General Dynamics (GD) Revenue — Quarter Ended Sep 29, 2024
Revenue declined from the prior quarter, but rose compared to the same quarter one year earlier. The sequential decrease followed a strong previous quarter, while the year-over-year increase continued the upward trend.
Key takeaway
Quarter ended Sep 29, 2024 · FY2024 Q3
Revenue declined from the prior quarter, but rose compared to the same quarter one year earlier. The sequential decrease followed a strong previous quarter, while the year-over-year increase continued the upward trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$11.7B
Revenue reported for this quarter.
Quarter-over-quarter
-2.5%
Change from the immediately preceding quarter.
Year-over-year
+10.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$46B
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, 2023 | $11.7B | +7.5% |
| Mar 31, 2024 | $10.7B | +8.6% |
| Jun 30, 2024 | $12B | +18.0% |
| Sep 29, 2024 | $11.7B | +10.4% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter, reflecting a sequential decline. However, it was higher than the same quarter a year ago, showing year-over-year growth.
Quarterly comparison
Compared with the prior quarter, revenue decreased, while compared with the same quarter one year earlier, revenue increased. The filing context did not provide specific reasons for these movements.
What to watch
Sequential revenue decline warrants attention, especially given the year-over-year growth and the context of the company's strong cash flow emphasis.