
A plethora of defense giants just reported their Q4 2025 earnings. The cycle saw some standout performances, as well as others that left investors wanting more. Here are the most notable winners and losers from the latest round of defense earnings.

A plethora of defense giants just reported their Q4 2025 earnings. The cycle saw some standout performances, as well as others that left investors wanting more. Here are the most notable winners and losers from the latest round of defense earnings.