Lockheed Martin (LMT) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the quarter, driven by higher net sales in both products and services. The growth was evident compared to both the preceding quarter and the same period a year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the quarter, driven by higher net sales in both products and services. The growth was evident compared to both the preceding 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
$18.1B
Revenue reported for this quarter.
Quarter-over-quarter
+5.4%
Change from the immediately preceding quarter.
Year-over-year
+8.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$71.1B
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 |
|---|---|---|
| Sep 24, 2023 | $16.9B | +1.8% |
| Dec 31, 2023 | $18.9B | -0.6% |
| Mar 31, 2024 | $17.2B | +13.7% |
| Jun 30, 2024 | $18.1B | +8.6% |
Revenue performance
The company reported higher revenue, reflecting improved sales across its business segments.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose, and versus the same quarter one year ago, revenue also showed an increase.
What to watch
Monitor cash flow from operations and contract funding, as costs incurred in excess of obligations may affect liquidity.