Leonardo DRS Reports Record Q3 2026 Bookings and Raised Full-Year Guidance
Leonardo DRS (DRS) delivered strong third-quarter results for fiscal year 2026, characterized by an 11% year-over-year revenue increase to $1.066 billion and a significant 60% jump in net earnings to $115 million. The company achieved record quarterly bookings of $1.639 billion, the highest since its public debut, driven by robust demand in tactical radars, naval power, and space sensing segments. Driven by operational leverage and strong program execution, the company raised its full-year revenue and adjusted EBITDA guidance. Management also highlighted strategic expansions, including investments in a Dallas foundry and the acquisition of RAFT to bolster AI and data fusion capabilities. A growing funded backlog of $5.64 billion provides significant visibility into future revenue streams.
Tickers: $DRS
Topics: Bookings Dividends Guidance Raise Net Earnings Revenue Growth