Lockheed Martin (LMT) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined relative to the prior quarter but rose compared to the same period a year ago. The company reported higher sales in both product and service lines year over year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined relative to the prior quarter but rose compared to the same period a year ago. The company reported higher sales in both product and service lines year over year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.2B
Revenue reported for this quarter.
Quarter-over-quarter
-8.9%
Change from the immediately preceding quarter.
Year-over-year
+13.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$69.6B
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 |
|---|---|---|
| Jun 25, 2023 | $16.7B | +8.1% |
| Sep 24, 2023 | $16.9B | +1.8% |
| Dec 31, 2023 | $18.9B | -0.6% |
| Mar 31, 2024 | $17.2B | +13.7% |
Revenue performance
Revenue performance was supported by growth in both product and service segments from the prior year. Despite the sequential decline, the year-over-year increase reflects sustained demand.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower; however, compared to the same quarter one year earlier, revenue was higher.
What to watch
The company's liquidity remains strong, with access to credit markets and no borrowings outstanding under its revolving credit facility.