Leonardo DRS Q2 revenue rises 10% to $913 million; raises 2026 profit guidance
Leonardo DRS reported second-quarter 2026 revenue of $913 million, up 10% year over year, and net earnings of $86 million, up 59%. The company raised its 2026 guidance for Adjusted EBITDA and Adjusted Diluted EPS and announced a $450 million acquisition of Raft, which the guidance excludes.
Key points
- Second-quarter revenue was $913 million, up 10%; diluted EPS was $0.32, up from $0.20 a year earlier
- Adjusted Diluted EPS guidance raised to $1.34 to $1.39 from $1.26 to $1.30; Adjusted EBITDA guidance raised to $525 million to $540 million from $515 million to $530 million
- Pending $450 million acquisition of Raft; the company said the guidance excludes this deal
- Quarterly cash dividend of $0.09 per share declared, payable August 27, 2026 to holders of record on August 13, 2026
The filing
Written by AI on Nov 9, 2026, 11:45 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.