Jun 2026 (Q2 FY26) — Aug 4, 2026
Leidos Q2 FY26 — Strong Performance Drives Raised Full-Year Guidance
Read the full callLeidos (LDOS) earnings
- Jul 2026
- Jun 2026 (Q2 FY26)
- Jan 2026
Leidos earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,558 | +7.2% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | 11.3 | −2.2 pts YoY | Operating profit / revenue | Quarter to Jul 2026 | For the quarter; a change is in percentage points. |
| Net profit | 354 | −9.5% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Price
$126.05 +0.96% · +$1.2
Performance −31.7% 1Y
1Y: $184.51 on 17 Oct 2025 → $126.05. High $199.55 (4 Nov 2025), low $100 (25 Jun 2026).
- Previous close
- $124.85
- 52-week range
- $100 – $199.55
- One year
- −33.83%
Overview
- Symbol
- LDOS
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Leidos Q1 FY26 — Strong Start and Raised Full-Year Guidance
Read the full callEvery analysed call
Leidos earnings calls (LDOS)
Financials
What the filings say
Net profit, year on year: −9% (quarter to jul 2026 against jul 2025).
| Line item | Sep 2024 | Jan 2025 | Apr 2025 | Jul 2025 | Oct 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,190 | 4,365 | 4,245 | 4,253 | 4,469 | 4,207 | 4,400 | 4,558 |
| Operating profit | 516 | 421 | 530 | 571 | 535 | 473 | 508 | 514 |
| Operating margin | 12.3% | 9.6% | 12.5% | 13.4% | 12.0% | 11.2% | 11.6% | 11.3% |
| Profit before tax | 470 | 375 | 478 | 518 | 484 | 429 | 429 | 451 |
| Tax rate | 23.0% | 24.8% | 23.6% | 24.1% | 23.8% | 21.9% | 21.9% | 21.1% |
| Net profit | 364 | 284 | 363 | 391 | 367 | 327 | 328 | 354 |
| EPS ($ per share) | 2.72 | — | 2.79 | 3.03 | 2.87 | — | 2.60 | 2.81 |
| Line item | Dec 2018 | Jan 2020 | Jan 2021 | Dec 2021 | Dec 2022 | Dec 2023 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 372 | 896 | 1,328 | 1,880 | 2,367 | 2,364 | 3,410 | 4,647 |
| Total liabilities | 5,459 | 5,950 | 8,640 | 8,917 | 8,718 | 8,437 | 8,550 | 8,531 |
| Fixed assets | 237 | 287 | 604 | 670 | 847 | 961 | 991 | 961 |
| Total assets | 8,770 | 9,367 | 12,511 | 13,261 | 13,071 | 12,695 | 13,010 | 13,493 |
| Line item | Dec 2018 | Jan 2020 | Jan 2021 | Dec 2021 | Dec 2022 | Dec 2023 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 768 | 992 | 1,334 | 1,033 | 992 | 1,187 | 1,435 | 1,750 |
| Cash from investing | -114 | 65 | -2,815 | -730 | -313 | -211 | -142 | -405 |
| Cash from financing | -707 | -709 | 1,451 | -113 | -865 | -715 | -1,084 | -1,145 |
| Net cash flow | -53 | 348 | -30 | 188 | -192 | 267 | 199 | 213 |
| Capital expenditure | -73 | -121 | -183 | -104 | -129 | -207 | -149 | -125 |
| Free cash flow | 695 | 871 | 1,151 | 929 | 863 | 980 | 1,286 | 1,625 |
LDOS revenue by segment
| Segment | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Intelligence and Digital | — | — | — | — | — | — | 34% | 33% | — |
| Health | — | — | — | — | — | — | 27% | 24% | — |
| Homeland | — | — | — | — | — | — | 19% | 22% | — |
| Defense | — | — | — | — | — | — | 20% | 21% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
LDOS operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Book-to-bill ratio | 0.8 ratioStill, we're pleased with the solid book-to-bill ratio of 0.8 in the quarter and 1.1x for the trailing 12 months.Source: earnings call transcript | 1.1 ratioOperating cash flow reached a Q2 record of nearly $800 million and we booked $5 billion in net awards, delivering a solid 1.1 book-to-bill ratio.Source: earnings call transcript | +37.5% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2027 · share of revenue
- US 91% ↓ 1 pt
- Non Us 9% ↑ 1 pt
As LDOS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
145 filings between Nov 14, 2025 and Oct 7, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$3.18M
9 sales by 3 insiders
56% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 66
- Award — granted as compensation
- 10
- Option exercise — converted options into shares
- 58
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Porter Elizabeth A | — | $1.44M | Apr 7, 2026 |
