Leidos Holdings Inc (LDOS)
NYSE:LDOS
Want to see LDOS full AI Analyst Report?
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.89Last Year’s EPS
3.21Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a largely positive operational and financial picture: solid revenue and EPS growth, strong adjusted EBITDA margin (14%), robust cash generation, accretive M&A (Entrust, Kudu) and large defense, health and cyber pipelines. Management raised full-year guidance and emphasized long-term strategic pillars (Defense Tech, managed health, digital infrastructure & cyber, energy resilience, mission software). Offsetting items include margin pressure in Defense and Homeland (notably a ~150 bps decline in Defense margin), flat Health revenue with some VBA-related uncertainty, expected Q2 lumpiness (pull-forward risk) and a one-time insurance benefit in Q1. On balance the positive results, guidance raise and pipeline/award momentum materially outweigh the near-term challenges.Company Guidance
Revenue Growth and Strong Profitability
Q1 revenue of $4.4 billion, up 4% year-over-year (3% organic). Adjusted EBITDA of $614 million, up 2% year-over-year, with an adjusted EBITDA margin of 14%. Non-GAAP diluted EPS of $3.13, up 5% year-over-year.
Raised 2026 Guidance Following Entrust Close
Raised full-year 2026 revenue guidance by $500 million to $18.0–18.4 billion, increased non-GAAP diluted EPS guidance by $0.05 to $12.10–12.50, and increased operating cash flow guidance by $50 million to approximately $1.8 billion. Management stated the Entrust acquisition is accretive in 2026, integration is ahead of schedule and cultural alignment is strong.
Exceptional Cash Generation and Capital Actions
Generated $301 million of operating cash flow and $270 million of free cash flow in Q1. Repurchased $200 million of stock. Ended the quarter with $6.3 billion of debt, $457 million of cash, and gross leverage of 2.6x; commercial paper balance was $300 million at quarter end and is being paid down.
Defense Tech Momentum and Large Award Activity
Earned over $9 billion of awards for the Defense Tech business in the last 15 months and visibility to roughly $8 billion in the next 12-month pipeline. Begun serial production of ALPS under a $2.2 billion ABADS-MD contract; progress on small cruise missile (AGM-190A) with path to production runs in the thousands; Seahawk MUSV operational deployment highlighted customer confidence.
Health Segment Strategic Wins and Digital Capabilities
Won a $456 million Military OneSource directed award and secured a first-of-its-kind My Service Treatment Record AI-driven pilot to automate medical record transfers. Veterans Benefits exam volumes remained high in Q1 and veteran satisfaction at Leidos QTC clinics described as best-in-class, supporting the managed health growth pillar.
Cyber and Portfolio Accelerants
Kudu acquisition increased the cyber pipeline to $24 billion (a 21% increase since acquisition). Management targeting a refreshed energy order pipeline of $10 billion post-Entrust close (stated as ~230% growth post-close). Committed a multiyear $100 million investment in a private equity partner to access mission-ready AI, cyber and autonomy technologies.
Segment-Level Strengths — Intel & Digital and Homeland
Intel & Digital revenues increased 7% year-over-year (6% organic) with non-GAAP operating income margin improving to 10.2% from 9.7%. Homeland revenues increased 6% year-over-year, driven by energy infrastructure engineering services and air traffic management.
LDOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LDOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $148.81 | $137.19 | -7.81% |
Feb 17, 2026 | $175.86 | $161.13 | -8.38% |
Nov 04, 2025 | $192.14 | $198.60 | +3.37% |
Aug 05, 2025 | $159.84 | $171.75 | +7.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Leidos Holdings Inc (LDOS) report earnings?
Leidos Holdings Inc (LDOS) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Leidos Holdings Inc (LDOS) earnings time?
Leidos Holdings Inc (LDOS) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LDOS EPS forecast?
LDOS EPS forecast for the fiscal quarter 2026 (Q2) is 2.89.