Leonardo DRS posts strong Q3 2026 results, raises FY2026 guidance and declares dividend
Leonardo DRS reported third‑quarter 2026 revenue of $1.1 billion, up 11% year‑over‑year, and adjusted EBITDA of $149 million, up 27%. The company posted a record funded backlog of $5.6 billion, a 21% increase, and bookings of $1.6 billion, giving a book‑to‑bill ratio of 1.5x. It raised its FY2026 revenue outlook to $3.95‑$3.985 billion and adjusted diluted EPS to $1.50‑$1.53, and declared a cash dividend of $0.09 per share.
Why it matters
The raised guidance signals higher expected earnings and cash flow for 2026, which may support a higher share price. The $0.09 dividend adds a direct return to shareholders, indicating confidence in cash generation.
Key facts
- 1Q3 2026 revenue was $1.1 billion, up 11% YoY. stocktitan.net
- 2Adjusted EBITDA for the quarter was $149 million, up 27% YoY. stocktitan.net
- 3Funded backlog reached a record $5.6 billion, up 21% YoY. stocktitan.net
- 4Quarterly bookings totaled $1.6 billion, producing a book‑to‑bill ratio of 1.5x. stocktitan.net
- 5Adjusted diluted EPS was $0.46. stocktitan.net
- 6FY2026 revenue guidance was raised to $3.95 billion‑$3.985 billion. investing.com
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.