General Dynamics (GD) Revenue — Quarter Ended Jul 2, 2023
Revenue increased both sequentially from the prior quarter and year over year from the same quarter last year. The growth was supported by higher revenue from products and services.
Key takeaway
Quarter ended Jul 2, 2023 · FY2023 Q2
Revenue increased both sequentially from the prior quarter and year over year from the same quarter last year. The growth was supported by higher revenue from products and services.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.2B
Revenue reported for this quarter.
Quarter-over-quarter
+2.7%
Change from the immediately preceding quarter.
Year-over-year
+10.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$40.9B
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 |
|---|---|---|
| Oct 2, 2022 | $10B | +4.3% |
| Dec 31, 2022 | $10.9B | +5.4% |
| Apr 2, 2023 | $9.9B | +5.2% |
| Jul 2, 2023 | $10.2B | +10.5% |
Revenue performance
The company reported higher total revenue in the latest quarter compared to the immediate prior quarter.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also rose.
What to watch
Revenue from both product and service lines contributed to the increase, with product revenue rising more sharply.