Stryker (SYK) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. The sequential decline contrasts with the prior trend of consecutive increases.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined compared to the immediately preceding quarter but rose compared to the same quarter one year earlier. The sequential decline contrasts with the prior trend of consecutive increases.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
-1.7%
Change from the immediately preceding quarter.
Year-over-year
+9.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.9B
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 | $5.2B | +10.7% |
| Mar 31, 2023 | $4.8B | +11.8% |
| Jun 30, 2023 | $5B | +11.2% |
| Sep 30, 2023 | $4.9B | +9.6% |
Revenue performance
Revenue decreased from the prior quarter, ending a sequence of sequential gains. On an annual basis, however, revenue remained higher than the same period a year ago.
Quarterly comparison
Compared with the preceding quarter, revenue was lower. Compared with the same quarter a year earlier, revenue was higher, reflecting continued year-over-year growth.
What to watch
The company cited increased inflationary pressures in the global economy as part of the macroeconomic environment.