L3Harris Technologies (LHX) Revenue — Quarter Ended Mar 31, 2023
Revenue in the most recent quarter declined from the immediately preceding quarter, yet increased compared to the same quarter one year earlier. The trailing twelve‑month revenue level remained solid.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue in the most recent quarter declined from the immediately preceding quarter, yet increased compared to the same quarter one year earlier. The trailing twelve‑month revenue level remained solid.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
-2.3%
Change from the immediately preceding quarter.
Year-over-year
+9.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.4B
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 1, 2022 | $4.1B | -11.4% |
| Sep 30, 2022 | $4.2B | +0.4% |
| Dec 30, 2022 | $4.6B | +5.2% |
| Mar 31, 2023 | $4.5B | +9.0% |
Revenue performance
The quarter’s revenue was lower than the prior quarter, indicating a sequential downturn. Year over year, however, revenue rose.
Quarterly comparison
Against the preceding quarter, revenue fell. Relative to the same quarter a year ago, revenue was higher.
What to watch
Watch for whether this sequential revenue decline reverses in upcoming quarters.