Leonardo DRS Q1 revenue up 6% to $846M, net earnings up 24%, raises 2026 guidance

Leonardo DRS, Inc.

2026-Q1 EPS reported $0.23 revenue$846,000,000

Revenue $846M (+6% YoY); net earnings $62M (+24%); adjusted EBITDA $105M (+28%).
Diluted EPS $0.23 (+21% YoY); adjusted diluted EPS $0.26 (+30%).
Bookings $885M (book-to-bill 1.0x); funded backlog $4.7B (+8% YoY).
Company raises 2026 guidance across key metrics; declares $0.09/share dividend payable June 2.
CEO cites disciplined execution, program momentum, and sustained demand for differentiated technologies.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Leonardo DRS, Inc. reported first quarter ended March 31, 2026 results: revenue $846 million, net income $62 million, EPS $0.23. Guidance raised.

Period: first quarter ended March 31, 2026
Revenue: $846 million
Net income: $62 million
EPS: $0.23
Guidance: raised
Result: reported results

Exact text from the filing

Leonardo DRS Announces Financial Results for First Quarter 2026 • Revenue: $846 million, up 6% year-over-year • Net Earnings: $62 million, up 24% year-over-year • Adjusted EBITDA: $105 million, up 28% year-over-year • Diluted EPS: $0.23, up 21% year-over-year • Adjusted Diluted EPS: $0.26, up 30% year-over-year • Bookings: $885 million (book-to-bill ratio of 1.0x) • Funded Backlog: $4.7 billion, up 8% year-over-year • Raises 2026 guidance across key metrics

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Source: SEC EDGAR

accession 0001833756-26-000023

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