GE Aerospace (GE) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter a year earlier. The sequential decrease was moderate, while the year-over-year drop was substantial.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter a year earlier. The sequential decrease was moderate, while the year-over-year drop was substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.3B
Revenue reported for this quarter.
Quarter-over-quarter
-2.6%
Change from the immediately preceding quarter.
Year-over-year
-35.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$41.9B
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 | $16B | -17.7% |
| Mar 31, 2023 | $7B | -40.9% |
| Jun 30, 2023 | $9.5B | -35.9% |
| Sep 30, 2023 | $9.3B | -35.7% |
Revenue performance
The reported revenue reflects a downward trajectory, continuing the pattern seen in recent quarters. The trailing twelve-month revenue also shows a significant decline from the prior year.
Quarterly comparison
Compared to the prior quarter, revenue was lower, and compared to the same quarter last year, the decline was much larger. This indicates a steeper year-over-year contraction.
What to watch
Monitor whether the year-over-year decline narrows in upcoming quarters.