Filing Flows › Leonardo DRS (DRS) › Q2 2026 › vs Q2 2025
Leonardo DRS (DRS) Q2 2026 vs Q2 2025 (year over year)
Leonardo DRS's revenue rose $84.0M (+10%) from $829M in Q2 2025 to $913M in Q2 2026. Gross margin 26.0% against 23.8% (+2.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 26.0% | 23.8% | +2.2 pts |
| Operating margin | 11.2% | 8.4% | +2.7 pts |
| Net margin | 9.4% | 6.5% | +2.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $913M | $829M | $84.0M | +10% |
| Gross profit | $237M | $197M | $40.0M | +20% |
| Cost of revenue | $676M | $632M | $44.0M | +7% |
| Operating profit | $102M | $70.0M | $32.0M | +46% |
| Operating expenses | $135M | $127M | $8.0M | +6% |
| Pre-tax earnings | $100M | $67.0M | $33.0M | +49% |
| Net earnings | $86.0M | $54.0M | $32.0M | +59% |
| Income tax | $14.0M | $13.0M | $1.0M | +8% |
| Depreciation & amortization | $26.0M | $23.0M | $3.0M | +13% |
| Share-based compensation | $7.0M | $6.0M | $1.0M | +17% |
| Working capital & other | $84.0M | $111M | −$27.0M | -24% |
| Operating cash flow | $35.0M | −$28.0M | $63.0M | — |
Questions
How much did Leonardo DRS's revenue grow year over year in Q2 2026?
Leonardo DRS's revenue rose $84.0M (+10%) from $829M in Q2 2025 to $913M in Q2 2026. Gross margin 26.0% against 23.8% (+2.2 pts).