GE Aerospace (GE) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased sharply from both the prior quarter and the same period last year. The decline reflects a substantial contraction in reported figures.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased sharply from both the prior quarter and the same period last year. The decline reflects a substantial contraction in reported figures.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7B
Revenue reported for this quarter.
Quarter-over-quarter
-56.1%
Change from the immediately preceding quarter.
Year-over-year
-40.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$52.5B
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 | $14.9B | -21.6% |
| Sep 30, 2022 | $14.5B | -22.1% |
| Dec 31, 2022 | $16B | -17.7% |
| Mar 31, 2023 | $7B | -40.9% |
Revenue performance
The reported revenue continued a declining trend observed in recent quarters, with a particularly steep sequential drop.
Quarterly comparison
Compared to the immediately preceding quarter, revenue fell markedly. When measured against the same quarter one year earlier, the decrease was also significant.
What to watch
The ongoing corporate restructuring and separation plans remain key factors to watch.