Leonardo DRS Q3 Revenue Rises 11%; Raises 2026 Guidance
Revenue was $1.1 billion and net earnings rose 60% to $115 million. Adjusted diluted EPS increased 59% to $0.46; bookings were $1.6 billion, with a 1.5x book-to-bill ratio and record funded backlog of $5.6 billion.
Leonardo DRS, Inc. reported its financial results for the third quarter ended September 30, 2026, highlighting revenue of $1.1 billion, an 11% increase year-over-year. Net earnings rose 60% to $115 million, while adjusted diluted EPS grew 59% to $0.46. The company achieved $1.6 billion in bookings, resulting in a 1.5x book-to-bill ratio and a record funded backlog of $5.6 billion.
Management raised its 2026 guidance for revenue, adjusted EBITDA, and adjusted diluted EPS. Additionally, the board declared a cash dividend of $0.09 per share, payable on November 25, 2026, to stockholders of record as of November 12, 2026.