Earnings ·
Leonardo DRS, Inc. reported second quarter 2026 financial results with revenue of $913 million, up 10% year-over-year…
DRSLeonardo DRS, Inc.
Leonardo DRS, Inc. reported second quarter 2026 financial results with revenue of $913 million, up 10% year-over-year, and net earnings of $86 million, a 59% increase. Diluted EPS rose to $0.32 from $0.20, while Adjusted EBITDA grew 33% to $128 million. The company secured $1.1 billion in new bookings, bringing the funded backlog to a record $5.1 billion. Management increased full-year 2026 guidance for Adjusted EBITDA to $525–$540 million and Adjusted Diluted EPS to $1.34–$1.39. Additionally, Leonardo DRS announced a $450 million acquisition of Raft to expand its AI and mission software capabilities. The company operates in the defense technology industry, providing advanced sensing, computing, and mission-critical systems.