L3Harris Technologies (LHX) Revenue — Quarter Ended Mar 29, 2024
The company reported higher revenue than the same quarter a year earlier, but the figure declined from the prior quarter.
Key takeaway
Quarter ended Mar 29, 2024 · FY2024 Q1
The company reported higher revenue than the same quarter a year earlier, but the figure declined from the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.2B
Revenue reported for this quarter.
Quarter-over-quarter
-2.4%
Change from the immediately preceding quarter.
Year-over-year
+16.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.2B
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 |
|---|---|---|
| Jun 30, 2023 | $4.7B | +13.5% |
| Sep 29, 2023 | $4.9B | +15.8% |
| Dec 29, 2023 | $5.3B | +16.6% |
| Mar 29, 2024 | $5.2B | +16.6% |
Revenue performance
Revenue grew year over year, reflecting continued demand, yet the sequential decrease marks a moderation from the previous period's pace.
Quarterly comparison
Compared with the immediately preceding quarter, revenue slipped, while it rose against the same quarter one year earlier.
What to watch
Monitor whether the sequential revenue decline persists or stabilizes in upcoming quarters.