GE Aerospace (GE) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the immediately preceding quarter. However, it declined compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to the immediately preceding quarter. However, it declined compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.5B
Revenue reported for this quarter.
Quarter-over-quarter
+35.5%
Change from the immediately preceding quarter.
Year-over-year
-35.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$47.1B
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 |
|---|---|---|
| Sep 30, 2022 | $14.5B | -22.1% |
| Dec 31, 2022 | $16B | -17.7% |
| Mar 31, 2023 | $7B | -40.9% |
| Jun 30, 2023 | $9.5B | -35.9% |
Revenue performance
The sequential revenue improvement reflects a rebound from the prior quarter's level. The year-over-year decrease indicates ongoing challenges relative to the prior year's performance.
Quarterly comparison
Compared to the previous quarter, revenue showed an upward trend. Against the same period last year, revenue was lower.
What to watch
Monitor whether the sequential revenue growth can be sustained in future quarters.