Leidos Q1 revenue rises 4% to $4.4 billion; company raises full-year guidance
Leidos reported first-quarter fiscal 2026 revenue of $4.4 billion, up 4% from a year earlier, and net income of $335 million, or $2.56 per diluted share, down 8%. Non-GAAP diluted EPS rose 5% to $3.13 after excluding $39 million in Entrust acquisition and joint venture costs, and the company raised its fiscal 2026 revenue and non-GAAP EPS guidance.
Key points
- Revenue of $4.4 billion, up 4%, with 3% organic growth
- GAAP diluted EPS of $2.56 vs. $2.77; non-GAAP diluted EPS of $3.13, up 5%
- Fiscal 2026 revenue guidance raised to $18.00 billion to $18.40 billion from $17.50 billion to $17.90 billion
- Fiscal 2026 non-GAAP diluted EPS guidance raised to $12.10 to $12.50 from $12.05 to $12.45
The filing
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 04, 2026.
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.