Johnson & Johnson (JNJ) Revenue — Quarter Ended Oct 1, 2023
Revenue for the quarter decreased slightly compared to the immediately preceding quarter. However, revenue rose sharply compared to the same quarter one year earlier.
Key takeaway
Quarter ended Oct 1, 2023 · FY2023 Q3
Revenue for the quarter decreased slightly compared to the immediately preceding quarter. However, revenue rose sharply compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$21.4B
Revenue reported for this quarter.
Quarter-over-quarter
-0.8%
Change from the immediately preceding quarter.
Year-over-year
+69.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$83.7B
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 |
|---|---|---|
| Jan 1, 2023 | $19.9B | +104.1% |
| Apr 2, 2023 | $20.9B | +5.3% |
| Jul 2, 2023 | $21.5B | -22.0% |
| Oct 1, 2023 | $21.4B | +69.4% |
Revenue performance
The reported revenue declined modestly from the prior quarter, reflecting a sequential contraction. The year-over-year comparison shows a substantial increase, driven by factors not specified in the filing context.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Compared to the same quarter one year earlier, revenue was significantly higher.
What to watch
The sequential decline in revenue warrants attention, particularly given the strong year-over-year gain.