Leidos

LDOS · Industrials · Market cap $14.0B

Q1 FY26 Apr 3, 2026 reported May 5, 2026

Revenue$4.4B +4% year over year

Gross profit$0.8B

Operating profit$0.5B

Net profit$0.3B 7% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Apr 3, 2026).
Item	Value	Share of revenue	Year over year
Revenue	4.4	100%	+4%
Health	1.2	27%
Defense	0.9	20%
Homeland	0.8	18%
Commercial and non-U.S. customers	0.6	14%
Time-and-materials and…	0.6	14%
International	0.4	9%
Cost of revenue	−3.6	82%
Gross profit	0.8	17% margin	−1pp
SG&A	−0.2	5%	+0pp
Other	−0	1%	+0pp
Operating profit	0.5	12% margin	−1pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.3	7%	−1pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jul 4, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.3	100%	+3%
National Security & Digital	1.9	44%
Health & Civil	1.3	30%	+1%
Commercial & International	0.6	14%	+1%
Defense Systems	0.5	12%	+10%
Cost of revenue	−3.5	81%
Gross profit	0.8	18% margin	+1pp
SG&A	−0.2	5%	+0pp
Operating profit	0.6	13% margin	+2pp
Tax	−0.1
Interest & other costs	−0.1
Net profit	0.4	9%	+1pp

All figures in billions of U.S. dollars, for Q4 FY24 (period ends Jan 3, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.4	100%	+10%
Commercial & International	2.3	52%
Defense Systems	2	45%
Other	0.1	2%
Cost of revenue	−3.7	84%
Gross profit	0.7	16% margin	+1pp
SG&A	−0.3	6%	+1pp
Operating profit	0.4	10% margin	+1pp
Tax	−0.1
Net profit	0.3	7%	+1pp

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 27, 2024).
Item	Value	Share of revenue	Year over year
Revenue	4.2	100%	+7%
National Security & Digital	1.9	45%
Health & Civil	1.2	29%
Commercial & International	0.6	14%
Defense Systems	0.5	12%
Cost of revenue	−3.4	81%
Gross profit	0.8	18% margin	+3pp
SG&A	−0.2	6%	+0pp
Operating profit	0.5	12% margin	+21pp
Tax	−0.1
Net profit	0.4	9%	+19pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Apr 3, 2026	May 5, 2026	$4.4B	+4%	11%	$0.3B	7%
Q2 FY25	Apr 5 – Jul 4, 2025	Aug 5, 2025	$4.3B	+3%	14%	$0.4B	9%
Q4 FY24	Sep 28, 2024 – Jan 3, 2025	Feb 11, 2025	$4.4B	+10%	9%	$0.3B	7%
Q3 FY24	Jun 29 – Sep 27, 2024	Oct 29, 2024	$4.2B	+7%	12%	$0.4B	9%