The earnings call reflects a positive sentiment overall, with strong financial performance, increased guidance, and strategic initiatives aligning with government funding priorities. While there were some challenges related to procurement delays and DOGE headwinds, the company's proactive measures and robust pipeline indicate confidence in sustained growth.

Company Guidance -

Q3 2025

During the Leidos Second Quarter 2025 Earnings Conference Call, the company reported several key metrics and provided updated guidance for the year. Leidos achieved a robust revenue growth of 4.8% year-to-date, with a record EBITDA margin of 15.2% in the quarter and a 28% increase in operating cash flow. The company raised its full-year guidance for 2025, anticipating revenues between $17 billion to $17.25 billion, with an adjusted EBITDA margin in the mid-13% range. Non-GAAP diluted EPS is projected between $11.15 and $11.45, and operating cash flow guidance was increased by $200 million to $1.65 billion. The call highlighted Leidos' strategic focus on its North Star 2030 strategy, emphasizing growth pillars such as space and maritime, energy infrastructure, digital modernization, mission software, and managed health services. The company cited significant opportunities from the "One Big Beautiful Bill," which aligns with its core competencies, contributing to a $70 billion pipeline of opportunities, with 75% being new business. Additionally, Leidos reported a strong book-to-bill ratio of 1.3 over the trailing 12 months, supported by recent awards and a robust pipeline, indicating confidence in continued growth despite a dynamic market environment.

Record Profitability and Revenue Growth

Leidos reported robust revenue growth of 4.8% year-to-date, with a record EBITDA margin of 15.2% in Q2 and operating cash flow up 28% this quarter.

Full-Year Guidance Raised

Leidos raised its full-year guidance for 2025, with revenue projected between $17 billion and $17.25 billion, an adjusted EBITDA margin in the mid-13% range, and non-GAAP diluted EPS between $11.15 and $11.45.

Strategic Focus on North Star 2030 Strategy

The North Star 2030 strategy, focusing on five growth pillars including space and maritime, digital modernization, and managed health services, is validated by customer engagement and new government funding.

Maritime Growth and Contracts

Leidos is positioned to support the U.S. Navy with autonomous maritime capabilities, securing contracts to convert commercial ships and expand production of unmanned vessels.

Successful AI and Efficiency Initiatives

AI initiatives are on track to save over 0.5 million labor hours, with efficiency gains in finance and software development, contributing to improved profitability.

Strong Q2 Bookings and Pipeline

The company reported a 0.9 book-to-bill ratio in Q2, with a strong pipeline of $70 billion in opportunities over the next 12 months, indicating robust future growth potential.

Leidos Holdings (LDOS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LDOS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	2.67 / -	2.93	―	―	―
Aug 05, 2025	2025 (Q2)	2.66 / 3.21	2.63	22.05% (+0.58)
May 06, 2025	2025 (Q1)	2.50 / 2.97	2.29	29.69% (+0.68)
Feb 11, 2025	2024 (Q4)	2.27 / 2.37	1.99	19.10% (+0.38)
Oct 29, 2024	2024 (Q3)	2.01 / 2.93	2.03	44.33% (+0.90)
Jul 30, 2024	2024 (Q2)	2.27 / 2.63	1.8	46.11% (+0.83)
Apr 30, 2024	2024 (Q1)	1.70 / 2.29	1.47	55.78% (+0.82)
Feb 13, 2024	2023 (Q4)	1.74 / 1.99	1.83	8.74% (+0.16)
Oct 31, 2023	2023 (Q3)	1.67 / 2.03	1.59	27.67% (+0.44)
Aug 01, 2023	2023 (Q2)	1.57 / 1.80	1.59	13.21% (+0.21)

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
Aug 05, 2025	$160.95	$172.94	+7.45%
May 06, 2025	$147.54	$154.34	+4.61%
Feb 11, 2025	$141.96	$136.82	-3.62%
Oct 29, 2024	$168.32	$184.32	+9.51%

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 Nov 04, 2025, Before Open (Confirmed).

What is Leidos Holdings Inc (LDOS) earnings time?

Leidos Holdings Inc (LDOS) earnings time is at Nov 04, 2025, 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 2025 (Q3) is 2.67.

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