Revvity (RVTY) Revenue — Quarter Ended Oct 1, 2023
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent periods.
Key takeaway
Quarter ended Oct 1, 2023 · FY2023 Q3
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$670.7M
Revenue reported for this quarter.
Quarter-over-quarter
-5.4%
Change from the immediately preceding quarter.
Year-over-year
-5.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.8B
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 | $741.2M | -27.9% |
| Apr 2, 2023 | $674.9M | -29.9% |
| Jul 2, 2023 | $709.1M | -20.8% |
| Oct 1, 2023 | $670.7M | -5.8% |
Revenue performance
Total revenue fell from the immediately preceding quarter, driven by lower product and service revenue. The year-over-year comparison also showed a decline, with both revenue streams contributing to the decrease.
Quarterly comparison
Compared to the prior quarter, revenue decreased, continuing a pattern of sequential declines seen in earlier periods. Versus the same quarter a year ago, revenue was also lower, marking a year-over-year contraction.
What to watch
Monitor whether the sequential revenue decline persists in the next quarter, as the trend has shown consecutive decreases.