L3Harris Technologies (LHX) Revenue — Quarter Ended Jun 28, 2024
L3Harris reported higher revenue for the quarter, with increases relative to both the immediate prior period and the year-ago period. The growth rate on an annual basis was notably higher than the sequential movement.
Key takeaway
Quarter ended Jun 28, 2024 · FY2024 Q2
L3Harris reported higher revenue for the quarter, with increases relative to both the immediate prior period and the year-ago period. The growth rate on an annual basis was notably higher than the sequential movement.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.3B
Revenue reported for this quarter.
Quarter-over-quarter
+1.7%
Change from the immediately preceding quarter.
Year-over-year
+12.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.8B
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 |
|---|---|---|
| Sep 29, 2023 | $4.9B | +15.8% |
| Dec 29, 2023 | $5.3B | +16.6% |
| Mar 29, 2024 | $5.2B | +16.6% |
| Jun 28, 2024 | $5.3B | +12.9% |
Revenue performance
Revenue rose sequentially, recovering from a dip in the previous quarter, and demonstrated robust year-over-year expansion. The company maintains a sizable order backlog.
Quarterly comparison
Relative to the prior quarter, revenue edged higher. Compared to the same quarter one year earlier, the gain was more substantial.
What to watch
Future revenue trends will depend on the conversion of the company's backlog and the timing of government contract awards.