Lockheed Martin (LMT) Revenue — Quarter Ended Sep 29, 2024
Revenue in the reported quarter rose compared to the same period last year. However, it declined from the immediately preceding quarter.
Key takeaway
Quarter ended Sep 29, 2024 · FY2024 Q3
Revenue in the reported quarter rose compared to the same period last year. However, it declined from the immediately preceding quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.1B
Revenue reported for this quarter.
Quarter-over-quarter
-5.6%
Change from the immediately preceding quarter.
Year-over-year
+1.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$71.3B
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, 2023 | $18.9B | -0.6% |
| Mar 31, 2024 | $17.2B | +13.7% |
| Jun 30, 2024 | $18.1B | +8.6% |
| Sep 29, 2024 | $17.1B | +1.3% |
Revenue performance
Year-over-year growth was driven by higher product sales, which offset a decline in services revenue. Gross profit also improved relative to the prior year.
Quarterly comparison
When compared with the immediately preceding quarter, revenue contracted. Versus the same quarter one year ago, revenue expanded modestly.
What to watch
Future revenue may be influenced by the timing of government funding and contract awards.