GE HealthCare Technologies (GEHC) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter last year. The sequential decline was notably larger than the modest year-over-year drop.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter last year. The sequential decline was notably larger than the modest year-over-year drop.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
-10.7%
Change from the immediately preceding quarter.
Year-over-year
-1.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.5B
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, 2023 | $4.8B | +7.4% |
| Sep 30, 2023 | $4.8B | +5.4% |
| Dec 31, 2023 | $5.2B | +5.4% |
| Mar 31, 2024 | $4.7B | -1.2% |
Revenue performance
The company reported revenue that fell short of the prior quarter's level, reversing the growth trend observed in the previous three quarters.
Quarterly comparison
Compared with the preceding quarter, revenue declined sharply, while the year-over-year comparison showed a slight contraction.
What to watch
Monitor whether the sequential decline is a seasonal pattern or signals a shift in demand for the company's products.