RTX (RTX) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was supported by higher sales in both products and services.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The sequential growth was supported by higher sales in both products and services.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$18.3B
Revenue reported for this quarter.
Quarter-over-quarter
+6.4%
Change from the immediately preceding quarter.
Year-over-year
+12.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$70.6B
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 |
|---|---|---|
| Sep 30, 2022 | $17B | +4.6% |
| Dec 31, 2022 | $18.1B | +6.2% |
| Mar 31, 2023 | $17.2B | +9.5% |
| Jun 30, 2023 | $18.3B | +12.3% |
Revenue performance
The reported revenue reflects a year-over-year increase, with services sales growing faster than products sales in absolute terms.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose, continuing the upward trend seen over the past several quarters. Versus the same quarter one year earlier, revenue was also higher, marking the largest year-over-year gain in the trailing four quarters.
What to watch
The company streamlined its business segments effective July 1, 2023, which may affect future revenue comparability.