Stryker (SYK) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was lower than the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was higher.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was lower than the immediately preceding quarter. Compared to the same quarter one year earlier, revenue was higher.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.2B
Revenue reported for this quarter.
Quarter-over-quarter
-9.8%
Change from the immediately preceding quarter.
Year-over-year
+9.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$21B
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, 2023 | $5B | +11.2% |
| Sep 30, 2023 | $4.9B | +9.6% |
| Dec 31, 2023 | $5.8B | +11.8% |
| Mar 31, 2024 | $5.2B | +9.7% |
Revenue performance
The reported revenue reflects a sequential decline from the prior quarter. On a year-over-year basis, revenue increased compared to the same period last year.
Quarterly comparison
Revenue decreased from the prior quarter but increased compared to the same quarter a year ago. The trailing twelve-month revenue was higher than the current quarter's annualized run rate.
What to watch
Monitor whether the sequential decline reverses in the upcoming quarter.