Leonardo DRS, Inc. · DRS · Next earnings

Leonardo DRS, Inc. reports Tuesday, Feb 23, 2027

DRS reports before market open with consensus EPS at $0.44 and revenue at $1.16B. Last quarter: Leonardo DRS raises FY26 outlook as backlog reaches $5.6 billion

Reports Before market open116 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $0.44 Calendar consensus
Consensus revenue $1.16B Calendar consensus
Report date Feb 23, 2027 Tuesday, date estimated
Session Before market open 116 days away

Where DRS left off: FY2026 Q3

Full report

Leonardo DRS raises FY26 outlook as backlog reaches $5.6 billion

EPS surprise +30.0% Reported $0.46 vs $0.35
Revenue surprise +3.6% Reported $1.07B vs $1.03B
Stock move +11.7% Event window
Subsequent drift 0.0% Up to 20 sessions

FY26 revenue outlook was raised to $3.95-$3.985 billion and adjusted EBITDA outlook to $545-$555 million.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • An extended Continuing Resolution could affect FY27 budgeting.
  • Supply-chain and material constraints could pressure delivery and margins.
  • RAFT remains subject to regulatory approvals and integration execution.

Questions analysts left open

  • Whether mid-teens IMS margins are sustainable.
  • How mix changes may affect future ASC margin expansion.
  • Timing and financial impact of the RAFT acquisition.

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Recent DRS quarters

All DRS earnings
+11.7%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.