Filing Flows › Leonardo DRS (DRS) › Q3 2026 › vs Q2 2026
Leonardo DRS (DRS) Q3 2026 vs Q2 2026 (quarter over quarter)
Leonardo DRS's revenue rose $153M (+17%) from $913M in Q2 2026 to $1.1B in Q3 2026. Gross margin 24.7% against 26.0% (-1.3 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.7% | 26.0% | -1.3 pts |
| Operating margin | 10.9% | 11.2% | -0.3 pts |
| Net margin | 10.8% | 9.4% | +1.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.1B | $913M | $153M | +17% |
| Gross profit | $263M | $237M | $26.0M | +11% |
| Cost of revenue | $803M | $676M | $127M | +19% |
| Operating profit | $116M | $102M | $14.0M | +14% |
| Operating expenses | $147M | $135M | $12.0M | +9% |
| Pre-tax earnings | $116M | $100M | $16.0M | +16% |
| Net earnings | $115M | $86.0M | $29.0M | +34% |
| Income tax | $1.0M | $14.0M | −$13.0M | -93% |
| Depreciation & amortization | $27.0M | $26.0M | $1.0M | +4% |
| Share-based compensation | $6.0M | $7.0M | −$1.0M | -14% |
| Working capital & other | $52.0M | $84.0M | −$32.0M | -38% |
| Operating cash flow | $96.0M | $35.0M | $61.0M | +174% |
Questions
How much did Leonardo DRS's revenue grow quarter over quarter in Q3 2026?
Leonardo DRS's revenue rose $153M (+17%) from $913M in Q2 2026 to $1.1B in Q3 2026. Gross margin 24.7% against 26.0% (-1.3 pts).