---
schema_version: "secwatch.filing_event.v1"
accession: "0001833756-26-000023"
form_type: "8-K"
ticker: "DRS"
cik: "0001833756"
company_name: "Leonardo DRS, Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:32:57.792079+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001833756-26-000023
- form_type: 8-K
- ticker: DRS
- cik: 0001833756
- company_name: Leonardo DRS, Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833756/000183375626000023/0001833756-26-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833756/000183375626000023/drs-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001833756-26-000023
- JSON: https://secwatch.observer/filing/0001833756-26-000023.json
- Plain text: https://secwatch.observer/filing/0001833756-26-000023.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833756/000183375626000023/0001833756-26-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.