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Leonardo Drs ( (DRS) ) has issued an announcement.
On May 5, 2026, Leonardo DRS reported first-quarter 2026 results showing revenue of $846 million, up 6% year over year, with net earnings rising 24% to $62 million and adjusted EBITDA climbing 28%, driven by strong execution in tactical radars, infrared sensing, and electric power and propulsion programs. Earnings per share and margins improved, cash outflows narrowed versus 2025, bookings of $885 million kept the book-to-bill at 1.0x, funded backlog grew 8% to $4.7 billion, guidance for 2026 was raised, and the company continued shareholder returns through a $0.09 per-share dividend and share repurchases, supported by $328 million in cash and no borrowings on its credit facility.
The most recent analyst rating on (DRS) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Leonardo Drs stock, see the DRS Stock Forecast page.
Spark’s Take on DRS Stock
According to Spark, TipRanks’ AI Analyst, DRS is a Outperform.
The score is driven primarily by solid financial fundamentals (growth and a low-leverage balance sheet) and strong technical momentum. This is partly offset by a premium valuation and the fundamental risks highlighted on the call—profitability/cash conversion variability, supply-chain material pressure, and near-term margin drag from elevated R&D and CapEx—even though 2026 guidance and backlog visibility are constructive.
To see Spark’s full report on DRS stock, click here.
More about Leonardo Drs
Leonardo DRS, Inc. is a leading U.S. defense technology company that provides advanced tactical radar systems, infrared sensing solutions, and electric power and propulsion technologies. The company focuses on supplying differentiated capabilities to support critical military missions, underpinned by a sizable funded backlog and a solid balance sheet that offers flexibility for growth and capital returns.
Average Trading Volume: 1,139,997
Technical Sentiment Signal: Buy
Current Market Cap: $10.64B
For detailed information about DRS stock, go to TipRanks’ Stock Analysis page.