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Leonardo DRS, Inc. DRS Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$846.0MBeat by $21.0M
EPS$0.26Beat by $0.05
Revenue estimate$825.0M
EPS estimate$0.21

Next report

Oct 29, 2026 (in a month)
Revenue estimate$1.0B
EPS estimate$0.35

Financials

Q1 2026

Income statement

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Revenue$846.0M+5.9%
Gross profit$212.0M+17.1%
Operating income$77.0M+30.5%
Net income$62.0M+24.0%
EPS (diluted)$0.23+21.1%

Balance sheet

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Cash & equivalents$328.0M-13.7%
Total debt$170.0M-53.7%
Total equity$2.8B+7.7%
Total assets$4.2B+2.8%

Cash flow

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Operating cash flow-$66.0M+52.2%
CapEx$30.0M-6.3%
Free cash flow-$96.0M+43.5%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$11.84B+35.8%
Enterprise value$11.68B+34.1%
P/E40.8×+3.6×
P/S3.2×+0.6×

Profitability

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Gross margin24.4%+1.5pp
Operating margin9.9%+0.7pp
Net margin7.8%+0.9pp
FCF margin8.1%—

Returns & leverage

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Return on equity10.9%+1.4pp
Debt / equity0.1×-0.1×
Current ratio1.9×-0.2×

Segments

By segment

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ASC$559.0M+9.4%
IMS$295.0M+1.4%

By geography

See full
International$98.0M+66.1%

FAQ

When did Leonardo DRS, Inc. report Q1 2026 earnings?
Leonardo DRS, Inc. (DRS) reported Q1 2026 earnings on May 5, 2026 before market open.
What were Leonardo DRS, Inc.'s Q1 2026 revenue and EPS?
Leonardo DRS, Inc. reported revenue of $846.0M and eps of $0.26 for Q1 2026.
Did Leonardo DRS, Inc. beat estimates in Q1 2026?
Revenue beat the consensus estimate of $825.0M by $21.0M. EPS beat the consensus estimate of $0.21 by $0.05.
How did Leonardo DRS, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.9% from $799.0M a year earlier and eps grew 30.0% from $0.20.
Where can I find Leonardo DRS, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001833756-26-000023) and the 10-Q periodic report (0001833756-26-000025) directly on SEC EDGAR. The filing index links above go to sec.gov.