Quarterly ResultJul 30, 2026, 07:31 AM
Leonardo DRS Q2 Revenue $913M, EPS $0.32; Raises 2026 Guidance
AI Summary
Leonardo DRS reported strong second-quarter 2026 financial results, with revenue up 10% to $913 million and diluted EPS increasing 60% to $0.32. The company also announced the $450 million acquisition of Raft to expand its multi-domain AI, data fusion, and mission software capabilities. Based on its strong first-half performance, Leonardo DRS raised its 2026 guidance for Adjusted EBITDA and Adjusted Diluted EPS. Additionally, a cash dividend of $0.09 per share was declared.
Key Highlights
- Revenue: $913 million, up 10% year-over-year.
- Net Earnings: $86 million, up 59% year-over-year.
- Diluted EPS: $0.32, up 60% year-over-year.
- Announced $450 million acquisition of Raft, expanding AI capabilities.
- Increased 2026 guidance for Adjusted EBITDA and Adjusted Diluted EPS.
- Record Funded Backlog: $5.1 billion, up 17% year-over-year.
- Bookings: $1.1 billion, with a book-to-bill ratio of 1.2x.
- Declared cash dividend of $0.09 per share.
Price Impact
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