Corning (GLW) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reported quarter declined compared to the same period a year earlier. It also saw a slight decrease from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reported quarter declined compared to the same period a year earlier. It also saw a slight decrease from the immediately preceding quarter.
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
-0.6%
Change from the immediately preceding quarter.
Year-over-year
-6.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.4B
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 | $3.2B | -10.3% |
| Sep 30, 2023 | $3.2B | -9.0% |
| Dec 31, 2023 | $3B | -12.1% |
| Mar 31, 2024 | $3B | -6.4% |
Revenue performance
The year-over-year decrease was larger than the sequential decline, indicating a more pronounced drop compared to the prior year.
Quarterly comparison
Compared to the same quarter last year, revenue was lower. Relative to the previous quarter, the decline was marginal.
What to watch
The ongoing year-over-year revenue decline will be important to track in future reports.