar 31, 2023 | $5.9B | -8.8% |
| Jun 30, 2023 | $5.9B | -33.7% |
Revenue performance
Reported revenue declined from the immediately preceding quarter, and the year-over-year comparison showed a substantial drop from the same quarter one year earlier.
Quarterly comparison
Sequentially, revenue fell slightly compared with the first quarter of the current fiscal year. On an annual basis, revenue was significantly lower than the level reported in the corresponding quarter of the prior year.
What to watch
The consistent year-over-year decline warrants monitoring of underlying demand and competitive dynamics.