GE Aerospace (GE) Revenue — Quarter Ended Mar 31, 2024
Revenue increased sequentially, reversing the decline seen in the preceding two quarters. On a year-over-year basis, the top line rose sharply from the same period last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased sequentially, reversing the decline seen in the preceding two quarters. On a year-over-year basis, the top line rose sharply from the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9B
Revenue reported for this quarter.
Quarter-over-quarter
+4.8%
Change from the immediately preceding quarter.
Year-over-year
+27.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$36.4B
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, 2023 | $9.5B | -35.9% |
| Sep 30, 2023 | $9.3B | -35.7% |
| Dec 31, 2023 | $8.5B | -46.7% |
| Mar 31, 2024 | $9B | +27.1% |
Revenue performance
The sequential rebound moved revenue above the prior quarter's level, which had been the lowest in the recent trend. The year-over-year improvement reflects a notable acceleration from the earlier comparable period.
Quarterly comparison
Relative to the immediately preceding quarter, revenue recovered from a trough. Compared with the same quarter a year earlier, revenue was substantially higher.
What to watch
Assess whether the year-over-year growth can be maintained in upcoming quarters.