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Leonardo DRS, Inc. (DRS) earnings date, market-implied expected move, and options open interest by expiry

35.56

−3.30 · −8.48%

Regular session11:56 ET

Open38.62Volume3.0MMkt cap$10.4BP/E25.77EPS1.38Div yield0.93%

Day35.28 – 38.878%52-wk32.24 – 50.4918%

DRS

Leonardo DRS, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 23

before open · in 111 days

est.Q4 FY26

Calendar

Next report

Last report

+11.66%

vs ±8.6% implied · ×1.36

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Largest filed tie

80.00%

of DRS revenue · U.S. government

customerDRS 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+1.05%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

377 managers

Top fund weight

0.00%

DRS weight · VTI

N-PORTJun 30 '26

2 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Leonardo DRS (DRS) is expected to report on Feb 23 before open (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 30 '26confirmed—▼−1.98%—

Q3 FY26Oct 29 '26confirmed±8.6%▲+11.66%×1.36

quarterimplied−15%0+15%realized×

Q3 FY26±8.6%▲+11.66%×1.36

Q2 FY26—▼−1.98%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.33OI · 4 expiries · Oct 30 closeP/C open interest · Apr 16 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

102+3%Nov 2016d0.17589+9%0.17

275+49%Dec 1844d7.8635+25%7.86

518−11%Jan 1572d0.63822−1%0.63

report · Feb 23 · before open · est.

161+13%Apr 16163d489+17%

ExpiryPutsCallsP/C

Nov 2016d102+3%589+9%0.17

Dec 1844d275+49%35+25%7.86

Jan 1572d518−11%822−1%0.63

report · Feb 23 · before open · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

10.79%as filednet margin · revenue +16.76% QoQ · +11.04% YoY

Revenue

$1.1B+16.76% QoQ

Gross profit

$263M+10.97% QoQ

24.67% margin

Operating income

$116M+13.73% QoQ

10.88% margin

Pre-tax income

$116M+16.00% QoQ

Net income

$115M+33.72% QoQ

10.79% margin

Cost of revenue

$803M+18.79% QoQ

Operating expenses

$147M+8.89% QoQ

SG&A $142M

Other operating $5M

Tax

$1M−92.86% QoQ

Revenue$1.1B+16.76%

Gross profit

$263M+10.97%

24.67% margin

Operating income

$116M+13.73%

10.88% margin

Pre-tax income

$116M+16.00%

Net income

$115M+33.72%

10.79% margin

Cost of revenue

$803M+18.79%

Operating expenses

$147M+8.89%

SG&A $142M

Other operating $5M

Tax$1M−92.86%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 11:45 ET

Intraday

Event sensitivity

FOMC ×1.42· ±2.5% vs ±1.7% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.5%12 of 24×1.42

GDPgross domestic product±2.0%6 of 19×1.15

NFPjobs report±1.9%4 of 10×1.10

PCEpersonal income & outlays±1.9%7 of 19×1.08

CPIconsumer prices±1.7%5 of 10×0.95

PPIproducer prices±1.6%6 of 10×0.89

CPROFcorporate profits±1.5%4 of 12×0.87

Bar = avg |move| to ±3% · tick = ±1.7% avg day · ×base = |move| ÷ ±1.7% · min 6 releases

Earnings history

EPS 0.43 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	0.43	—
Q2 FY26	Jul 30 '26 · confirmed	0.32	—
Q1 FY26	—	0.23	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod