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Leidos Holdings (LDOS)
NYSE:LDOS
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.94Last Year’s EPS
2.97Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial and operational momentum — with margin expansion, double-digit EPS and cash growth, robust bookings and backlog, strategic M&A and targeted investments — while acknowledging near-term timing and cyclical headwinds (calendar effects, government shutdown, award slippage), incremental leverage from an acquisition, and planned higher capital spending that will temporarily reduce free cash flow. Management expects growth to accelerate through 2026 and positions the company to capture long-term defense, health, and energy opportunities.Company Guidance
Full-Year Revenue Growth
2025 revenues of $17.2B, up 3.1% year-over-year, with management stating the underlying business grew strongly across the portfolio after adjusting for calendar and shutdown impacts.
Margin Expansion
2025 adjusted EBITDA margin of 14.1%, up 120 basis points year-over-year; Q4 adjusted EBITDA margin 13.2%, up 160 basis points year-over-year, exceeding the top end of prior guidance.
Earnings and EPS Strength
2025 non-GAAP diluted EPS of $11.99, up 17% year-over-year (increase of $1.78 vs. 2024) and $0.24 above the prior guidance high end; Q4 non-GAAP diluted EPS of $2.76.
Record Cash Generation and Free Cash Flow
Record operating cash flow of $1.75B for the year and $495M in Q4. Full-year free cash flow of $1.63B (104% conversion) and Q4 free cash flow of $452M (127% of non-GAAP net income). Free cash flow grew ~26% (management commentary).
Strong Bookings and Backlog Momentum
Q4 net bookings of $5.6B with a book-to-bill ratio of 1.3x (matching prior quarter); funded backlog up 15% year-over-year and total backlog reported at $49B with ~$20B of pending awards.
Strategic M&A and Portfolio Actions
Acquired Kudu Dynamics (May) — described as generating rapid growth and profitability; divested noncore Barrick (Oct) and announced all-cash agreement to acquire Entrust Solutions Group for $2.4B to scale energy engineering capabilities.
Major Contract Wins and Program Access
Notable Q4 awards include a $2.2B Air Force passive radar contract and a $455M Air Force Cloud One Next award. Secured positions on two large IDIQ vehicles (Missile Defense SHIELD $151B and Defense Microelectronics $25B) providing streamlined access to future task orders.
Capital Deployment and Shareholder Returns
Repurchased $305M of shares in Q4, reduced diluted share count by 4.4% during 2025 (contributed ~$0.50 to EPS), paid $55M in dividends, and maintain a disciplined capital plan while funding growth investments.
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 |
|---|---|---|---|
Feb 17, 2026 | $176.30 | $161.53 | -8.38% |
Nov 04, 2025 | $192.61 | $199.10 | +3.37% |
Aug 05, 2025 | $160.24 | $172.17 | +7.45% |
May 06, 2025 | $146.89 | $153.65 | +4.60% |
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 (LDOS) report earnings?
Leidos Holdings (LDOS) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Leidos Holdings (LDOS) earnings time?
Leidos Holdings (LDOS) earnings time is at May 05, 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 (Q1) is 2.94.