NASDAQ$DRS

Leonardo Drs Inc · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Leonardo DRS Inc reported Q2 2025 revenue of $829 million and net earnings of $54 million.

The company achieved 10% year-over-year revenue growth to $829 million in the second quarter, driven by strong backlog execution across both segments. Operating earnings rose 27% to $70 million, supported by improved gross margins on electric power and propulsion programs. Net earnings increased 42% to $54 million, or $0.20 per diluted share.

  • Q2 revenue grew 10% year-over-year to $829 million with operating earnings up 27% to $70 million.
  • ASC segment revenue reached $542 million while IMS contributed $290 million in the quarter.
  • Total backlog stood at $8.6 billion with Q2 bookings of $853 million.
  • Cash and cash equivalents ended the quarter at $278 million after significant working capital investment.

Headline financials

Total Revenue

$829M

Previous: $753M+10.1%
EPS (adj)

$0.20

Previous: $0.14+42.9%
Bookings

$853M

Previous: $941M-9.4%
Backlog

$8.61B

Previous: $7.93B+8.6%
Capital Expenditures

-$60M

Previous: -$44M-36.4%
Net Income

$54M

Previous: $38M+42.1%
Operating Income

$70M

Previous: $55M+27.3%
Gross Profit

$197M

Previous: $169M+16.6%
Cash & Equivalents

$278M

Previous: $149M+86.6%
Total Assets

$4.08B

Previous: $3.82B+6.8%

Revenue & EPS history

Leonardo DRS · Revenue · Quarterly

$829M

Q2 2025+10.1%vs Q2 2024
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Revenue by segment

Leonardo DRS · $832M total across 2 segments · Q2 2025

  • Advanced Sensing and Computing
    $542M
  • Integrated Mission Systems
    $290M

Forward guidance

No forward guidance provided in the filing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+0.3%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+1.9%

Avg return

30 days after

52%

13 / 25 earnings

Positive

+12.4%

Q4 2025

Best reaction

-13.8%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-0.8%+3.3%+16.7%
Q4 2025+12.4%+13.8%+22.0%
Q3 2025-4.3%-8.9%-15.0%
Q1 2025+8.8%+12.1%+14.4%
Q4 2024+5.6%-0.7%+11.7%
Q3 2024+5.9%+11.0%+22.4%
Q2 2024+0.0%-6.0%+0.3%
Q1 2024-2.5%+0.1%+9.4%
Q4 2023+6.7%-4.0%-10.4%
Q3 2023+2.8%+1.3%-2.8%
Q2 2023+1.5%+5.3%+5.9%
Q1 2023+2.4%+5.2%+3.4%
Q4 2022-5.1%+0.9%+16.7%
Q3 2022-4.6%-10.6%-1.8%
Q2 2022-1.1%-5.3%-6.3%
Q1 2022+0.0%-0.4%+4.4%
Q4 2021-13.8%-14.1%-8.0%
Q4 2019-13.8%-14.1%-8.0%
Q3 2021+2.3%-0.4%-8.9%
Q3 2020+2.3%-0.4%-8.9%
Q2 2021-3.1%-0.5%-5.5%
Q2 2020-3.1%-0.5%-5.5%
Q1 2020+3.2%+4.5%+0.7%
Q4 2020+3.2%+4.5%+0.7%
Q1 2021+3.2%+4.5%+0.7%

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