3M (MMM) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined sharply compared to the same period last year. The sequential trend showed a modest improvement from the prior quarter.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined sharply compared to the same period last year. The sequential trend showed a modest improvement from the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$6.3B
Revenue reported for this quarter.
Quarter-over-quarter
+3.8%
Change from the immediately preceding quarter.
Year-over-year
-27.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$21B
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 |
|---|---|---|
| Sep 30, 2022 | $8.6B | -3.6% |
| Dec 31, 2022 | $11M | -99.9% |
| Mar 31, 2023 | $6.1B | -31.4% |
| Jun 30, 2023 | $6.3B | -27.8% |
Revenue performance
The reported revenue decreased significantly from the year-ago quarter. The sequential comparison indicates a slight uptick from the immediately preceding quarter.
Quarterly comparison
Compared to the prior quarter, revenue increased modestly. However, relative to the same quarter one year earlier, revenue was substantially lower.
What to watch
The filing context does not provide specific reasons for the revenue changes; monitor future filings for operational updates.