Leidos Delivers Strong Second Quarter and Enhances Full-Year Guidance

About this update from Leidos Holdings, Inc.

Revenues of $4.6 billion, up 7% year-over-yearNet income of $356 million or $2.81 per diluted shareAdjusted EBITDA (non-GAAP) of $631 million and Adjusted EBITDA margin (non-GAAP) of 13.8%Non-GAAP Diluted Earnings per Share of $3.26, up 2% year-over-yearCash Flows from Operations of $793 million; Non-GAAP Free Cash Flow of $761 millionRESTON, Va., Aug. 4, 2026 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE: LDOS) today reported financial results for the second quarter of fiscal year 2026, highlighted by robust revenue growth and free cash flow generation. "I'm pleased to report another strong quarter for Leidos," said Chief Executive Officer Tom Bell. "In addition to achieving milestones for revenue and cash, we booked $5 billion of contract awards. We're seeing meaningful growth emerge across our Defense Tech, Energy Infrastructure, and Cyber growth pillars.  And we have greater visibility into the long-term role of our Managed Healthcare pillar. The strength of our balanced portfolio allows us to enhance our 2026 guidance for revenues, earnings, and cash."SUMMARY OPERATING RESULTSThree Months Ended(in millions, except margin and per share data)July 3, 2026July 4, 2025Revenues$               4,558$                4,253Net income $                  356$                   393Net income margin7.8 %9.2 %Diluted earnings per share (EPS)$                 2.81$                  3.01Non-GAAP Measures*:Adjusted EBITDA$                  631$                   647Adjusted EBITDA margin13.8 %15.2 %Non-GAAP diluted EPS$                 3.26$                  3....

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