Background: Despite treatment advances for patients with early-stage triple-negative breast cancer (TNBC) and hormone receptor (HR)-low/human epidermal growth factor receptor 2-negative (HER2-) breast cancer, treatments that improve clinical outcomes while mitigating toxicity are needed. Datopotamab deruxtecan (Dato-DXd), a TROP2-directed antibody-drug conjugate consisting of a humanized IgG1 monoclonal antibody attached via a plasma-stable cleavable linker to a topoisomerase-I inhibitor payload, has shown efficacy alone or in combination with durvalumab, a selective, high-affinity anti-programmed cell death ligand 1 antibody, in early-phase clinical studies., Objectives: The primary objective of TROPION-Breast04 is to evaluate the efficacy and safety of neoadjuvant Dato-DXd plus durvalumab followed by adjuvant durvalumab with or without chemotherapy versus standard of care in patients with previously untreated early-stage TNBC or HR-low/HER2- breast cancer., Design: This is an ongoing, international, phase III, open-label, randomized controlled study., Methods and Analysis: Approximately 1728 patients (aged ⩾18 years) will be randomized 1:1 to eight cycles of neoadjuvant Dato-DXd (6 mg/kg intravenously (IV) every 3 weeks (Q3W)) plus durvalumab (1120 mg IV Q3W) followed by nine cycles of adjuvant durvalumab (1120 mg IV Q3W) with or without chemotherapy versus eight cycles of pembrolizumab (200 mg IV Q3W) plus chemotherapy followed by nine cycles of adjuvant pembrolizumab (200 mg IV Q3W) with or without chemotherapy. Dual primary endpoints are pathological complete response by blinded central review and event-free survival by investigator assessment. Secondary endpoints include overall survival (key), distant disease-free survival, patient-reported outcomes, and safety., Ethics: The study is approved by independent ethics committees and/or institutional review boards at each study site. All patients will provide written informed consent., Discussion: This study will evaluate the potential use of neoadjuvant Dato-DXd plus durvalumab followed by adjuvant durvalumab with or without chemotherapy versus standard of care in patients with previously untreated early-stage TNBC or HR-low/HER2- breast cancer. The findings of this trial could lead to promising treatment options for these patients., Trial Registration: ClinicalTrials.gov identifier: NCT06112379., Competing Interests: H.L.M. has participated in advisory boards with Amgen, Bristol-Myers Squibb, Celgene, Eli Lilly, Genentech/Roche, Immunomedics, Merck, OBI Pharma, Pfizer, Puma, Spectrum Pharmaceuticals, Syndax Pharmaceuticals, Peregrine, Calithera, Daiichi-Sankyo, Seattle Genetics, AstraZeneca, Gilead, Crown Bioscience, and TapImmune; has received research grants (institution) from Bristol-Myers Squibb, BTG/Boston Scientific, and Merck. S.M.T. has acted as a consultant or advisor for Novartis, Pfizer (SeaGen), Merck, Eli Lilly, AstraZeneca, Genentech/Roche, Eisai, Sanofi, Bristol Myers Squibb, CytomX Therapeutics, Daiichi-Sankyo, Gilead, Zymeworks, Zentalis, Blueprint Medicines, Reveal Genomics, Sumitovant Biopharma, Umoja Biopharma, Artios Pharma, Menarini/Stemline, Aadi Bio, Bayer, Incyte Corp, Jazz Pharmaceuticals, Natera, Tango Therapeutics, Systimmune, eFFECTOR, Hengrui USA, Cullinan Oncology, Circle Pharma, and Arvinas; has received research funding (institution) from Genentech/Roche, Merck, Exelixis, Pfizer, Lilly, Novartis, Bristol Myers Squibb, Eisai, AstraZeneca, NanoString Technologies, Gilead, Seattle Genetics, OncoPep, Daiichi-Sankyo; has received travel or accommodation expenses from Eli Lilly, Sanofi, Gilead, and Jazz Pharmaceuticals. R.D. has received consulting fees from AstraZeneca, MSD, Roche, Pfizer, Eisai, Novartis, and Lilly. P.S. has received consulting fees from AstraZeneca, Bayer, Boehringer Ingelheim, Merck, Novartis, Pfizer, Puma, Roche, Eisai, and Celgene; conducted contracted research for Astellas, AstraZeneca, Genentech, Novartis, OncoGenex Pharmaceuticals, Roche, and Medivation. J.A. has no conflicts of interest to declare. Q.L. has acted as a speaker for