Leonardo Drs, Inc. (DRS)
NASDAQ:DRS
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Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.27Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong financial quarter with clear operational momentum: revenue and profitability grew meaningfully (revenue +6%, adjusted EBITDA +28%, margin +210 bps), backlog hit record levels, and management raised full-year guidance across revenue, adjusted EBITDA and adjusted EPS. Positives from program execution, favorable material timing, contract wins (including a $533M DAIRCM IDIQ) and product innovation outweigh the main negatives—seasonal free cash outflow, short-term variability tied to timing of receipts and program execution, and budgetary uncertainty from Congress. Management is investing to capture demand, which pressures near-term cash conversion but supports growth and margin expansion.Company Guidance
Revenue Growth
Q1 revenue of $846 million, up 6% year-over-year, driven by tactical radars, infrared sensing and electric power & propulsion.
Strong Profitability Expansion
Adjusted EBITDA of $105 million, up 28% year-over-year; adjusted EBITDA margin of 12.4%, expanding 210 basis points year-over-year.
Improved Bottom-Line Results
Net earnings of $62 million (up 24% YoY) and diluted EPS of $0.23 (up 21% YoY). Adjusted net earnings of $69 million (up 28% YoY) and adjusted diluted EPS of $0.26 (up 30% YoY).
Record Backlog and Book-to-Bill Momentum
17th consecutive quarter with book-to-bill of at least 1x, with funded backlog reaching new company records, enhancing revenue visibility for the year.
Raised Full-Year Guidance
Full-year revenue guidance raised to $3.9B–$3.975B, implying organic growth of 7%–9%; adjusted EBITDA guidance raised to $515M–$530M; adjusted diluted EPS guidance raised to $1.26–$1.30 per share.
Segment Performance: ASC and IMS
ASC adjusted EBITDA increased 48% YoY with margin expansion of 290 basis points, reflecting tactical radar and sensing strength. IMS adjusted EBITDA increased 8% YoY with margin expansion of 90 basis points, driven in large part by Columbia Class execution.
Material and Mix Tailwinds
Favorable material receipt timing and improved raw material results (including germanium) contributed to revenue acceleration and margin expansion in Q1.
Significant Contract Wins & Product Innovation
Received a $533 million DAIRCM production contract IDIQ; launched THOR tactical high-performance embedded computing product and demonstrated counter-UAS capabilities on unmanned ground and surface vessels; investments in open architectures (SAGEcore) and next-gen sensing.
DRS Earnings History
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 |
|---|---|---|---|
May 05, 2026 | $40.00 | $39.70 | -0.75% |
Feb 24, 2026 | $38.07 | $43.74 | +14.89% |
Oct 29, 2025 | $40.00 | $38.26 | -4.36% |
Jul 30, 2025 | $47.88 | $42.95 | -10.29% |
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, Inc. (DRS) report earnings?
Leonardo Drs, Inc. (DRS) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Leonardo Drs, Inc. (DRS) earnings time?
Leonardo Drs, Inc. (DRS) earnings time is at Aug 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is 0.27.