Lockheed Martin (LMT) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased strongly compared to the prior quarter but showed a slight decrease from the same period a year ago. This indicates a mixed performance with sequential growth tempered by a marginal year-over-year decline.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased strongly compared to the prior quarter but showed a slight decrease from the same period a year ago. This indicates a mixed performance with sequential growth tempered by a marginal year-over-year decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$18.9B
Revenue reported for this quarter.
Quarter-over-quarter
+11.8%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$67.6B
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 |
|---|---|---|
| Mar 26, 2023 | $15.1B | +1.1% |
| Jun 25, 2023 | $16.7B | +8.1% |
| Sep 24, 2023 | $16.9B | +1.8% |
| Dec 31, 2023 | $18.9B | -0.6% |
Revenue performance
Revenue improved notably from the preceding quarter, reflecting higher activity levels. However, relative to the same quarter a year earlier, revenue edged lower.
Quarterly comparison
The sequential increase represents a robust quarter-over-quarter performance, while the year-over-year decline points to a slight reduction compared to the prior year's level.
What to watch
Given the slight year-over-year decline, watch for whether the sequential revenue momentum can be maintained in upcoming quarters.