L3Harris Technologies (LHX) Revenue — Quarter Ended Mar 28, 2025
Revenue for this quarter decreased compared to the immediately preceding quarter and the same quarter one year earlier. The decline was more pronounced on a sequential basis than on an annual basis.
Key takeaway
Quarter ended Mar 28, 2025 · FY2025 Q1
Revenue for this quarter decreased compared to the immediately preceding quarter and the same quarter one year earlier. The decline was more pronounced on a sequential basis than on an annual basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
-75.9%
Change from the immediately preceding quarter.
Year-over-year
-1.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$37B
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 28, 2024 | $5.3B | +12.9% |
| Sep 27, 2024 | $5.3B | +7.7% |
| Jan 3, 2025 | $21.3B | +299.3% |
| Mar 28, 2025 | $5.1B | -1.5% |
Revenue performance
The company's revenue decline was accompanied by negative contract adjustments that reduced earnings in the period. Revenue recognized from prior-period performance obligations was lower than in the same quarter last year.
Quarterly comparison
Compared to the prior quarter, revenue fell sharply, while the year-over-year decline was modest. Both comparisons reflect lower reported revenue.
What to watch
Monitor the conversion of the company's large backlog and the trajectory of contract adjustments in upcoming quarters.