Roche, AstraZeneca, Pfizer, Eisai, and Novartis; reports participation in speakers’ bureaus for Roche, AstraZeneca, Pfizer, Eisai, and Novartis; participated in advisory boards with AstraZeneca and Pfizer; has received funding from Eisai. J.L.M. has acted as a speaker for Prime Oncology and Targeted Oncology; participated in advisory boards with Sermonix; has acted as a Principal Investigator with Olema, Sermonix, and Seagen (now Pfizer); has acted as an advisor for Pfizer, Novartis, Puma, Seagen (now Pfizer), Olema, Genentech, GSK, AstraZeneca, and Sermonix. N.N. has received honoraria from AstraZeneca, Chugai Pharma, Daiichi-Sankyo/UCB Japan, Eisai, Kyowa Kirin, Lilly Japan, MSD, Novartis, Pfizer, and Taiho Pharmaceutical; has received research funding from Boehringer Ingelheim, Chugai Pharma, Daiichi-Sankyo, Eisai, Kyowa Kirin, Lilly Japan, Mochida Pharmaceutical Co. Ltd, Nihon Medi-Physics, Nippon Kayaku, Pfizer, Puma Biotechnology, Taiho Pharmaceutical, and Takeda. Y.H.P. has received honoraria from AstraZeneca, Daiichi-Sankyo, Eisai, Lilly, MSD, Novartis, Pfizer, and Roche; has acted as a consultant or advisor for AstraZeneca, Boryung, Daiichi-Sankyo, Eisai, Gilead Sciences, Lilly, Menarini, MSD, Novartis, Pfizer, and Roche; has received research funding from AstraZeneca, Gencurix, Genome Insight, NGeneBio, Pfizer, and Roche; has received travel and accommodation expenses from Gilead Sciences. G.W. has acted as a speaker for AstraZeneca, MSD, Pfizer, and Roche; participated in advisory boards with Novartis, Organon, Roche, MSD, and Daiichi-Sankyo; has received research grants from Astellas Pharma, AstraZeneca, Ipsen, Janssen, Novartis, Pfizer, Roche, Takeda, GlaxoSmithKline, Bayer, and Libbs; has acted as a Principal Investigator with AstraZeneca, BMS, Lilly, and MSD. G.B. has received honoraria from AstraZeneca/Daiichi-Sankyo, Eisai, Exact Sciences, Gilead Sciences, Lilly, Menarini, MSD, Novartis, Pfizer, Roche, and Seagen; has acted as a consultant or advisor for Agendia, AstraZeneca, AstraZeneca/Daiichi-Sankyo, Daiichi-Sankyo Europe GmbH, Eisai, Exact Sciences, Gilead Sciences, Lilly, MSD, Novartis, Pfizer, Roche, and Seagen; has received research funding (institution) from Gilead Sciences; has received travel or accommodations expenses from AstraZeneca/Daiichi-Sankyo, Gilead Sciences, Novartis, Pfizer, and Roche. J.C.A. has received honoraria from AstraZeneca, Genentech, Genomic Health, Novartis, and Puma Biotechnology; has acted as a consultant or advisor for AstraZeneca, Athenex, Daiichi-Sankyo Pharmaceutical, Genentech, Genomic Health, Immunomedics, Myriad Genetic Laboratories, Novartis, Pfizer, Puma Biotechnology, and Seagen; has participated in speakers’ bureaus with AstraZeneca, Genentech, Genomic Health, Novartis, and Puma Biotechnology. R.K. is an employee of AstraZeneca. N.R. is an employee of AstraZeneca. B.P. has received consulting fees (institutional) from AstraZeneca, Seagen, Gilead, Novartis, Lilly, MSD, Pierre Fabre (personal), and Daiichi-Sankyo (institutional/personal); has received research funding (institutional) from AstraZeneca, Daiichi-Sankyo, Gilead, Seagen, and MSD; has received travel support from AstraZeneca, Pierre Fabre, Lilly, Daiichi-Sankyo, and MSD. S.L. has acted as a consultant or advisor for AbbVie, Amgen, AstraZeneca/MedImmune, Bristol-Myers Squibb, Celgene, Daiichi-Sankyo, EirGenix, Eisai Europe, GlaxoSmithKline, Lilly, Menarini Group, Merck KGaA, MSD Oncology, Novartis, Olema Pharmaceuticals, Pfizer, Pierre Fabre, Relay Therapeutics, Roche, Sanofi, and Seagen; reports participation in speakers’ bureaus for AstraZeneca, Daiichi-Sankyo Europe GmbH, Gilead Sciences, Novartis, Pfizer, Roche, and Seagen; has received research funding from AbbVie, AstraZeneca, Celgene, Daiichi-Sankyo, Gilead Sciences, Menarini Group, Molecular Health, Novartis, Pfizer, and Roche; reports patents, royalties, or other intellectual property: Digital Ki67 Evaluator, VM Scope GmbH, Patent Issued EP15702464.7, Patent Pending EP14153692.0, Patent Pending EP19808852.8, Patent Pending EP21152186.9., (© The Author(s), 2025.)