The earnings call highlighted strong financial performance with significant revenue and profitability growth, driven by robust bookings and backlog. The positive defense funding environment provides additional opportunities for growth. However, challenges such as germanium supply constraints and trade risks present potential headwinds. Overall, the positive aspects outweigh the challenges.

Company Guidance -

Q3 2025

During the call, Leonardo DRS, Inc. provided guidance for the full fiscal year 2025, anticipating revenue growth between 9% and 11%, translating to a range of $3.525 to $3.6 billion. The company reported a book-to-bill ratio greater than 1.0 for the quarter, with $853 million in bookings and a total backlog of $8.6 billion, marking a 9% year-over-year increase. Adjusted EBITDA for the second quarter rose by 17% to $96 million, with a margin expansion of 70 basis points to 11.6%. Adjusted diluted EPS increased by 28% to $0.23. The company remains focused on executing its strategy amid a complex macro environment, with plans to mitigate germanium supply chain issues by 2026. Additionally, Leonardo DRS, Inc. expects opportunities from the newly enacted One Big Beautiful Bill Act, which includes $150 billion in defense funding, potentially benefiting from initiatives such as shipbuilding and missile defense. The company also noted international sales growth driven by NATO commitments and ongoing geopolitical tensions.

Strong Bookings and Backlog Growth

Secured $853 million in bookings with a 1.0 book-to-bill ratio for the quarter, and a total backlog of $8.6 billion, which is a 9% year-over-year increase.

Increased Revenue Growth Expectations

Increased full-year revenue growth expectations to 9% to 11%, with solid double-digit organic revenue growth.

Profitability and Margin Expansion

Adjusted EBITDA increased by 17%, margin expanded by 70 basis points, and adjusted diluted EPS was up 28%.

Positive Defense Funding Environment

New legislation includes $150 billion in defense funding with $113 billion front-loaded into FY '26, representing significant opportunities for Leonardo DRS, Inc.

Strong Performance in Electric Power and Propulsion

The electric power and propulsion segment continues to perform exceptionally well, contributing to top-line growth and margin expansion.

Leonardo Drs (DRS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DRS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.28 / -	0.24	―	―	―
Jul 30, 2025	2025 (Q2)	0.21 / 0.23	0.18	27.78% (+0.05)
May 01, 2025	2025 (Q1)	0.17 / 0.20	0.14	42.86% (+0.06)
Feb 20, 2025	2024 (Q4)	0.35 / 0.38	0.31	22.58% (+0.07)
Oct 30, 2024	2024 (Q3)	0.20 / 0.24	0.2	20.00% (+0.04)
Jul 30, 2024	2024 (Q2)	0.14 / 0.18	0.15	20.00% (+0.03)
May 01, 2024	2024 (Q1)	0.12 / 0.14	0.07	100.00% (+0.07)
Feb 27, 2024	2023 (Q4)	0.30 / 0.31	0.35	-11.43% (-0.04)
Nov 02, 2023	2023 (Q3)	0.15 / 0.20	0.08	150.00% (+0.12)
Aug 02, 2023	2023 (Q2)	0.11 / 0.15	-0.09	266.67% (+0.24)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DRS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$48.09	$43.14	-10.29%
May 01, 2025	$36.80	$40.05	+8.83%
Feb 20, 2025	$29.32	$30.97	+5.63%
Oct 30, 2024	$28.19	$31.41	+11.42%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Leonardo DRS (DRS) report earnings?

Leonardo DRS (DRS) is schdueled to report earning on Oct 30, 2025, TBA (Confirmed).

What is Leonardo DRS (DRS) earnings time?

Leonardo DRS (DRS) earnings time is at Oct 30, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DRS EPS forecast?

DRS EPS forecast for the fiscal quarter 2025 (Q3) is 0.28.

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