Leonardo DRS (DRS) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $0.35
- Estimate
- $0.27
- Surprise
- +27.6%
- Revenue (period 2026-06-30)
- $913.0M
- Score at report (before → after)
- 5.8 → 5.7/10
Revenue source: xbrl.
How the report landed
Leonardo DRS (DRS) beat the $0.27 estimate with adjusted EPS of $0.35 — a large 27.6% upside surprise. TrendMatrix's engine moved from Hold (5.8/10) to Buy (Wait) at 5.7/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates DRS Sell at 6.4/10.
3 of the last 4 quarters beat the estimate; this quarter's +27.6% surprise compares with a +18.0% four-quarter average. Next scheduled report: 2026-10-29.
What supports the rating
- Strong earnings beat streak (3/4)
- Strong growth profile
What argues against it
- Concentration risk — Customer: U.S. government (80.0%)
- Concentration risk — Supplier: sole-source component suppliers
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $37.41
- Price target
- $46.82
- Stop
- $35.35
- Upside to target
- +25.2%
- Reward-to-risk
- 4.1:1
The stock trades at 31.8× trailing but 25.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-24 — shown for context, not personalized investment advice.
DRS at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Aerospace & Defense
- Market cap
- $9.92B
- P/E (fwd)
- 25.3
- P/E (ttm)
- 31.8
- 52-week range
- $32.43–$50.59
- Off 52-week high
- 26.1%
- RSI (14)
- 54
- Volume vs avg
- 0.69×
- Score today
- 6.4/10