Corning (GLW) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the quarter, extending the downward trajectory from prior periods. The rate of decline moderated compared to the immediately preceding quarter.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the quarter, extending the downward trajectory from prior periods. The rate of decline moderated compared to the immediately preceding quarter.
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
-2.2%
Change from the immediately preceding quarter.
Year-over-year
-9.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$13B
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 | $3.4B | -7.3% |
| Mar 31, 2023 | $3.2B | -13.6% |
| Jun 30, 2023 | $3.2B | -10.3% |
| Sep 30, 2023 | $3.2B | -9.0% |
Revenue performance
Sequential revenue decreased modestly from the prior quarter, while the year-over-year comparison showed a more pronounced decrease.
Quarterly comparison
Compared to the prior quarter, the decline was milder; relative to the same quarter a year ago, the shortfall was greater.
What to watch
Monitor whether the year-over-year decline continues to narrow in upcoming quarters.