Earnings Releases·Nov 2, 2026, 5:38 PM ET

Leidos Holdings, Inc. — Third Quarter 2026 Earnings Summary

Q3 2026 revenues reached $4.63 billion (+4% YoY), with net income rising 12% to $413 million and non-GAAP diluted EPS increasing 19% to $3.62; adjusted EBITDA grew 5% to $644 million.
FY26 guidance was revised to reflect the Altaris joint venture transaction: revenue lowered to $18.00–$18.20 billion, while non-GAAP EPS raised to $12.50–$12.70 and operating cash flow guidance increased to ~$1.90 billion.
Strategic capital allocation included $504 million in share repurchases and a 4.7% dividend increase to $0.45 per share, alongside the $142 million revenue contribution from the ENTRUST Solutions acquisition.
Total backlog reached $49.6 billion with a 1.2 book-to-bill ratio, driven by new awards including a $717 million ISR contract with the U.S. Air Force and a $160 million cyber operations contract with CYBERCOM.