Northrop Grumman (NOC) Revenue — Quarter Ended Mar 31, 2024
Revenue decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue decreased from the immediately preceding quarter but increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.1B
Revenue reported for this quarter.
Quarter-over-quarter
-4.7%
Change from the immediately preceding quarter.
Year-over-year
+8.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$40.1B
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, 2023 | $9.6B | +8.8% |
| Sep 30, 2023 | $9.8B | +9.0% |
| Dec 31, 2023 | $10.6B | +6.0% |
| Mar 31, 2024 | $10.1B | +8.9% |
Revenue performance
The sequential decline reflects a drop from the prior period, while the year-over-year gain indicates continued expansion.
Quarterly comparison
Compared to the prior quarter, revenue was lower; versus the same quarter last year, revenue was higher.
What to watch
Monitor whether the sequential decline reverses in the upcoming quarters.