L3Harris Technologies (LHX) Revenue — Quarter Ended Sep 27, 2024
Revenue for the third fiscal quarter was essentially flat compared to the prior quarter, with a very slight decline. However, compared to the same quarter last year, revenue showed a solid increase.
Key takeaway
Quarter ended Sep 27, 2024 · FY2024 Q3
Revenue for the third fiscal quarter was essentially flat compared to the prior quarter, with a very slight decline. However, compared to the same quarter last year, revenue showed a solid increase.
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
-0.1%
Change from the immediately preceding quarter.
Year-over-year
+7.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$21.1B
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 29, 2023 | $5.3B | +16.6% |
| Mar 29, 2024 | $5.2B | +16.6% |
| Jun 28, 2024 | $5.3B | +12.9% |
| Sep 27, 2024 | $5.3B | +7.7% |
Revenue performance
The company's revenue performance reflects stable demand, holding near the level of the preceding quarter. The year-over-year improvement indicates continued growth relative to the prior year period.
Quarterly comparison
Sequentially, revenue edged down by a negligible amount from the immediately prior quarter. On an annual basis, revenue increased compared to the same quarter one year earlier.
What to watch
Monitor the conversion of the company's large backlog into revenue over the next twelve months, as noted in the management discussion.