General Dynamics (GD) Revenue — Quarter Ended Oct 1, 2023
Revenue increased compared to both the prior quarter and the same quarter last year. The growth was supported by higher product and service sales.
Key takeaway
Quarter ended Oct 1, 2023 · FY2023 Q3
Revenue increased compared to both the prior quarter and the same quarter last year. The growth was supported by higher product and service sales.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.6B
Revenue reported for this quarter.
Quarter-over-quarter
+4.1%
Change from the immediately preceding quarter.
Year-over-year
+6.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$41.5B
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 | $10.9B | +5.4% |
| Apr 2, 2023 | $9.9B | +5.2% |
| Jul 2, 2023 | $10.2B | +10.5% |
| Oct 1, 2023 | $10.6B | +6.0% |
Revenue performance
The company reported higher revenue for the quarter, driven by increases in both product and service segments.
Quarterly comparison
Revenue rose from the immediately preceding quarter and also from the same quarter one year earlier. The sequential and year-over-year comparisons both show positive momentum.
What to watch
Monitor whether the growth in product and service revenue can be sustained in the coming quarters.