Leonardo SpA (FINMY) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 05, 2026

TBA (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.08

Last Year’s EPS

0.37

Same Quarter Last Year

Analyst Consensus

―

Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 25, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presents a strong operational and financial improvement story: double‑digit revenue and orders growth, meaningful EBITA expansion, record free operating cash flow above EUR 1 billion, and a large reduction in net debt. Strategic progress includes portfolio rationalization, digital/AI investments, scaled Cybersecurity and Space businesses, workforce transformation, and active M&A (Iveco, Aerostructures). Material challenges remain in Aerostructures (losses and turnaround work), translation/JV tax impacts (MBDA and DRS FX), TAS recovering, and execution/timing risk around the Iveco/Rheinmetall antitrust process and Aerostructures JV finalization. On balance, the highlights substantially outweigh the lowlights due to strong profitability, cash generation and balance sheet repair combined with clear strategic momentum.

Company Guidance

The call provided updated 2025 results that exceeded prior guidance and flagged that formal 2026 guidance will be presented on March 12: orders closed at EUR 23.8bn (vs guidance EUR 22–22.7bn; +14% YoY) with a backlog of EUR 47bn and a book‑to‑bill of 1.2; revenues were EUR 19.5bn (vs guidance EUR 18.6bn; +11% YoY); EBITA was EUR 1.75bn (vs guidance EUR 1.66bn; +18% YoY) with return on sales up to ~9.0% (from 8.4%, +60bps); free operating cash flow surpassed the EUR 1bn threshold (guidance EUR 0.92–0.98bn) with operating cash flow of EUR 2.3bn and capex around EUR 1bn; net debt fell to EUR 1.0bn (‑44% YoY, ‑67% from start of the mandate), group net position before JV/payables was roughly +EUR 1bn, and proceeds from the UAS sale were ~EUR 0.4bn. Division highlights included Cyber and Space at ~EUR 1bn orders each, Defense Electronics EBITA >EUR 1bn (ROS ~13%), Helicopter revenues +11% with 182 deliveries, Aerostructures FY loss ~EUR 130m but Q4 at breakeven aided by ~EUR 15–20m contingency release, cybersecurity +63% and space +90% YoY; longer‑term metrics: three‑year growth in orders ~+38% (to ~EUR 24bn), revenues +33% (to EUR 19.5bn), EBITA +44% (to EUR 1.75bn), FOCF +88% (to ~EUR 1bn), dividend up to EUR 0.52/sh (CAGR +275%) with a likely further increase (~+20% signaled), workforce 73k (+22%; net hires 17k; ~70% STEM, >30% women, 55% <30), R&D ~15% of revenues and innovation +20% YoY, and market cap cited near USD 34bn.

Orders Growth and Strong Backlog

Orders of EUR 23.8 billion in 2025, up ~14% year‑over‑year (from EUR 20.8 billion); book‑to‑bill ~1.2 and total backlog at EUR 47 billion. Management noted 3‑year orders growth of ~38% (from ~EUR 17 billion to ~EUR 24 billion).

Revenue Expansion

Revenues of EUR 19.5 billion in 2025, up ~11% year‑over‑year (from EUR 17.6 billion) and above updated guidance (EUR 18.6 billion); 3‑year revenue growth ~33% (EUR 14.7 billion to EUR 19.5 billion).

EBITA and Margin Improvement

EBITA increased to EUR 1.75 billion (+18% YoY vs EUR 1.48 billion) and return on sales improved by ~60 basis points (from 8.4% to ~9.0%), outperforming updated guidance (EBITA guidance EUR 1.66 billion).

Record Free Operating Cash Flow and Net Debt Reduction

Free operating cash flow exceeded the EUR 1 billion threshold (best ever), up strongly vs prior years (three‑year FOCF growth ~88% from EUR 0.5bn to EUR 1.0bn). Group net debt reduced by 44% YoY to ~EUR 1.0 billion (from EUR 1.8 billion) and down ~67% vs three years ago (EUR 3.0bn → EUR 1.0bn).

Strong Operational Execution Across Key Divisions

Double‑digit revenue growth across major divisions: Defense Electronics & Security, Helicopters (+11% revenues), Aeronautics (solid program performance), and Space (revenues/orders ~EUR 1.0 billion). Bookings growth was broad‑based with notable Aeronautics export wins (e.g., Kuwait support order).

Cybersecurity and Space Momentum

Cybersecurity orders and revenues scaled rapidly (orders now ~EUR 1.0 billion; revenues up ~63% YoY). Space revenues increased ~90% YoY; Space is now a standalone division with significant growth and improved TAS performance (TAS loss reduced from ~EUR 50m to ~EUR 23m).

Strategic Portfolio, Digital and AI Investments

Portfolio rationalization and strategic partnerships progressed (drones with Baykar, GCAP/Edgewing). R&D investment up ~20% YoY, R&D spend ~15% of revenues. Digital/AI/capacity investments include doubling compute/storage (daVinci‑2 supercomputer), ~2,200 people using AI and ~200 AI developers, and >300 capacity‑boost pilot programs.

Human Capital and Shareholder Returns

Workforce grew from ~50,000 to ~73,000 (+22%), with ~17,000 net hires over 3 years (~70% STEM, >30% women, ~55% under 30). Dividend per share increased from ~EUR 0.14 to EUR 0.52 (management highlighted multi‑year CAGR and intends a further ~20% increase subject to net income).

M&A / Industrial Expansion Progress

Iveco acquisition expected to close by March; initial integration and order backlog appear sound (truck margins ~12–13%). Aerostructures transaction progressed through due diligence (14 months, ~70 items assessed) with an intended 50/50 JV start and exclusivity through June; management expects a materially larger global aerostructures entity and positive 2026 impact once closed.

Leonardo SpA (FINMY) 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

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FINMY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 05, 2026	2026 (Q1)	0.08 / -	0.369	―	―	―
Feb 25, 2026	2025 (Q4)	0.47 / 0.56	0.46	20.65% (+0.10)
Nov 05, 2025	2025 (Q3)	0.16 / 0.18	0.14	29.29% (+0.04)
Jul 30, 2025	2025 (Q2)	0.13 / 0.12	0.074	66.22% (+0.05)
May 08, 2025	2025 (Q1)	0.09 / 0.37	0.418	-11.72% (-0.05)
Feb 20, 2025	2024 (Q4)	0.35 / 0.46	0.409	12.47% (+0.05)
Nov 07, 2024	2024 (Q3)	-0.04 / 0.14	0.075	86.67% (+0.07)
Jul 30, 2024	2024 (Q2)	0.16 / 0.07	0.153	-51.63% (-0.08)
May 07, 2024	2024 (Q1)	0.05 / 0.42	0.035	1094.29% (+0.38)
Feb 29, 2024	2023 (Q4)	0.37 / 0.41	0.246	66.26% (+0.16)

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

FINMY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 25, 2026	$34.83	$33.59	-3.56%
Nov 05, 2025	$29.32	$28.98	-1.13%
Jul 30, 2025	$27.57	$27.52	-0.18%
May 08, 2025	$27.00	$27.46	+1.72%

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 SpA (FINMY) report earnings?

Leonardo SpA (FINMY) is schdueled to report earning on May 05, 2026, TBA (Confirmed).

What is Leonardo SpA (FINMY) earnings time?

Leonardo SpA (FINMY) earnings time is at May 05, 2026, 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 FINMY EPS forecast?

FINMY EPS forecast for the fiscal quarter 2026 (Q1) is 0.08.