General Dynamics (GD) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter was up compared to the same quarter last year. However, it declined from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter was up compared to the same quarter last year. However, it declined from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.7B
Revenue reported for this quarter.
Quarter-over-quarter
-8.0%
Change from the immediately preceding quarter.
Year-over-year
+8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$43.1B
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 |
|---|---|---|
| Jul 2, 2023 | $10.2B | +10.5% |
| Oct 1, 2023 | $10.6B | +6.0% |
| Dec 31, 2023 | $11.7B | +7.5% |
| Mar 31, 2024 | $10.7B | +8.6% |
Revenue performance
The reported revenue reflects an increase over the prior-year same quarter, driven by higher product and services revenue.
Quarterly comparison
Compared to the preceding quarter, revenue decreased. Year-over-year, revenue was higher, continuing the positive trend seen in the past four quarters.
What to watch
The decline in sequential revenue may warrant attention in the context of generally rising trends over the prior year.