Earnings Releases·Oct 29, 2026, 7:29 AM ET

Leonardo DRS — Third Quarter 2026 Earnings Summary

Revenue grew 11% year-over-year to $1.066 billion, while net earnings surged 60% to $115 million and diluted EPS rose 65% to $0.43, driven by margin expansion to 10.8%.
The company raised full-year 2026 guidance for revenue to $3.950–$3.985 billion, Adjusted EBITDA to $545–$555 million, and Adjusted Diluted EPS to $1.50–$1.53, excluding the pending Raft LLC acquisition.
Total bookings reached a record $1.639 billion with a 1.5x book-to-bill ratio, pushing funded backlog to a record $5.640 billion, up 21% year-over-year.
Capital return activities included a $0.09 per share dividend declaration and $12 million in share repurchases, while total debt decreased to $175 million from $347 million at year-end 2025.