Lockheed Martin (LMT) Revenue — Quarter Ended Sep 24, 2023
Lockheed Martin reported a revenue increase for the quarter, driven by growth in both products and services. The company's top line rose compared to both the immediate prior quarter and the same period a year earlier.
Key takeaway
Quarter ended Sep 24, 2023 · FY2023 Q3
Lockheed Martin reported a revenue increase for the quarter, driven by growth in both products and services. The company's top line rose compared to both the immediate prior quarter and the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16.9B
Revenue reported for this quarter.
Quarter-over-quarter
+1.1%
Change from the immediately preceding quarter.
Year-over-year
+1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$67.7B
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 31, 2022 | $19B | +7.1% |
| Mar 26, 2023 | $15.1B | +1.1% |
| Jun 25, 2023 | $16.7B | +8.1% |
| Sep 24, 2023 | $16.9B | +1.8% |
Revenue performance
Revenue expanded versus the preceding quarter, reflecting continued momentum in the business. Compared to the same quarter one year ago, revenue also increased at a slightly faster pace.
Quarterly comparison
The sequential gain from the prior quarter and the year-over-year improvement both highlight steady revenue growth, though the rate of change was similar between the two periods.
What to watch
Revenue growth continued in the quarter, but no specific risk factors were cited in the filing that would alter the outlook.