Leonardo DRS
Builds sensing, battlefield computing, force-protection, and naval power systems.
Something off on this page? Send us feedback.
Profile
Sells defense sensors, rugged computing, force-protection systems, and naval electric power through two operating segments. Most revenue comes directly or indirectly from U.S. government contracts, while Italian parent Leonardo remains the controlling shareholder.
Builds defense electronics across Advanced Sensing and Computing and Integrated Mission Systems. The portfolio covers tactical radar and other sensors, rugged battlefield computing, force-protection systems, and naval electric power and propulsion.
Serves mission programs concentrated in the United States, with most revenue tied directly or indirectly to U.S. government contracts. Decades of acquisitions broadened the original naval signal-processing business, while the RADA combination added tactical-radar capabilities and returned the shares to Nasdaq.
Operates as a U.S. defense contractor controlled by Italian aerospace group Leonardo. Sensitive and classified work is governed by Defense Department-related security arrangements that limit the foreign parent's control, while Navy and Army programs remain central customer dependencies.
Company facts
Categories
Key statistics
Year to date +10.9% · Average volume (30d) 819.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 6, 2026 | Canaccord Genuity | Reiterate | Buy | $54 | ||
| Feb 25, 2026 | Truist Financial | Target | $54 | $59 | ||
| Feb 25, 2026 | Morgan Stanley | Target | $40 | $47 | ||
| Jan 9, 2026 | Truist Financial | Target | $37 | $54 | ||
| Dec 16, 2025 | Morgan Stanley | Target | $26 | $40 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.27 | $0.35 | +28.3% | $903.3M | $913.0M | +1.1% | −1.98% |
| May 5, 2026Q1 FY26 | $0.21 | $0.26 | +23.8% | $825.0M | $846.0M | +2.5% | +5.26% |
| Feb 24, 2026Q4 FY25 | $0.37 | $0.42 | +13.5% | $994.8M | $1.06B | +6.5% | −3.33% |
| Oct 29, 2025Q3 FY25 | $0.28 | $0.29 | +3.6% | $996.5M | $960.0M | −3.7% | −6.19% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $799.0M | $829.0M | $960.0M | $1.06B | $846.0M | $913.0M | |
| Gross profit | $181.0M | $197.0M | $222.0M | $269.0M | $212.0M | $237.0M | |
| Operating income | $59.0M | $70.0M | $93.0M | $126.0M | $77.0M | $102.0M | |
| Net income | $50.0M | $54.0M | $72.0M | $102.0M | $62.0M | $86.0M | |
| Diluted EPS | $0.19 | $0.20 | $0.27 | $0.38 | $0.23 | $0.32 | |
| Gross margin | 22.7% | 23.8% | 23.1% | 25.4% | 25.1% | 26.0% | |
| Operating margin | 7.4% | 8.4% | 9.7% | 11.9% | 9.1% | 11.2% |
Fiscal years (4-quarter sums)FY21 $2.88B · FY22 $2.69B · FY23 $2.83B · FY24 $3.23B · FY25 $3.65B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $270.0M · Total debt $267.0M · Total assets $4.20B · Shareholders' equity $2.80B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Aug 27 | $0.09 | |
| May 19, 2026 | May 19 | Jun 2 | $0.09 | |
| Mar 10, 2026 | Mar 10 | Mar 24 | $0.09 | |
| Nov 18, 2025 | Nov 18 | Dec 2 | $0.09 | |
| Aug 20, 2025 | Aug 20 | Sep 3 | $0.09 | |
| May 22, 2025 | May 22 | Jun 5 | $0.09 | |
| Mar 13, 2025 | Mar 13 | Mar 27 | $0.09 |
Ownership
Shares outstanding 266.89M · Float 76.18M · 28.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.99M | 1.87% | 13F | Aug 7, 2026 |
| State Street Corp | 4.51M | 1.69% | 13F | Aug 7, 2026 |
| AQR Capital Management LLC | 4.43M | 1.66% | 13F | Aug 14, 2026 |
| Vanguard Portfolio Management LLC | 3.61M | 1.35% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 3.57M | 1.34% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 4, 2026 | Jason Rinsky | officer: EVP Chief Tax and Treasury | −3,864 | $45.81 |
| Jul 7, 2026 | Jason Rinsky | officer: EVP Chief Tax and Treasury | −3,865 | $45.37 |
| Jun 18, 2026 | John Baylouny | director, officer: President and CEO | −36,471 | $45.67 |
| Jun 11, 2026 | Sally Wallace | officer: EVP, Chief Operating Officer | −1,300 | $50.00 |
| Jun 8, 2026 | Michael Dippold | officer: EVP and CFO | −8,318 | $46.48 |
Peers
- L3Harris Technologies
Broad defense-electronics rival in sensing, computing and naval systems
- RTX
Global aerospace and defense supplier spanning sensors, networks and power
- Elbit Systems
Defense technologist spanning C4ISR, sensing, EW and land systems
- Teledyne Technologies
Military EO/IR, vehicle vision, tactical radar and counter-UAS rival
- Northrop Grumman
Defense prime overlapping in sensors, mission systems and naval power
- Curtiss-Wright
Rival in rugged defense computing and tactical-edge communications
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Leonardo DRS | $38.60 | +0.08% | $10.29B | 32.1 | 29.0 | 2.7 | +10.1% |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Elbit Systems | $708.68 | −0.18% | $33.20B | 53.0 | — | 3.9 | +15.9% |
| Teledyne Technologies | $621.96 | +0.02% | $28.83B | 30.0 | 24.4 | 4.5 | +9.8% |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| Curtiss-Wright | $596.37 | −0.07% | $22.03B | 41.0 | 36.9 | 6.0 | +5.4% |
| Median | 33.7 | 24.4 | 3.5 | +9.1% |