Corning (GLW) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reported quarter increased compared to the immediately preceding quarter, marking a reversal from prior declines. However, revenue remained below the level achieved in the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the reported quarter increased compared to the immediately preceding quarter, marking a reversal from prior declines. However, revenue remained below the level achieved in the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.0%
Change from the immediately preceding quarter.
Year-over-year
-10.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.3B
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 | $3.5B | -3.5% |
| Dec 31, 2022 | $3.4B | -7.3% |
| Mar 31, 2023 | $3.2B | -13.6% |
| Jun 30, 2023 | $3.2B | -10.3% |
Revenue performance
The sequential growth reflects a modest improvement in revenue, contrasting with the year-over-year decrease that persists.
Quarterly comparison
When measured against the prior quarter, revenue rose, while it fell relative to the same period last year.
What to watch
The ability to sustain the sequential momentum amid a weaker year-over-year comparison bears watching.