Leonardo DRS Q3 EPS $0.46 beats, raises FY2026 guidance

Leonardo DRS reported Q3 2026 revenue of $1.1 billion, up 11% year-over-year, with net earnings up 60% to $115 million and adjusted diluted EPS up 59% to $0.46. It achieved $1.6 billion in bookings (1.5x book-to-bill) and a record $5.6 billion funded backlog, and raised its 2026 guidance for revenue, adjusted EBITDA and adjusted diluted EPS.

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