Quarterly ResultAug 4, 2026, 06:03 AM
Leidos Q2 Revenue $4.56B, Non-GAAP EPS $3.26; Raises FY26 Guidance
AI Summary
Leidos Holdings, Inc. reported strong financial results for the second fiscal quarter ended July 3, 2026, with revenues increasing 7% to $4.56 billion and non-GAAP diluted EPS growing 2% to $3.26. The company also announced robust cash flow generation and significant new contract awards totaling $4.9 billion. Based on this performance, Leidos enhanced its full-year 2026 guidance for revenues, earnings, and cash flow.
Key Highlights
- Q2 2026 revenues reached $4.56 billion, up 7% year-over-year (4% organic).
- Non-GAAP diluted EPS increased 2% year-over-year to $3.26.
- Net bookings totaled $4.9 billion, resulting in a book-to-bill ratio of 1.1.
- Backlog stood at $48.7 billion, with funded backlog at $10.2 billion.
- Raised FY26 revenue guidance to $18.20 - $18.40 billion.
- Raised FY26 non-GAAP diluted EPS guidance to $12.20 - $12.50.
- Raised FY26 operating cash flow guidance to approximately $1.85 billion.
- Secured a $475 million contract from the U.S. Air Force Sustainment Center.
Price Impact
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