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Leidos

LDOS · Industrials

Last earnings Aug 4, 2026

Key results

Revenuequarter

$4.4 billion

Revenues of $4.4 billion, up 4% year-over-year u

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Growthquarter

up 4%

Revenues of $4.4 billion, up 4% year-over-year u

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Net incomequarter

14.0%

Net income of $335 million or $2.56 per diluted share u Adjusted EBITDA (non-GAAP) of $614 million and Adjusted EBITDA margin (non-GAAP) of 14.0% u

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Non-GAAP EPSquarter

$3.13

Non-GAAP Diluted Earnings per Share of $3.13, up 5% year-over-year u Cash Flows from Operations of $301 million

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Non-GAAP free cash flowquarter

$270 million

Non-GAAP Free Cash Flow of $270 million RESTON, Va.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Revenues for the quarter were $4.40 billion, up 4% compared to the first quarter of 2025, including 3% organically.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

For the first quarter, net income was $335 million, or $2.56 per diluted share.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

EPSquarter

8%

Net income and diluted EPS were both down 8% year-over-year net income margin was 7.6% compared to 8.6% in the first quarter of 2025.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Net income and diluted EPS for the quarter reflect $39 million in costs associated with the acquisition of ENTRUST Solutions Group ( Entrust ) and the pending joint venture to combine the Security Enterprise Solutions and Industrial Automation businesses of Leidos with Analogic Corporation.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Operating incomequarter

$508 million

Operating income 508 530

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

AI analysis

Q1 FY2026 · reported May 5, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q1 FY2026
$4.4B
EX-99 · May 5, 2026
Diluted EPS · Q1 FY2026
$2.56
EX-99 · May 5, 2026
Non-GAAP free cash flow · Q1 FY2026
$270M
EX-99 · May 5, 2026
Operating income · Q1 FY2026
$508M
EX-99 · May 5, 2026

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · May 5, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ1 FY2026Prior qtrYear ago
Revenue$4.4 billion——
Growthup 4%——
Net income14.0%——
Non-GAAP EPS$3.13——
Non-GAAP free cash flow$270 million——
EPS8%—8.6%
Operating income$508 million——

EX-99 · May 5, 2026

Guidance · company-stated

Direction: Raised

Revenue$4.4 billion

“htm EX-99.1 Document EXHIBIT 99.1 Leidos Posts Strong First Quarter Results and Raises Full-Year Guidance u Revenues of $4.4 billion, up 4% year-over-year u Net income of $335 million or $2.56 per diluted share u Adjusted EBITDA (non-GAAP) of $614 million and Adjusted EBITDA margin (non-GAAP) of 14.0% u Non-GAAP Diluted Earnings per Share of $3.13, up 5% year-over-year u Cash Flows from Operations of $301 million Non-GAAP Free Cash Flow of $270 million RESTON, Va.”

Revenue

“Exhibit 99.1 2 FORWARD GUIDANCE Leidos is raising its fiscal year 2026 guidance as follows FY26 Guidance Measure Current Prior Revenues (B) $18.00 - $18.40 $17.50 - $17.90 Adjusted EBITDA Margin Mid 13% Mid 13% Non-GAAP Diluted EPS $12.10 - $12.50 $12.05 - $12.45 Cash Flows Provided by Operating Activities (B) Approximately $1.80 Approximately $1.75 For information regarding adjusted EBITDA margin and non-GAAP diluted EPS, see the related explanations and reconciliations to GAAP measures included elsewhere in this release.”

Midpoint vs latest-quarter revenue0.0%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Non-GAAP free cash flow$270M

Capital allocation

Dividend$243M

Financing activities were driven by proceeds of $1.4 billion in senior notes and $300 million in commercial paper to finance the Entrust acquisition, as well as $298 million returned to shareholders, including $243 million in share repurchases and $55 million as part of a regular quarterly cash dividend program.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue 0.0% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Given all this and our ongoing confidence in our business, we're pleased to raise our revenue, earnings, and cash guidance for the year

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “htm EX-99.1 Document EXHIBIT 99.1 Leidos Posts Strong First Quarter Results and Raises Full-Year Guidance u Revenues of $4.4 billion, up 4% year-over-year u Net income of $335 million or $2.56 per diluted share u Adjusted EBITDA (non-GAAP) of $614 million and Adjusted EBITDA margin (non-GAAP) of 14.0% u Non-GAAP Diluted Earnings per Share of $3.13, up 5% year-over-year u Cash Flows from Operations of $301 million Non-GAAP Free Cash Flow of $270 million RESTON, Va.”

Revenue: “Exhibit 99.1 2 FORWARD GUIDANCE Leidos is raising its fiscal year 2026 guidance as follows FY26 Guidance Measure Current Prior Revenues (B) $18.00 - $18.40 $17.50 - $17.90 Adjusted EBITDA Margin Mid 13% Mid 13% Non-GAAP Diluted EPS $12.10 - $12.50 $12.05 - $12.45 Cash Flows Provided by Operating Activities (B) Approximately $1.80 Approximately $1.75 For information regarding adjusted EBITDA margin and non-GAAP diluted EPS, see the related explanations and reconciliations to GAAP measures included elsewhere in this release.”

Revenue — Raised (“Raises”)
“htm EX-99.1 Document EXHIBIT 99.1 Leidos Posts Strong First Quarter Results and Raises Full-Year Guidance u Revenues of $4.4 billion, up 4% year-over-year u Net income of $335 million or $2.56 per diluted share u Adjusted EBITDA (non-GAAP) of $614 million and Adjusted EBITDA margin (non-GAAP) of 14.0% u Non-GAAP Diluted Earnings per Share of $3.13, up 5% year-over-year u Cash Flows from Operations of $301 million Non-GAAP Free Cash Flow of $270 million RESTON, Va.”

