Leidos Holdings, Inc. (LDOS) Earnings Call Transcripts
Leidos Holdings, Inc.'s Latest Earnings Call - September 9, 2026
In the third quarter of fiscal year 2026, Leidos Holdings, Inc. (LDOS) reported revenues of $3.6 billion, reflecting a 6% growth driven by robust demand in defense technology and homeland security sectors. The company raised its full-year organic growth guidance to 8%, signaling confidence in its growth trajectory. Earnings per share (EPS) details were not disclosed, but management highlighted strong performance across several key programs, particularly in defense and energy infrastructure, which are expected to contribute significantly to future growth.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $3.6B (beat) |
| Organic Growth Guidance | 8% (positive) |
| Defense Revenue Growth | 6% (positive) |
| Health Segment Margins | 20% (negative) |
| Entrust Addressable Market Expansion | 3x (positive) |
| FAA Program Revenue Contribution | null (neutral) |
Guidance from management
Leidos raised its organic growth guidance for the second half of 2026 to 8%, reflecting confidence in strong demand across its defense and energy sectors. Health segment margins are expected to moderate due to changes in incentive payments.
What management said
It's not 45% of Leidos' earnings. It's a meaningful share of Leidos' earnings. $2 billion is probably not out of the range when you consider all 6 of the contract vehicles in there, maybe a little bit less than that because we do other things for -- within that QTC business of Leidos too. But yes, it's certainly north of $1 billion worth of activity, and it's been a highly profitable program.
What analysts pressed on
Analysts expressed concerns regarding the health segment's profitability due to the suspension of incentive payments and the uncertainty surrounding the VBA program recompete. There are also questions about how the integration of Entrust will impact overall performance and margins.
Main topics on the call
- Revenue Growth Acceleration — Leidos reported a 6% revenue growth in Q3, with management raising guidance for the second half to 8%. Chris Cage stated, "the demand signal from the customer is very robust," indicating strong underlying business moment...
- Defense Technology Demand — The defense segment grew 6% in the quarter, driven by increased demand for integrated air defense systems. Cage noted, "the integrated air defense demand signal continues to be robust," highlighting the strength of their...
- Health Segment Challenges — Management indicated that health margins are expected to moderate by 200 basis points due to the suspension of incentive payments. Cage mentioned, "we've signaled that those margins will moderate down, averaging about 20...
- Entrust Acquisition Integration — Leidos is integrating the Entrust acquisition, which is expected to significantly scale up their energy infrastructure capabilities. Cage stated, "we've expanded our addressable market collectively, probably by 3x from w...
Read the full Leidos Holdings, Inc. transcript (September 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Leidos Holdings, Inc.
Leidos Holdings, Inc. (LDOS) is a publicly listed company in the Professional Services industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 75 calls on record spanning February 4, 2020 to September 9, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 75 Leidos Holdings, Inc. earnings call transcripts on record, spanning February 4, 2020 to September 9, 2026. Based on this history, Leidos Holdings, Inc. reports quarterly. The most recent call on file is dated September 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- LDOS
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Professional Services
- Calls on record
- 75
- First call
- February 4, 2020
- Most recent
- September 9, 2026
- Reporting cadence
- quarterly