Leidos Holdings, Inc. filed its Form 10-Q for the quarterly period ended October 2, 2026, with the SEC on November 3, 2026, reporting third-quarter revenues of $4.630 billion and net income attributable to common stockholders of $410 million.

Key Highlights

  • Q3 2026 revenues: $4.630 billion, compared to $4.469 billion in Q3 2025, according to the filing.
  • Q3 2026 net income attributable to Leidos common stockholders: $410 million, up from $367 million in the prior-year quarter.
  • Diluted earnings per share: $3.28 for Q3 2026, versus $2.82 for Q3 2025.
  • Nine-month revenues: $13.588 billion for the nine months ended October 2, 2026, compared to $12.967 billion for the same period of 2025.
  • Total assets: $15.466 billion at October 2, 2026, including goodwill of $7.725 billion, up from total assets of $13.493 billion at January 2, 2026.
  • Share repurchases: The company repurchased approximately 3 million shares in Q3 2026, at a combined cost of $508 million including retained-earnings reductions, according to the equity statements.
  • Quarterly dividend: $0.43 per share declared in each of the three quarters covered by the filing.

Leidos Q3 2026 Financial Results: Revenue Growth and Balance Sheet Changes

According to the filing, Leidos Holdings, Inc. (NYSE:LDOS) reported third-quarter 2026 revenues of $4.630 billion, a increase from $4.469 billion in the comparable prior-year period. Operating income for Q3 2026 was $553 million, compared to $535 million in Q3 2025. Net interest expense rose to $67 million in Q3 2026 from $51 million in Q3 2025, and income tax expense was $69 million versus $115 million in the prior-year quarter, the filing disclosed. Net income for Q3 2026 was $413 million in total, with $410 million attributable to Leidos common stockholders.

For the nine months ended October 2, 2026, the company reported revenues of $13.588 billion and net income attributable to common stockholders of $1.092 billion, compared to $12.967 billion and $1.121 billion, respectively, for the nine months ended October 3, 2025, according to the filing. Acquisition, integration and restructuring costs rose to $74 million for the nine-month period in 2026 from $10 million in the comparable 2025 period. Basic earnings per share for the nine-month period were $8.74 in 2026 versus $8.69 in 2025; diluted earnings per share were $8.67 versus $8.62.

The condensed consolidated balance sheet as of October 2, 2026, showed total assets of $15.466 billion, including goodwill of $7.725 billion compared to $6.342 billion at January 2, 2026. The filing also reflected $904 million in assets held for sale and $171 million in liabilities held for sale at the end of the quarter, which were not present at the prior fiscal year-end. Long-term debt, net of current portion, increased to $6.009 billion from $4.628 billion at January 2, 2026. Total stockholders' equity stood at $5.225 billion, with 121,996,926 shares issued and outstanding as of October 2, 2026, down from 126,380,657 shares at January 2, 2026. The company reported 121,994,697 shares issued and outstanding as of October 27, 2026.

What Was Disclosed

Leidos Holdings filed its quarterly report covering the period ended October 2, 2026, disclosing Q3 and nine-month revenue, earnings, and balance sheet data, including higher goodwill following acquisition activity, new assets and liabilities held for sale, increased long-term debt, and ongoing share repurchases and dividends.