Leonardo DRS Q2 FY26 net earnings rise 59% to $86 million; revenue climbs 10% to $913 million
DRS•Bookings and backlog increase to record levels
Bookings grew to $1.1 billion, lifting funded backlog 17% year-over-year to a record $5.1 billion.
Q2 results rise across earnings, revenue and margins
Leonardo DRS posted Q2 2026 net earnings of $86 million, up 59% year-over-year; diluted EPS rose 60% to $0.32.
Revenue increased 10% from a year earlier to $913 million; net margin widened 2.9 percentage points to 9.4%.
Adjusted EBITDA (non-GAAP) climbed 33% to $128 million; adjusted diluted EPS rose 52% to $0.35.
2026 outlook raised and Raft acquisition announced
DRS raised 2026 adjusted EBITDA guidance to $525 million-$540 million, lifting adjusted diluted EPS to $1.34-$1.39; announced a $450 million Raft acquisition.
