Quarterly ResultMay 5, 2026, 06:08 AM
Leidos Q1 Revenue $4.4B, Non-GAAP EPS $3.13; Raises FY26 Guidance
AI Summary
Leidos Holdings, Inc. reported strong financial results for the first quarter of fiscal year 2026, with revenues increasing 4% year-over-year to $4.4 billion and non-GAAP diluted EPS rising 5% to $3.13. The company also achieved $614 million in Adjusted EBITDA and generated $301 million in cash flows from operations. Strategic execution included the quick close of the Entrust acquisition and the signing of a security products joint venture. Based on this performance and ongoing confidence, Leidos raised its full-year 2026 guidance for revenues, non-GAAP diluted EPS, and cash flows from operating activities.
Key Highlights
- Q1 Revenues reached $4.4 billion, a 4% year-over-year increase (3% organically).
- Non-GAAP Diluted EPS for Q1 was $3.13, marking a 5% year-over-year increase.
- Adjusted EBITDA for Q1 grew 2% to $614 million, with a 14.0% margin.
- Cash flows from operations were $301 million; Non-GAAP Free Cash Flow was $270 million.
- Full-year 2026 revenue guidance raised to $18.00-$18.40 billion.
- Full-year 2026 Non-GAAP Diluted EPS guidance raised to $12.10-$12.50.
- Net bookings totaled $3.3 billion, bringing backlog to $48.4 billion.
- Board declared a cash dividend of $0.43 per share, payable June 30, 2026.