PACCAR (PCAR) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined from the prior quarter but remained well above the same quarter a year earlier. The sequential decrease followed a period of strong growth, while the year-over-year gain continued a multi-quarter trend of higher sales.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined from the prior quarter but remained well above the same quarter a year earlier. The sequential decrease followed a period of strong growth, while the year-over-year gain continued a multi-quarter trend of higher sales.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.1%
Change from the immediately preceding quarter.
Year-over-year
+23.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.2B
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 | $8.1B | +21.6% |
| Mar 31, 2023 | $8.5B | +30.9% |
| Jun 30, 2023 | $8.9B | +24.1% |
| Sep 30, 2023 | $8.7B | +23.2% |
Revenue performance
Reported revenue decreased compared to the immediately preceding quarter, marking a reversal from the prior period's increase. The year-over-year comparison showed a substantial rise, reflecting sustained demand relative to the same period last year.
Quarterly comparison
Compared to the prior quarter, revenue was lower, breaking a streak of sequential gains. Versus the same quarter one year ago, revenue was significantly higher, continuing a pattern of year-over-year expansion.
What to watch
The sequential decline in revenue warrants attention, particularly after several quarters of consecutive growth.