The earnings call reflected strong revenue and bookings growth, positive financial performance, and beneficial opportunities from defense legislation, despite challenges related to germanium supply and tariff uncertainties. The company's raised guidance indicates confidence in continued growth.

Company Guidance -

Q3 2025

During the second quarter of fiscal year 2025, Leonardo DRS, Inc. reported strong financial performance, achieving $853 million in bookings, a 1.0 book-to-bill ratio, and a 9% increase in total backlog to $8.6 billion. The company delivered double-digit organic revenue growth, with revenue reaching $829 million, marking a 10% year-over-year increase. Adjusted EBITDA rose by 17% to $96 million, with margins expanding by 70 basis points to 11.6%. Adjusted diluted EPS increased by 28%, reaching $0.23 per share. The company revised its full-year revenue growth expectations to 9% to 11% and adjusted EBITDA guidance to $437-$453 million, driven by strong demand, particularly in the electric power and propulsion, advanced infrared sensing, and naval network computing segments. Despite challenges such as germanium supply issues, Leonardo DRS remains focused on disciplined execution and is optimistic about future growth, buoyed by favorable defense funding legislation and increasing global defense spending.

Strong Revenue and Bookings Growth

Q2 revenue was $829 million, a 10% increase year-over-year. The company secured $853 million in bookings, maintaining a 1.0 book-to-bill ratio, with total backlog rising 9% year-over-year to $8.6 billion.

Positive Financial Performance

Adjusted EBITDA increased by 17%, with a margin expansion of 70 basis points. Adjusted diluted EPS rose by 28%, reflecting strong core operating performance and reduced interest expense.

Revised Full-Year Guidance

Leonardo DRS, Inc. raised its full-year revenue growth expectations to 9% to 11%, with a revised revenue range of $3.525 to $3.6 billion, and adjusted EBITDA range between $437 and $453 million.

Opportunities from Defense Legislation

The One Big Beautiful Bill Act includes $150 billion in defense funding, presenting significant opportunities for Leonardo DRS, Inc., with emphasis on shipbuilding, air and missile defense, and electronic warfare.

International Demand Growth

Global defense spending is rising, with NATO members targeting 5% of GDP for national security, supporting international demand for Leonardo DRS, Inc.'s differentiated capabilities.

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	$48.20	$43.24	-10.29%
May 01, 2025	$36.88	$40.14	+8.84%
Feb 20, 2025	$29.39	$31.04	+5.61%
Oct 30, 2024	$28.26	$31.48	+11.39%

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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