Leonardo DRS Reports Strong Q2 Results with Revenue Growth and Raised Profit Outlook
Leonardo DRS reported second-quarter fiscal 2026 revenue of $913 million, a 10% increase year-over-year. Adjusted EBITDA rose sharply by 33% to $128 million, while adjusted EPS climbed 52% to $0.35. The company attributed the growth and profitability improvements to strong demand across its tactical radar, naval propulsion, infrared sensing, and force-protection programs. Leonardo DRS raised its full-year profit outlook for EBITDA to between $525 million–$540 million and adjusted EPS guidance to $1.34–$1.39 while maintaining a revenue forecast of $3.9 billion–$3.975 billion. The company also announced plans to acquire Raft, a mission-software provider focused on AI and data fusion, for $450 million in cash. The acquisition is expected to close by the fourth quarter and become accretive to adjusted EPS within its first full year of ownership.
Tickers: $DRS
Topics: acquisition_announcement adjusted_ebitda book_to_bill_ratio revenue_growth