| Geer Noel B | — | $1.41M | Aug 11, 2026 |
| May Gary Stephen | — | $337.9K | Sep 1, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 7, 2026 | KRAEMER HARRY M JANSEN JR Director | Award | 297 | $0 |
| Sep 30, 2026 | SHAPARD ROBERT S Director | Award | 6 | $0 |
| Sep 30, 2026 | Stevens Roy E Sector President | Award | 6 | $0 |
| Sep 30, 2026 | Antal Daniel J. EVP, General Counsel | Award | 5 | $0 |
| Sep 30, 2026 | Cage Christopher R Chief Financial Officer | Award | 93 | $0 |
| Sep 30, 2026 | KRAEMER HARRY M JANSEN JR Director | Award | 463 | $0 |
| Sep 1, 2026 | May Gary Stephen Director | Sale | 1,000 | $140.8K |
| Aug 11, 2026 | Geer Noel B Director | Sale | 8,500 | $1.20M |
| Aug 11, 2026 | Geer Noel B Director | Sale | 1,500 | $211.6K |
| Aug 4, 2026 | Cage Christopher R Chief Financial Officer | Tax withheld | 4,584 | $544.2K |
| Aug 4, 2026 | Porter Elizabeth A Sector President | Tax withheld | 5,092 | $604.5K |
| Aug 4, 2026 | Stevens Roy E Sector President | Tax withheld | 4,584 | $544.2K |
| Jul 6, 2026 | KRAEMER HARRY M JANSEN JR Director | Award | 310 | $0 |
| Jun 30, 2026 | Antal Daniel J. EVP, General Counsel | Award | 6 | $0 |
| Jun 30, 2026 | SHAPARD ROBERT S Director | Award | 7 | $0 |
| Jun 30, 2026 | KRAEMER HARRY M JANSEN JR Director | Award | 565 | $0 |
| Jun 30, 2026 | Stevens Roy E Sector President | Award | 8 | $0 |
| Jun 30, 2026 | Cage Christopher R Chief Financial Officer | Award | 113 | $0 |
| May 8, 2026 | May Gary Stephen Director | Award | 1,067 | $0 |
| May 8, 2026 | Norton Nancy A Director | Award | 1,067 | $0 |
| May 8, 2026 | Shanahan Patrick M Director | Award | 1,067 | $0 |
| May 8, 2026 | KRAEMER HARRY M JANSEN JR Director | Award | 1,067 | $0 |
| May 8, 2026 | SHAPARD ROBERT S Director | Award | 1,067 | $0 |
| May 8, 2026 | Dahlberg Gregory R Director | Award | 1,067 | $0 |
| May 8, 2026 | Fubini David G Director | Award | 1,067 | $0 |
| May 8, 2026 | Geer Noel B Director | Award | 1,067 | $0 |
| May 8, 2026 | Jonas Tina W Director | Award | 1,067 | $0 |
| May 7, 2026 | May Gary Stephen Director | Option exercise | 3,345 | $250.9K |
| May 7, 2026 | May Gary Stephen Director | Sale | 1,484 | $197.0K |
| May 7, 2026 | May Gary Stephen Director | Tax withheld | 1,861 | $251.0K |
| May 5, 2026 | Bell Thomas Arthur CEO | Tax withheld | 2,530 | $376.5K |
| May 3, 2026 | Antal Daniel J. EVP, General Counsel | Tax withheld | 188 | $28.1K |
| May 3, 2026 | Antal Daniel J. EVP, General Counsel | Tax withheld | 18 | $2.7K |
| May 3, 2026 | Antal Daniel J. EVP, General Counsel | Award | 9 | $0 |
| May 1, 2026 | KRAEMER HARRY M JANSEN JR Director | Award | 10 | $0 |
| Apr 10, 2026 | KRAEMER HARRY M JANSEN JR Director | Award | 221 | $0 |
| Apr 7, 2026 | Porter Elizabeth A Sector President | Sale 10b5-1 plan | 85 | $13.5K |
| Apr 7, 2026 | Porter Elizabeth A Sector President | Sale 10b5-1 plan | 1,915 | $304.0K |
| Mar 31, 2026 | Stevens Roy E Sector President | Award | 5 | $0 |
| Mar 31, 2026 | Cage Christopher R Chief Financial Officer | Award | 74 | $0 |
| Mar 31, 2026 | SHAPARD ROBERT S Director | Award | 5 | $0 |
| Mar 31, 2026 | Antal Daniel J. EVP, General Counsel | Award | 3 | $0 |
| Mar 31, 2026 | KRAEMER HARRY M JANSEN JR Director | Award | 364 | $0 |
| Mar 16, 2026 | Dahlberg Gregory R Director | Option exercise | 3,345 | $250.9K |
| Mar 16, 2026 | Dahlberg Gregory R Director | Tax withheld | 1,444 | $251.1K |
| Mar 8, 2026 | Hull Stephen Edward Sector President | Tax withheld | 499 | $88.8K |
| Mar 8, 2026 | O'Connor Jason M. Sector President | Tax withheld | 57 | $10.1K |
| Mar 8, 2026 | Fautsch Leslie K. Chief Human Resources Officer | Tax withheld | 74 | $13.2K |
| Mar 8, 2026 | Porter Elizabeth A Sector President | Tax withheld | 588 | $104.6K |
| Mar 8, 2026 | Cage Christopher R Chief Financial Officer | Tax withheld | 676 | $120.3K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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