General Dynamics (GD) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the current quarter compared to both the previous quarter and the same quarter last year. Both product and service segments contributed to the rise.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the current quarter compared to both the previous quarter and the same quarter last year. Both product and service segments contributed to the rise.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$12B
Revenue reported for this quarter.
Quarter-over-quarter
+11.6%
Change from the immediately preceding quarter.
Year-over-year
+18.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$44.9B
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 1, 2023 | $10.6B | +6.0% |
| Dec 31, 2023 | $11.7B | +7.5% |
| Mar 31, 2024 | $10.7B | +8.6% |
| Jun 30, 2024 | $12B | +18.0% |
Revenue performance
The reported revenue reflects a sequential increase from the immediately preceding quarter and a larger year-over-year gain. The trailing twelve-month revenue also shows an upward trend.
Quarterly comparison
Compared to the prior quarter, revenue improved, reversing a decline seen in the earlier period. On a year-over-year basis, the growth was more pronounced, with both product and service lines contributing.
What to watch
The company's ability to sustain this growth momentum, particularly in light of its focus on cost control and capital deployment discussed in the filing, may be worth monitoring.