RTX (RTX) Revenue — Quarter Ended Sep 30, 2023
Revenue declined sharply in the current quarter. The decrease was driven by lower product sales, while service sales increased.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined sharply in the current quarter. The decrease was driven by lower product sales, while service sales increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$13.5B
Revenue reported for this quarter.
Quarter-over-quarter
-26.5%
Change from the immediately preceding quarter.
Year-over-year
-20.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$67.1B
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 |
|---|---|---|
| Dec 31, 2022 | $18.1B | +6.2% |
| Mar 31, 2023 | $17.2B | +9.5% |
| Jun 30, 2023 | $18.3B | +12.3% |
| Sep 30, 2023 | $13.5B | -20.6% |
Revenue performance
Reported revenue fell compared to both the prior quarter and the same quarter last year. The drop was steeper sequentially than on an annual basis.
Quarterly comparison
Revenue was lower than the immediately preceding quarter and also below the same quarter one year earlier. The sequential decline was more pronounced than the year-over-year decline.
What to watch
The significant drop in product sales warrants attention in upcoming filings.