Northrop Grumman (NOC) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter, but rose versus the same quarter one year earlier. The sequential decrease reflects a moderation from the prior quarter's level, while the year-over-year increase indicates continued expansion.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to the immediately preceding quarter, but rose versus the same quarter one year earlier. The sequential decrease reflects a moderation from the prior quarter's level, while the year-over-year increase indicates continued expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.3B
Revenue reported for this quarter.
Quarter-over-quarter
-7.3%
Change from the immediately preceding quarter.
Year-over-year
+5.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.1B
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 |
|---|---|---|
| Jun 30, 2022 | $8.8B | -3.8% |
| Sep 30, 2022 | $9B | +2.9% |
| Dec 31, 2022 | $10B | +16.1% |
| Mar 31, 2023 | $9.3B | +5.7% |
Revenue performance
The reported revenue moved lower from the prior quarter, marking a reversal of the strong sequential gain seen in the preceding period. Despite the quarterly dip, revenue remained above the level achieved in the same quarter last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue contracted, ending a streak of sequential increases. However, when measured against the same quarter one year earlier, revenue expanded, maintaining a year-over-year growth trajectory.
What to watch
The sequential decline in revenue following a strong prior quarter may warrant attention to the sustainability of near-term growth momentum.