Quarterly ResultAug 4, 2026, 11:43 AM
Leidos Acquires Entrust for $2.4B; Q2 Revenue $4.56B
AI Summary
Leidos Holdings, Inc. completed the acquisition of Entrust for $2.4 billion in cash, significantly impacting its Homeland reportable segment. Concurrently, the company announced the divestment of its Security Enterprise Solutions and Industrial Automation businesses to form a new joint venture, where Leidos will retain a 41.5% non-controlling equity interest. For the three months ended July 3, 2026, Leidos reported revenues of $4.56 billion, while net income attributable to common stockholders decreased to $354 million, resulting in diluted EPS of $2.81.
Key Highlights
- Acquired Entrust for $2.4 billion in cash, enhancing the Homeland reportable segment.
- Announced divestment of SES Business to form a joint venture, retaining a 41.5% non-controlling interest.
- Q2 2026 Revenues increased to $4.56 billion from $4.25 billion in Q2 2025.
- Q2 2026 Net income attributable to common stockholders was $354 million, down from $391 million in Q2 2025.
- Q2 2026 Diluted EPS was $2.81, compared to $3.01 in Q2 2025.
- Goodwill increased to $7.66 billion at July 3, 2026, from $6.34 billion at January 2, 2026.
- Remaining Performance Obligations (RPO) stood at $20 billion as of July 3, 2026.
- Net cash provided by operating activities for the six months ended July 3, 2026, was $1.09 billion.
Price Impact
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