Northrop Grumman (NOC) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.2B
Revenue reported for this quarter.
Quarter-over-quarter
+0.8%
Change from the immediately preceding quarter.
Year-over-year
+6.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$40.8B
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 30, 2023 | $9.8B | +9.0% |
| Dec 31, 2023 | $10.6B | +6.0% |
| Mar 31, 2024 | $10.1B | +8.9% |
| Jun 30, 2024 | $10.2B | +6.7% |
Revenue performance
The reported revenue for the quarter was higher than the immediately preceding quarter, reflecting a slight sequential improvement. Compared with the same quarter one year earlier, revenue showed a stronger increase.
Quarterly comparison
Revenue rose from the prior quarter and also from the same quarter a year ago. The year-over-year comparison indicates a larger percentage gain than the sequential change.
What to watch
The sequential revenue growth was relatively small, suggesting a potential plateau in near-term momentum.