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Analyst
Joshua Korn
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q1 (6 quarters; questions recorded in 4).
- Questions
- 9on tracked calls
- Challenge rate
- 22%2 of 9 questionsLimited sample
- Companies
- 4questioned at least once
- Reporting periods
- 4with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 9 of 9 questions from 4 companies
LDOSLeidos4 questions · 4 reporting periods · 0 of 4 challenging
Calendar 2026 Q1
I think last quarter, you discussed the tripling of CapEx this year to $350 million. You talked about some growth investments in the remarks with only $31 million of CapEx in Q1, is that still the ...
Show response
Bell confirmed CapEx earmarked but spending is trigger-based, not just because it's budgeted. Whether the full $350 million is spent depends on how programs layer in. Good stewardship of cash means waiting for clear investment triggers before releasing capital.
Calendar 2025 Q2
I wanted to ask specifically about the funding in the reconciliation for O&M. Do you have any benefit from the additions to those funds
Show response
Bell confirmed O&M funding supports sustainment, upgrades, and software enhancements for deployed equipment. Unclear yet whether O&M funds can be redirected to incremental equipment purchases.
Calendar 2025 Q1
the GSA request that was out about a month or two ago regarding potential contract kind of offerings
Show response
Bell described active engagement with GSA through two letter rounds plus face-to-face meetings. Emphasized Leidos does mission-critical work, not consulting, and is positioning as part of the efficiency solution.
Calendar 2024 Q4
you mentioned earlier a pivot away from low-margin work next year. I just wanted to dig in a little bit on what exactly does that mean
Show response
Bell described a gradual approach: overinvest in growth pillars while allowing low-margin, undifferentiated work to attrit on recompetes. Cage specified infrastructure support services and big O&M jobs as examples.
HIIHuntington Ingalls Industries2 questions · 1 reporting period · 1 of 2 challenging
Calendar 2025 Q2
both on the shipbuilding and unmanned side, exactly how you see that flowing through to you, time line and any kind of quantification
Show response
Kastner said reconciliation and FY26 budget together support all programs within the 4% long-term growth guide. Unmanned could provide additional tailwinds beyond the base guide.
have you had any impact or discussions around DOGE at this time
Show response
Some minor DOGE-related contract restructuring could impact 2026 MT revenue, but pipeline still strong at over $90 billion. Comfortable with 2025 guidance.
TDGTransDigm Group2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2025 Q1
Can you give us an idea of where each of those four are on a volume basis relative to pre-pandemic levels?
Show response
Kevin confirmed all four aftermarket submarkets above pre-pandemic except interiors, which hasn't rebounded to peak refurb cycle levels.
Is there any specific domain or area where you're seeing especially strong bookings that gave you confidence?
Show response
Mike said defense strength is uniform across businesses and evenly spread between OEM and aftermarket. Remains optimistic based on booking trends.
LUNRIntuitive Machines, Inc.1 question · 1 reporting period · 1 of 1 challenging
Calendar 2025 Q2
This is Josh Korn on for David. I want to ask -- do you still expect positive EBITDA in Q4 this year?
Show response
Pete confirmed the positive-EBITDA target slipped from Q4 2025 to 2026 because of the EAC, a direct answer that pushed out the profitability timeline.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| LDOS Leidos | 4 | 0%none of 4 questions |
| HII Huntington Ingalls Industries | 2 | —Rate withheld: fewer than 3 questions |
| TDG TransDigm Group | 2 | —Rate withheld: fewer than 3 questions |
| LUNR Intuitive Machines, Inc. | 1 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 1 | 0%none of 1 question | 1 |
| 2025 Q1 | 3 | 0%none of 3 questions | 2 |
| 2025 Q2 | 4 | 50%2 of 4 questions | 3 |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | No questions recorded | — | — |
| 2026 Q1 | 1 | 0%none of 1 question | 1 |
- 2024 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q13 questions · challenge rate 0% (none of 3 questions) · 2 companies
- 2025 Q24 questions · challenge rate 50% (2 of 4 questions) · 3 companies
- 2025 Q3No questions recorded
- 2025 Q4No questions recorded
- 2026 Q11 question · challenge rate 0% (none of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Demand5
- Regulation Policy4
- Margin2
- Capex Investment1
- Guidance Reliability1
- Revenue Growth1
- Competitive Dynamics1