The financials
Leidos by the numbers
Leidos (LDOS) reported revenue of $4.40B in Q1 2026 (quarter ended April 3, 2026), up 3.7% from the same quarter a year earlier. That came with a gross margin of 17% and net income of $328M (7.5% of revenue). For the full year FY2025, revenue was $17.2B (+3.1% year on year) and net income $1.45B. Its largest segment in 2026-Q2 was Intelligence And Digital at $1.10B, 49% of the disclosed total, just ahead of Defense at 40%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $4.40B | $4.25B | +3.7% |
| Gross profit | $761M | $757M | +0.5% |
| Operating income | $508M | $530M | −4.2% |
| Net income | $328M | $363M | −9.6% |
| Diluted EPS | $2.56 | $2.77 | −7.6% |
| Operating | Revenue | Share |
|---|---|---|
| Intelligence And Digital | $1.10B | 49% |
| Defense | $902M | 40% |
| Health | $219M | 9.8% |
| Homeland | $18M | 0.8% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $2.24B (+3.1%)
Homeland grew +38% year on yearHealth -13% year on year
Segment Latestquarter on quarteryear on year
- Intelligence And Digital$1.10B$1.10BQoQ +1.8%year on year +13%+1.8%+13%
- Defense$902.0M$902.0MQoQ +9.7%year on year +9.3%+9.7%+9.3%
- Health$219.0M$219.0MQoQ -12%year on year -13%-12%-13%
- Homeland$18.0M$18.0MQoQ -10.0%year on year +38%-10.0%+38%
- Commercial And International--QoQ -year on year ---
- Defense Systems--QoQ -year on year ---
- Health And Civil--QoQ -year on year ---
- National Security And Digital--QoQ -year on year ---
Information Technology Services
Ranks #10 of 37 by Smart Score