Revenue — Raised (“raise”)
“Given all this and our ongoing confidence in our business, we're pleased to raise our revenue, earnings, and cash guidance for the year.”

Revenue — Raised (“raising”)
“Exhibit 99.1 2 FORWARD GUIDANCE Leidos is raising its fiscal year 2026 guidance as follows FY26 Guidance Measure Current Prior Revenues (B) $18.00 - $18.40 $17.50 - $17.90 Adjusted EBITDA Margin Mid 13% Mid 13% Non-GAAP Diluted EPS $12.10 - $12.50 $12.05 - $12.45 Cash Flows Provided by Operating Activities (B) Approximately $1.80 Approximately $1.75 For information regarding adjusted EBITDA margin and non-GAAP diluted EPS, see the related explanations and reconciliations to GAAP measures included elsewhere in this release.”

Classified from the release's primary full-year outlook statement.

Capital allocation

Financing activities were driven by proceeds of $1.4 billion in senior notes and $300 million in commercial paper to finance the Entrust acquisition, as well as $298 million returned to shareholders, including $243 million in share repurchases and $55 million as part of a regular quarterly cash dividend program.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

As of April 3, 2026, Leidos had $457 million in cash and cash equivalents and $6.3 billion of debt.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

On May 1, 2026, the Leidos Board of Directors declared a cash dividend of $0.43 per share.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

The dividend will be payable on June 30, 2026, to stockholders of record at the close of business on June 15, 2026.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Forward-looking statements in this release include, among others, estimates of our future growth, strategy and financial and operating performance, including future revenues, adjusted EBITDA margins, diluted EPS (including on a non-GAAP basis) and cash flows provided by operating activities, as well as statements about our business contingency plans, government budgets and spending, uncertainties in tax due to new tax legislation or other regulatory developments, strategy, planned investments including the pending joint venture, sustainability goals and our future dividends, share repurchases, capital expenditures, debt repayments, acquisitions, dispositions and cash flow conversion.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

government s failure to raise the debt ceiling, which increases the possibility of a default by the U.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Strategy & priorities

Also importantly, with the quick close of the Entrust acquisition and the signing of our security products joint venture, we're actively executing our NorthStar 2030 strategy while supporting our nation's highest priority objectives.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

The program focuses on transforming large volumes of data into actionable insights, enabling faster and more effective battlefield decisions.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

This award aligns with Leidos NorthStar 2030 strategy, reinforcing its role in advancing digital modernization and mission software capabilities for multi-domain operations.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Forward-looking statements in this release include, among others, estimates of our future growth, strategy and financial and operating performance, including future revenues, adjusted EBITDA margins, diluted EPS (including on a non-GAAP basis) and cash flows provided by operating activities, as well as statements about our business contingency plans, government budgets and spending, uncertainties in tax due to new tax legislation or other regulatory developments, strategy, planned investments including the pending joint venture, sustainability goals and our future dividends, share repurchases, capital expenditures, debt repayments, acquisitions, dispositions and cash flow conversion.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

government defense and non-defense budgets, including budget reductions, sequestration, implementation of spending limits or changes in budgetary priorities, continuation of the U.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Risks & headwinds

Forward-looking statements in this release include, among others, estimates of our future growth, strategy and financial and operating performance, including future revenues, adjusted EBITDA margins, diluted EPS (including on a non-GAAP basis) and cash flows provided by operating activities, as well as statements about our business contingency plans, government budgets and spending, uncertainties in tax due to new tax legislation or other regulatory developments, strategy, planned investments including the pending joint venture, sustainability goals and our future dividends, share repurchases, capital expenditures, debt repayments, acquisitions, dispositions and cash flow conversion.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

government on its debt obligations, related credit-rating downgrades, or an economic recession uncertainties in tax due to new tax legislation or other regulatory developments deterioration of economic conditions or weakening in credit or capital markets uncertainty in the consequences of current and future geopolitical events inflationary pressures and fluctuations in interest rates delays in the U.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Bribery Act of 2010 and similar worldwide anti-corruption and anti-bribery laws and regulations our ability to protect our intellectual property and other proprietary rights by third parties of infringement, misappropriation or other violations by us of their intellectual property rights our ability to prevail in litigation brought by third parties of infringement, misappropriation or other violations by us of their intellectual property rights our Leidos Holdings, Inc.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

For further information concerning risks and uncertainties associated with our business, please refer to the filings we make from time to time with the U.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Securities and Exchange Commission (SEC), including the Risk Factors, Management's Discussion and Analysis of Financial Condition and Results of Operations and Legal Proceedings sections of our latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, all of which may be viewed or obtained through the Investor Relations section of our website at www.

SEC original ↗Leidos — Earnings release (8-K exhibit)EX-99May 5, 2026

Legal Proceedings 32 Item 1A.

SEC original ↗Leidos — 10-Q Quarterly report10-QAug 4, 2026

Documents

Earnings deck slides

0 decks with slide view

Leidos — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Leidos — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Leidos — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

RELX (RELX) IndustrialsThomson Reuters (TRI) IndustrialsFedEx (FDX) IndustrialsVertiv (VRT) IndustrialsCanadian National Railway (CNI) IndustrialsAerCap Holdings (AER) IndustrialsCanadian Pacific Kansas City (CP) IndustrialsGeneral Dynamics (GD) Industrials

Filings

27 documents

Earnings releases

9 documents

Presentations

3 documents

Transcripts

0 documents

No transcripts for Leidos are held in this edition of the library.

Mentioned by

4 companies

Other tracked companies whose held documents mention Leidos by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.