Filing Flows › Leonardo DRS (DRS) › Guidance history
Leonardo DRS (DRS) guidance history: what it guided and what it reported
Leonardo DRS gave guidance in 12 earnings releases on file since Feb 27, 2024. Of 4 guided periods since reported, it met or beat its own guidance 3 times (75%). Revenue: 2 of 2, on average +2.0% against the guided midpoint. Its releases raised guidance 5 times and lowered it once.
Revenue
Met or beat 2 of 2 periods (2 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $3.9B–$4.0B (Feb 24, 2026) → raised $3.9B–$4.0B (May 5, 2026) → reaffirmed $3.9B–$4.0B (Jul 30, 2026) → raised $4.0B–$4.0B (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $3.4B–$3.5B (Feb 20, 2025) → reaffirmed $3.4B–$3.5B (May 1, 2025) → raised $3.5B–$3.6B (Jul 30, 2025) → raised $3.5B–$3.6B (Oct 29, 2025) | $3.6B | above the range | +2.0% |
| FY2024 | $2.8B (Feb 27, 2024) → raised $2.9B–$3.0B (May 1, 2024) → raised $3.1B–$3.2B (Jul 30, 2024) → raised $3.1B–$3.2B (Oct 30, 2024) | $3.2B | above the range | +1.9% |
| Q4 2024 | $926M (Feb 27, 2024) | — | — | — |
Tax rate
Met or beat 1 of 2 periods (1 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 18.5% (Feb 24, 2026) → reaffirmed 18.5% (May 5, 2026) → lowered 16.5% (Jul 30, 2026) → lowered 13.0% (Oct 29, 2026) | — | to be reported | — |
| FY2025 | 19.0% (Feb 20, 2025) → reaffirmed 19.0% (May 1, 2025) → reaffirmed 19.0% (Jul 30, 2025) → lowered 18.0% (Oct 29, 2025) | 17.3% | below the range | -0.7 pts |
| FY2024 | 22.5% (Feb 27, 2024) → reaffirmed 22.5% (May 1, 2024) → lowered 20.5% (Jul 30, 2024) → lowered 19.0% (Oct 30, 2024) | 19.3% | above the range | +0.3 pts |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $505M–$525M (Feb 24, 2026) → raised $515M–$530M (May 5, 2026) → raised $525M–$540M (Jul 30, 2026) → raised $545M–$555M (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $435M–$455M (Feb 20, 2025) → reaffirmed $435M–$455M (May 1, 2025) → reaffirmed $437M–$453M (Jul 30, 2025) → reaffirmed $437M–$453M (Oct 29, 2025) | — | — | — |
| FY2024 | $324M (Feb 27, 2024) → raised $365M–$390M (May 1, 2024) → raised $375M–$395M (Jul 30, 2024) → raised $387M–$397M (Oct 30, 2024) | — | — | — |
| Q4 2024 | $131M (Feb 27, 2024) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.20–$1.26 (Feb 24, 2026) → raised $1.26–$1.30 (May 5, 2026) → raised $1.34–$1.39 (Jul 30, 2026) → raised $1.50–$1.53 (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $1.02–$1.08 (Feb 20, 2025) → reaffirmed $1.02–$1.08 (May 1, 2025) → raised $1.06–$1.11 (Jul 30, 2025) → raised $1.07–$1.12 (Oct 29, 2025) | — | — | — |
| FY2024 | $0.73 (Feb 27, 2024) → raised $0.74–$0.82 (May 1, 2024) → raised $0.82–$0.88 (Jul 30, 2024) → raised $0.88–$0.91 (Oct 30, 2024) | — | — | — |
| Q4 2024 | $0.31 (Feb 27, 2024) | — | — | — |
The latest quarter
Leonardo DRS, Q3 2026: revenue $1.1B (+11% year over year), operating margin 10.9%, net earnings $115M, operating cash flow $96.0M. The chart follows the revenue to costs, profit and cash.
Questions
Does Leonardo DRS beat its guidance?
Leonardo DRS gave guidance in 12 earnings releases on file since Feb 27, 2024. Of 4 guided periods since reported, it met or beat its own guidance 3 times (75%). Revenue: 2 of 2, on average +2.0% against the guided midpoint.
How often does Leonardo DRS raise guidance?
Its earnings releases raised guidance 5 times and lowered it once since Feb 27, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.