TE Connectivity (TEL) Revenue — Quarter Ended Jun 30, 2023
Revenue for this reporting quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The company's filings note ongoing monitoring of geopolitical and pandemic-related factors.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q3
Revenue for this reporting quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The company's filings note ongoing monitoring of geopolitical and pandemic-related factors.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
-3.9%
Change from the immediately preceding quarter.
Year-over-year
-2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.4B
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 |
|---|---|---|
| Sep 30, 2022 | $4.4B | +14.2% |
| Dec 30, 2022 | $3.8B | +0.6% |
| Mar 31, 2023 | $4.2B | +3.8% |
| Jun 30, 2023 | $4B | -2.4% |
Revenue performance
The reported revenue declined from the prior quarter and also from the year-ago period.
Quarterly comparison
When compared with the immediately preceding quarter, revenue was lower, and it was also lower relative to the same quarter one year earlier.
What to watch
The company's filing indicates it continues to monitor the military conflict and associated sanctions, as well as pandemic-related impacts.