Leidos reports Q2 2026 financial results and raises guidance
Revenues grew 7% to $4.6 billion, net income was $356 million, and free cash flow was $761 million.
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Defense, health, and critical infrastructure solutions provider
leidos.comLast updated
In short: Leidos raised guidance after strong Q2 results and secured major AI, cyber, and naval defense contracts.
Revenues grew 7% to $4.6 billion, net income was $356 million, and free cash flow was $761 million.
The dividend of $0.43 per share is payable September 30, 2026. The board authorized repurchase of up to 20 million shares, superseding the prior program.
Four awards to modernize IT systems for diplomats globally, enhancing cybersecurity and infrastructure.
The company will expand workforce and facilities in Alabama and Tennessee, with production starting in 2027.
Leidos completes its security screening joint venture with Altaris, keeping a 41.5% stake as shares trade near a 52-week low.
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Net bookings reached $4.9 billion, with a 1.1 book-to-bill ratio, and backlog closed the quarter at $48.7 billion, up 44 percent.
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