Leidos Holdings, Inc. — Third Quarter 2026 Earnings Summary

Leidos Holdings reported third-quarter fiscal 2026 revenues of $4.63 billion, representing a 4% year-over-year increase driven by demand for defense technology and the acquisition of ENTRUST Solutions. The company achieved net income of $413 million, or $3.28 per diluted share, while non-GAAP diluted earnings per share rose 19% to $3.62. Leidos generated $523 million in operating cash flow and $476 million in non-GAAP free cash flow, with total backlog reaching $49.6 billion. Following these results, the company enhanced its full-year 2026 guidance, projecting revenues between $18.00 billion and $18.20 billion and non-GAAP diluted EPS between $12.50 and $12.70.