Citable filing context
LDOS's research view summarizes recent SEC filing context, starting with earnings from Aug 4, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 4, 2026 | earnings | Leidos reported Q2 2026 revenue of $4.56 billion and raised its full-year 2026 financial guidance. |
| May 6, 2026 | other | Stockholders elected the Board of Directors and approved the 2026 Omnibus Incentive and Employee Stock Purchase Plans. |
| May 5, 2026 | earnings | Leidos reported Q1 2026 revenues of $4.4 billion and raised its full-year 2026 guidance. |
| Aug 4, 2026 | Guidance: non_gaap_diluted_eps | 12.20 to 12.50 |
| Aug 4, 2026 | Guidance: operating_cash_flow | not reported to not reported |
| Aug 4, 2026 | Guidance: revenue | 18.20 to 18.40 |
| Aug 4, 2026 | mda_quarterly | Leidos reported a 7.2% revenue increase for the three months ended July 3, 2026, though operating income declined 10% to $514 million, reflecting a margin compression from 13.4% to 11.3%. The company, which derives approximately 83% of its revenue from U.S. government contracts, faces potential volatility due to the expected reliance on a short-term continuing resolution for fiscal 2027 funding. Performance varied significantly by segment. The Homeland segment saw strong growth, with revenues up 32% driven by the acquisition of Entrust and increased program volumes. Conversely, the Health segment experienced a 7.6% revenue decline due to lower volumes. The Intelligence & Digital and Defense segments benefited from program wins, though Defense margins were pressured by the completion of higher-margin contracts. Liquidity remains stable with $748 million in cash and access to a $1.5 billion revolving credit facility. Total debt rose to $6.0 billion, largely due to the issuance of $1.4 billion in senior notes to fund the Entrust acquisition. While the company faces risks related to geopolitical instability, international trade policies, and potential federal government shutdowns, management maintains that it can meet all liquidity needs through operational cash flow and existing credit facilities. |
| May 5, 2026 | mda_quarterly | Leidos reported first-quarter 2026 revenues of $4.4 billion, a 3.7% increase year-over-year, though net income declined 8.2% to $335 million. The company realigned into four reportable segments: Intelligence & Digital, Health, Homeland, and Defense. Intelligence & Digital grew 7.5% to $1.5 billion, bolstered by program wins and the Kudu Dynamics acquisition. Conversely, the Homeland segment saw operating income drop 45.9% to $33 million, primarily due to $25 million in integration and restructuring costs associated with the Entrust acquisition. Defense operating income also fell 16.2% due to contract completions and write-downs. Total backlog increased to $48.4 billion, supported by a rise in net bookings to $3.3 billion. Leidos remains heavily reliant on U.S. government spending, which accounts for 86% of total revenues. To finance the Entrust acquisition and general corporate purposes, the company issued $1.4 billion in senior unsecured notes, increasing total debt to $6.3 billion. Financial results were further impacted by a $23 million settlement loss from a UK defined benefit pension plan buy-out and increased interest expenses. |
Source: SEC EDGAR filing text and events; period Aug 4, 2026; filed Aug 4, 2026.
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