Leidos Holdings, Inc.

Leidos Holdings, Inc. announced the results of its Annual Meeting of Stockholders held on May 1, 2026. Stockholders approved the Company's 2026 Omnibus Incentive Plan and the 2026 Employee Stock Purchase Plan. Additionally, all director nominees were elected, the compensation of named executive officers was approved on an advisory basis, and Deloitte & Touche LLP was ratified as the independent auditor for the fiscal year ending January 1, 2027.

Leidos Holdings, Inc. completed the acquisition of Entrust for $2.4 billion in cash, significantly expanding its energy infrastructure capabilities within the Homeland segment. For the first quarter of 2026, the company reported a 3.65% increase in revenues to $4.4 billion. However, net income declined by 8.22% to $335 million, and diluted EPS fell by 7.58% to $2.56, partly due to $35 million in acquisition and integration costs. Operating cash flow saw a substantial improvement, rising to $301 million from $58 million in the prior year period.

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.

Leidos Holdings, Inc.'s wholly-owned subsidiary, Leidos Inc., has entered into a Contribution and Equity Purchase Agreement with affiliates of Altaris, LLC to form a new joint venture. This JV will combine Leidos' Security Enterprise Solutions and Industrial Automation businesses with Analogic Corporation, an Altaris portfolio company. Leidos Inc. will hold 41.5% of the JV's equity, while Altaris affiliates will hold 58.5%. The transaction is expected to close in the second half of 2026, subject to customary closing conditions.