Leidos Holdings, Inc.: Mixed — EPS $3.62, Revenue $4.63B
Mixed ResultQ3 2026 · Pre-market
Did Leidos Holdings, Inc. (LDOS) beat earnings today?
It was a mixed report for Q3 2026 — Leidos Holdings, Inc. (LDOS) beat on EPS but missed on revenue.
Earnings Per Share+19.08% surprise
$3.62Actual
Expected: $3.04
vs. year ago +19.0%
Total Revenue-1.70% surprise
$4.63BActual
Expected: $4.71B
vs. year ago +4.0%
Released Nov 03 · 6:00 AM ET
Earning Report
| Metric | Q3 FY26 | Q3 FY25 | YoY Change % |
|---|---|---|---|
| Revenue | $4.63B | $4.47B | +4.0 |
| Revenue detail — reported lines | |||
| └─Intelligence & Digital | $1.55B | $1.52B | +1.0 |
| └─Health | $1.07B | $1.21B | -12.0 |
| └─Homeland | $1.02B | $775.00M | +32.0 |
| └─Defense | $992.00M | $959.00M | +3.0 |
| Net income | $413.00M | $369.00M | +12.0 |
| Basic EPS | $3.31 | $2.87 | +15.3 |
| Diluted EPS | $3.28 | $2.82 | +16.0 |
| Non-GAAP diluted EPS | $3.62 | $3.05 | +19.0 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY26 Outlook | Expected |
|---|---|---|---|
| Revenues | — | $18.00B-$18.20B (prev. $18.20B-$18.40B) | $18.31BMissed -1.15% |
| Adjusted EBITDA Margin | — | Mid 13% (prev. Mid 13%) | — |
| Non-GAAP Diluted EPS | — | $12.50-$12.70 (prev. $12.20-$12.50) | $12.41Beat +1.53% |
| Cash Flows Provided by Operating Activities | — | Approximately $1.90B (prev. Approximately $1.85B) | — |
Business Highlights
- ➤Enhanced 2026 guidance for the third consecutive quarter.
- ➤Closed the SES joint venture contribution and equity purchase agreement with Altaris.
- ➤Returned $556M to shareholders through repurchases and regular quarterly dividends.
- ➤Declared a $0.45-per-share cash dividend, payable December 31, 2026.
- ➤Won an Air Force ACC A2 contract supporting threat mitigation and ISR operations globally.
- ➤Received TSA SEDS award to deploy and manage screening equipment across federalized U.S. airports.
- ➤Secured an MHS GENESIS bridge contract for maintenance, cybersecurity, updates and end-user support.
- ➤Won defensive cyber operations follow-on contract deploying UpHold Effect Agentic SOC Automation.
- ➤Will provide infrared payloads and onboard processing for 18 missile-tracking satellites.
- ➤Received UK NATS award to modernize flight-data processing software.
- ➤Established first cyber operations prime foothold with U.S. Cyber Command.
- ➤Won contracts for ALPS prototypes and additional Marine Corps MRADR systems.
Management Commentary
Tom Bell, Chief Executive Officer
“Leidos delivered another quarter of strong financial performance, allowing us to enhance our 2026 guidance for the third consecutive quarter. Our sustained momentum reflects the strength of our focused team, united behind our NorthStar 2030 strategy and committed to delivering on our customers' most critical missions. Looking ahead, we'll continue to execute our strategy with confidence, invest in differentiated capabilities, and deploy capital strategically to accelerate growth and create enduring value.”