Leidos reports higher third-quarter earnings and raises 2026 EPS, cash flow guidance

Leidos reported third-quarter fiscal 2026 revenue of $4.63 billion for the period ended October 2, up 4% year over year, with GAAP net income of $413 million, or $3.28 per diluted share, and non-GAAP diluted EPS of $3.62. The company raised its 2026 non-GAAP EPS guidance to $12.50-$12.70 from $12.20-$12.50 and operating cash flow guidance to approximately $1.90 billion, while lowering revenue guidance to $18.00-$18.20 billion after forming a joint venture with Altaris; it also reported $5.5 billion in quarterly bookings and declared a quarterly dividend of $0.45 per share payable December 31, 2026.