Filing Flows › Leonardo DRS (DRS) › Q2 2026 › vs Q1 2026
Leonardo DRS (DRS) Q2 2026 vs Q1 2026 (quarter over quarter)
Leonardo DRS's revenue rose $67.0M (+8%) from $846M in Q1 2026 to $913M in Q2 2026. Gross margin 26.0% against 25.1% (+0.9 pts).
Leonardo DRS, Q2 2026: revenue $913M (+10% year over year), operating margin 11.2%, net earnings $86.0M, operating cash flow $35.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 26.0% | 25.1% | +0.9 pts |
| Operating margin | 11.2% | 9.1% | +2.1 pts |
| Net margin | 9.4% | 7.3% | +2.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $913M | $846M | $67.0M | +8% |
| Gross profit | $237M | $212M | $25.0M | +12% |
| Cost of revenue | $676M | $634M | $42.0M | +7% |
| Operating profit | $102M | $77.0M | $25.0M | +32% |
| Operating expenses | $135M | $135M | $0 | 0% |
| Pre-tax earnings | $100M | $77.0M | $23.0M | +30% |
| Net earnings | $86.0M | $62.0M | $24.0M | +39% |
| Income tax | $14.0M | $15.0M | −$1.0M | -7% |
| Depreciation & amortization | $26.0M | $24.0M | $2.0M | +8% |
| Share-based compensation | $7.0M | $4.0M | $3.0M | +75% |
| Working capital & other | $84.0M | $156M | −$72.0M | -46% |
| Operating cash flow | $35.0M | −$66.0M | $101M | — |
Questions
How much did Leonardo DRS's revenue grow quarter over quarter in Q2 2026?
Leonardo DRS's revenue rose $67.0M (+8%) from $846M in Q1 2026 to $913M in Q2 2026. Gross margin 26.0% against 25.1% (+0.9 pts).