Northrop Grumman (NOC) Revenue — Quarter Ended Sep 30, 2024
Revenue for the reported quarter declined from the immediately preceding quarter but increased compared with the same quarter one year earlier. The sequential decrease followed a period of steady growth, while the year-over-year gain reflected continued expansion.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the reported quarter declined from the immediately preceding quarter but increased compared with the same quarter one year earlier. The sequential decrease followed a period of steady growth, while the year-over-year gain reflected continued expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10B
Revenue reported for this quarter.
Quarter-over-quarter
-2.2%
Change from the immediately preceding quarter.
Year-over-year
+2.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$41B
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 | $10.6B | +6.0% |
| Mar 31, 2024 | $10.1B | +8.9% |
| Jun 30, 2024 | $10.2B | +6.7% |
| Sep 30, 2024 | $10B | +2.3% |
Revenue performance
The reported revenue showed a sequential decline, indicating a reversal from the prior quarter's upward trajectory. On a year-over-year basis, revenue remained higher than the comparable period last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue decreased. However, compared with the same quarter one year earlier, revenue increased.
What to watch
The sequential decline in revenue warrants attention as it followed consecutive quarters of growth.