Stryker (SYK) Revenue — Quarter Ended Mar 31, 2023
Revenue for the reported quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. The sequential decrease followed a period of growth in the prior quarter, while the year-over-year increase continued the positive trend.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the reported quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. The sequential decrease followed a period of growth in the prior quarter, while the year-over-year increase continued the positive trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.8B
Revenue reported for this quarter.
Quarter-over-quarter
-8.2%
Change from the immediately preceding quarter.
Year-over-year
+11.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$19B
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 |
|---|---|---|
| Jun 30, 2022 | $4.5B | +4.6% |
| Sep 30, 2022 | $4.5B | +7.7% |
| Dec 31, 2022 | $5.2B | +10.7% |
| Mar 31, 2023 | $4.8B | +11.8% |
Revenue performance
Revenue moved lower from the prior quarter, reversing the gain seen in the preceding period. However, compared to the same quarter a year ago, revenue was higher.
Quarterly comparison
When compared with the immediately preceding quarter, revenue decreased. Relative to the same quarter one year earlier, revenue increased.
What to watch
The filing notes that exchange rate risk is a significant market risk exposure, which may affect future revenue comparisons.