Leonardo DRS Q2 FY26 net earnings rise 59% to $86 million; revenue climbs 10% to $913 million
Reuters2026/07/30 11:45- Leonardo DRS posted Q2 2026 net earnings of USD 86 million, up 59% year-over-year; diluted EPS rose 60% to USD 0.32.
- Revenue increased 10% from a year earlier to USD 913 million; net margin widened 2.9 percentage points to 9.4%.
- Adjusted EBITDA (non-GAAP) climbed 33% to USD 128 million; adjusted diluted EPS rose 52% to USD 0.35.
- Bookings grew to USD 1.1 billion, lifting funded backlog 17% year-over-year to a record USD 5.1 billion.
- DRS raised 2026 adjusted EBITDA guidance to USD 525 million-USD 540 million, lifting adjusted diluted EPS to USD 1.34-USD 1.39; announced a USD 450 million Raft acquisition.
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