Revvity (RVTY) Revenue — Quarter Ended Apr 2, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease was driven by lower product and service revenue.
Key takeaway
Quarter ended Apr 2, 2023 · FY2023 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease was driven by lower product and service revenue.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$674.9M
Revenue reported for this quarter.
Quarter-over-quarter
-9.0%
Change from the immediately preceding quarter.
Year-over-year
-29.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$3B
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 |
|---|---|---|
| Jul 3, 2022 | $895.6M | -40.6% |
| Oct 2, 2022 | $711.8M | +169.9% |
| Jan 1, 2023 | $741.2M | -27.9% |
| Apr 2, 2023 | $674.9M | -29.9% |
Revenue performance
Total revenue fell from the immediately preceding quarter, continuing a downward trend observed over recent periods.
Quarterly comparison
Compared to the same quarter one year earlier, revenue was significantly lower, with both product and service revenue contributing to the decline.
What to watch
Monitor whether the downward revenue trajectory persists in upcoming quarters.