Lockheed Martin (LMT) Revenue — Quarter Ended Mar 26, 2023
Lockheed Martin's revenue for the quarter decreased sharply from the previous quarter but edged higher than the same period last year. The sequential decline reflects a typical step-down from a strong prior quarter, while the year-over-year increase shows underlying demand remains positive.
Key takeaway
Quarter ended Mar 26, 2023 · FY2023 Q1
Lockheed Martin's revenue for the quarter decreased sharply from the previous quarter but edged higher than the same period last year. The sequential decline reflects a typical step-down from a strong prior quarter, while the year-over-year increase shows underlying demand remains positive.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.1B
Revenue reported for this quarter.
Quarter-over-quarter
-20.4%
Change from the immediately preceding quarter.
Year-over-year
+1.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$66.1B
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 |
|---|---|---|
| Jun 26, 2022 | $15.4B | -9.3% |
| Sep 25, 2022 | $16.6B | +3.5% |
| Dec 31, 2022 | $19B | +7.1% |
| Mar 26, 2023 | $15.1B | +1.1% |
Revenue performance
Revenue declined sequentially from the immediately preceding quarter, marking a notable drop. However, compared to the same quarter one year earlier, revenue posted a modest increase.
Quarterly comparison
The sequential decline was driven by a reversal from the prior quarter's elevated level, while the year-over-year improvement indicates sustained demand relative to the prior year period.
What to watch
Watch for whether the sequential revenue decline is a seasonal pattern or signals a softening in demand in upcoming quarters.