Leonardo DRS Announces Financial Results for Third Quarter 2026
Leonardo DRS posted Q3 2026 revenue of $1.07 billion, up 11% year-over-year, with net earnings of $115 million up 60% and diluted EPS of $0.43 up 65%. Bookings hit $1.6 billion for a 1.5x book-to-bill — the strongest since going public — and record funded backlog reached $5.6 billion, up 21%. The company raised full-year 2026 guidance across revenue ($3,950M-$3,985M), Adjusted EBITDA ($545M-$555M) and Adjusted Diluted EPS ($1.50-$1.53), and declared a $0.09 dividend.
Key figures
- Eps
- 0.43
- Revenue
- 1066000000
- Guidance
- 2026 Revenue $3,950M-$3,985M (from $3,900M-$3,975M); Adjusted EBITDA $545M-$555M (from $525M-$540M); Adjusted Diluted EPS $1.50-$1.53 (from $1.34-$1.39); tax rate 13.0%
- Revenue Yoy
- 11%
- Fcf
- 61000000
- Cash
- 294000000
- Bookings
- 1639000000
- Book to bill
- 1.5x
- Net earnings
- 115000000
- Funded backlog
- 5640000000
- Adjusted ebitda
- 149000000
- Dividend per share
- 0.09
- Shares repurchased
- $12 million (288,633 shares)
- Operating cash flow
- 96000000
- Adjusted diluted eps
- 0.46
- Adjusted ebitda margin
- 14.0%
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