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AI brief of an SEC Form 8-K · Leidos (LDOS)

Leidos Q1 net income rises 29% to $365 million; FY25 guidance reaffirmed

Mixed Impact 3 of 5 earnings Written later

Leidos reported first-quarter fiscal 2025 revenue of $4.25 billion, up 7%, and net income of $365 million, or $2.77 per diluted share, up 34% from $2.07 a year earlier. The company reaffirmed its full-year 2025 guidance, including revenue of $16.90 billion to $17.30 billion and non-GAAP diluted EPS of $10.35 to $10.75, while operating cash flow fell to $58 million from $113 million.

Key points

  • Revenue $4.25 billion, up 7%; net income $365 million, up 29%; GAAP diluted EPS $2.77 versus $2.07
  • Non-GAAP diluted EPS $2.97, up 30%; adjusted EBITDA $601 million, a 14.2% margin
  • Operating cash flow $58 million versus $113 million a year earlier; free cash flow $36 million
  • Backlog recast under a new policy to $46.3 billion; company also disclosed a pending $300 million cyber acquisition and a $500 million accelerated share repurchase

The filing

CompanyLeidos (LDOS)
Form8-K, current report
Filed with the SECMay 5, 2025, 6:44 PM ET
Accession number0001336920-25-000012

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.