Leonardo DRS, Inc. (DRS) saw its stock price surge 5.57% during pre-market trading on Tuesday, following the release of its first-quarter 2026 financial results.

The company reported revenue of $846 million for Q1 2026, surpassing the IBES estimate of $825 million. Adjusted EBITDA came in at $105 million, beating the estimate of $92.4 million, while adjusted net income reached $69 million, well above the expected $55.5 million. Adjusted earnings per share were $0.26, exceeding the $0.20 estimate.

Leonardo DRS also provided a positive full-year outlook, with revenue guidance of $3.9 to $3.975 billion and adjusted EPS guidance of $1.26 to $1.30, both meeting or exceeding analyst expectations. The strong quarterly performance across key financial metrics appears to be driving investor optimism in the pre-market session.