Incyte (INCY) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The company's trailing twelve-month revenue remained substantial.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier. The company's trailing twelve-month revenue remained substantial.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$919M
Revenue reported for this quarter.
Quarter-over-quarter
-3.7%
Change from the immediately preceding quarter.
Year-over-year
+11.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.6B
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 |
|---|---|---|
| Dec 31, 2022 | $926.7M | +7.4% |
| Mar 31, 2023 | $808.7M | +10.3% |
| Jun 30, 2023 | $954.6M | +4.7% |
| Sep 30, 2023 | $919M | +11.6% |
Revenue performance
The reported revenue moved lower from the prior quarter, reflecting a sequential decline after the previous period's growth.
Quarterly comparison
Compared with the same quarter a year ago, revenue increased, extending the year-over-year upward trend. However, the latest quarter's result was below the level of the preceding quarter.
What to watch
The filing notes ongoing patent challenges for a key product, which could affect future revenue streams.