Nov 2, 5:38 PM ET
Leidos Holdings, Inc. reported third quarter 2026 revenue of $4.63 billion and net income of $413 million, reflecting year-over-year revenue growth of 4%. Following strong quarterly performance, the company raised its full-year 2026 guidance for non-GAAP diluted EPS to a range of $12.50 to $12.70. Shareholders benefit from raised earnings expectations and increased quarterly cash dividends.
- Revenues reached $4.63 billion for the third quarter ended October 2, 2026, up 4% year-over-year.
- Non-GAAP diluted earnings per share grew 19% year-over-year to $3.62.
- Full-year 2026 non-GAAP diluted EPS guidance was raised to $12.50 to $12.70.
- Quarterly cash dividend was increased by 4.7% to $0.45 per share, payable on December 31, 2026.
Read the filing on SEC.gov ↗
Oct 5, 8:21 AM ET
Leidos said on October 5, 2026 that it had completed a joint venture with investment firm Altaris that combines its Security Enterprise Solutions business with Analogic under the Analogic brand. Under the new JV agreement, the AHP Investor will appoint a majority of the board, while Leidos keeps a minority board position, minority protective rights and a significant minority ownership stake. The filing does not disclose a purchase price or the financial results of the businesses.
- JV closed on October 5, 2026, and the amended and restated LLC agreement was signed on the closing date.
- The AHP Investor will appoint a majority of the JV board and hold majority voting power; Leidos will initially designate a minority of board seats.
- No JV member, including Leidos, must make further capital contributions after closing; distributions are made at least once a year as the board determines.
- After the seventh anniversary of the JV closing, Leidos has certain liquidity demand exit rights, subject to limitations in the agreement.
Read the filing on SEC.gov ↗
Oct 1, 9:10 AM ET
Leidos said its board increased to 11 members and elected Jeff McElfresh, AT&T's chief operating officer, as a director effective October 1, 2026. The board determined he is independent under New York Stock Exchange rules, and he joins the Corporate Governance and Ethics and Technology and Information Security committees. The filing describes a board addition rather than a change in company financial results or operations.
- Jeff S. McElfresh elected director effective October 1, 2026; board size raised to 11 members.
- Board determined McElfresh is independent under New York Stock Exchange requirements.
- He will serve on the Corporate Governance and Ethics and Technology and Information Security committees.
- Filing states no arrangements or understandings with any other person for his selection, and no related-party transactions under Item 404(a).
Read the filing on SEC.gov ↗
Aug 3, 5:42 PM ET
Leidos reported second-quarter fiscal 2026 revenue of $4.56 billion, up 7% year-over-year, while GAAP net income fell 9% to $356 million and GAAP diluted EPS fell to $2.81 from $3.01. The company raised its fiscal 2026 guidance for revenue, non-GAAP diluted EPS and operating cash flow, but GAAP profit declined from the prior year.
- Revenue $4.56 billion, up 7% (4% organic); GAAP diluted EPS $2.81 vs. $3.01 a year earlier
- Non-GAAP diluted EPS $3.26, up 2%; adjusted EBITDA $631 million, down 2%, with margin of 13.8% vs. 15.2%
- FY26 guidance raised: revenue $18.20–$18.40 billion (from $18.00–$18.40 billion); non-GAAP diluted EPS $12.20–$12.50 (from $12.10–$12.50); operating cash flow about $1.85 billion (from about $1.80 billion)
- Quarterly bookings $4.9 billion; backlog $48.7 billion; $5 billion of contract awards cited by CEO Tom Bell
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.