Corning (GLW) Revenue — Quarter Ended Dec 31, 2023
Revenue in the reported quarter declined compared to both the prior quarter and the same period a year earlier. The full-year trend showed a continuous decrease in quarterly revenue throughout the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue in the reported quarter declined compared to both the prior quarter and the same period a year earlier. The full-year trend showed a continuous decrease in quarterly revenue throughout the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
-5.6%
Change from the immediately preceding quarter.
Year-over-year
-12.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.6B
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 |
|---|---|---|
| Mar 31, 2023 | $3.2B | -13.6% |
| Jun 30, 2023 | $3.2B | -10.3% |
| Sep 30, 2023 | $3.2B | -9.0% |
| Dec 31, 2023 | $3B | -12.1% |
Revenue performance
The quarter's revenue decreased relative to the preceding quarter. Year over year, revenue was also lower, reflecting persistent headwinds.
Quarterly comparison
Compared to the immediately preceding quarter, revenue contracted. The decline was steeper when measured against the same quarter of the prior year.
What to watch
Monitor whether the downward revenue trajectory can stabilize in upcoming quarters.