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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Scott Mikus | Melius Research | 8 (38%) |
| Colin Canfield | Cantor Fitzgerald | 8 (0%) |
| Ken Herbert | RBC Capital Markets | 7 (0%) |
| Seth Seifman | JPMorgan | 7 (14%) |
| Sheila Kahyaoglu | Jefferies | 7 (0%) |
| Gautam Khanna | TD Cowen | 6 (0%) |
| Gavin Parsons | UBS | 6 (0%) |
| Mariana Mora | Bank of America | 6 (0%) |
| Peter Arment | Robert W. Baird | 5 (0%) |
| Tobey Sommer | Truist Securities | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Cantor Fitzgerald | 1 | 8 (0%) |
| Melius Research | 1 | 8 (38%) |
| Jefferies | 2 | 8 (0%) |
| Bank of America | 2 |
| 7 (0%) |
| JPMorgan | 1 | 7 (14%) |
| RBC Capital Markets | 1 | 7 (0%) |
| TD Cowen | 1 | 6 (0%) |
| Truist Securities | 2 | 6 (0%) |
Leidos delivered Q1 FY2026 with revenue of $4.4 billion up 4% total and 3% organically, as non-GAAP EPS of $3.13 grew 5% year-over-year. FY2026 EPS guidance was raised modestly to $12.10-$12.50 reflecting the Entrust acquisition accretion with the organic view unchanged. The defense tech portfolio earned $9 billion in awards over 15 months, and the Entrust acquisition was immediately accretive with integration ahead of schedule. The SES business was moving to a joint venture with Analogic, and a $24 billion cyber pipeline was under cultivation.
Demand | Regulation Policy | Margin | Competitive Dynamics | Revenue Growth | Capex Investment | Capital Allocation | Guidance Reliability | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 5 | 4 | 5 | 1 | 1 | ||
| 2025Q1 | 8 | 8 | 3 | 1 | 2 | 2 | 1 | |
| 2025Q2 | 7 | 5 | 4 | 3 | 2 | 2 | ||
| 2025Q3 | 7 | 2 | 1 | 3 | 3 | 2 | 2 | |
| 2025Q4 | 6 | 2 | 2 | 3 | 2 | 2 | 2 | |
| 2026Q1 | 7 | 4 | 2 | 2 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 8 | 7 | 7 | 6 | 7 |
| Regulation Policy | 5 | 8 | 5 | 2 | ||
| Margin | 4 | 3 | 4 | 1 | 2 | 4 |
| Competitive Dynamics | 5 | 1 | 3 | 3 | 2 | 2 |
| Revenue Growth | 1 | 2 | 2 | 3 | 3 | 2 |
| Capex Investment | 2 | 2 | 2 | 2 | ||
| Capital Allocation | 2 | 2 | 2 | 1 | ||
| Guidance Reliability | 1 | 1 | 2 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $4.37B | +9.7% | $2.12 | +27.7% | 9.6% | 6.5% | $213M |
| FY2025 Q1 | $4.25B | +6.8% | $2.77 | +33.8% | 12.5% | 8.6% | $36M |
| FY2025 Q2 | $4.25B | +2.9% | $3.01 | +27.0% | 13.4% | 9.2% | $457M |
| FY2025 Q3 | $4.47B | +6.7% | $2.82 | +5.2% | 12.0% | 8.2% | $680M |
| FY2025 Q4 | $4.21B | -3.6% | $2.53 | +19.3% | 11.2% | 8.0% | $452M |
| FY2026 Q1 | $4.40B | +3.7% | $2.56 | -7.6% | 11.5% | 7.5% | $270M |
| FY2026 Q2 | $4.56B | +7.2% | $2.81 | -6.6% | 11.3% | 7.8% | $761M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What LDOS and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“several stories of brand-new office for Leidos who does the -- they manufacture the advanced screening technology at airports, et cetera.”
Alexandria completed a build-to-suit for Leidos, an advanced-technology tenant, reflecting Leidos's demand for specialized/secure facility space.
“increased volumes for intelligence community mission support as well as $22 million from the acquisition of Kudu Dynamics.”
Leidos' Kudu Dynamics acquisition contributed $22 million of revenue and expanded its offensive-cyber capabilities.
“we executed a quick, clean close of Entrust this past March, just 2 months after we announced the acquisition itself.”
Leidos closed its Entrust energy-infrastructure acquisition in March, already accretive and expanding its energy services pipeline.
“I was very pleased to have announced our intent to strengthen our nation's Homeland Defense by agreeing to combine our SES business into a joint venture with Analogic.”
Leidos is combining its Security & Enterprise Solutions (SES) business into a joint venture with Analogic, retaining a minority interest.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
LDOS Leidos | 7 | +3.6% | |
| ACN Accenture | 8 | +8.3% | |
| BR Broadridge Financial Solutions | 8 | +7.8% | |
| CDW CDW | 8 | +9.3% | |
| CTSH Cognizant | 8 | +5.8% | |
| EPAM EPAM Systems | 8 | +7.6% | |
| FIS Fidelity National Information Services | 7 | +30.1% | |
| FISV Fiserv, Inc. | 3 | -2.0% | |
| IBM International Business Machines Corporation | 8 | +9.5% | |
| IT Gartner | 8 | +2.0% | |
| JKHY Jack Henry & Associates | 8 | +8.7% |