RTX (RTX) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared with the same quarter one year earlier. However, it declined from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared with the same quarter one year earlier. 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
$17.2B
Revenue reported for this quarter.
Quarter-over-quarter
-4.9%
Change from the immediately preceding quarter.
Year-over-year
+9.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$68.6B
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 | $16.3B | +2.7% |
| Sep 30, 2022 | $17B | +4.6% |
| Dec 31, 2022 | $18.1B | +6.2% |
| Mar 31, 2023 | $17.2B | +9.5% |
Revenue performance
The reported revenue reflects a year-over-year increase, continuing the upward trend seen in prior quarters. The sequential decline from the prior quarter marks a reversal of the growth pattern observed in recent periods.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was higher.
What to watch
Monitor whether the sequential decline is a temporary fluctuation or the start of a new trend, given the prior quarters of consecutive growth.