Leonardo DRS, Inc.

Q3 FY2026 EarningsQ3 FY26 beat consensus across all major metrics, with revenue of $1.07B (+11% YoY) slightly exceeding the $1.03B estimate. Profitability outperformed significantly, as Adjusted Diluted EPS reached $0.46 vs. $0.35 expected, driven by a lower-than-anticipated tax rate and strong operational leverage. The company achieved record bookings of $1.6B (1.5x book-to-bill) and a record funded backlog of $5.6B (+21% YoY). Consequently, management raised FY26 guidance for revenue, Adjusted EBITDA, and Adjusted Diluted EPS, signaling continued strength in defense technology demand.