Leidos Lifts 2026 Profit and Revenue Outlook on Strong Defense Demand, Shares Jump 10%
LDOS sits 30% above its 52-week low of $98.86.
Summary
Leidos raised the lower end of its 2026 adjusted EPS guidance to $12.20 from $12.10, keeping the upper end at $12.50, with the new midpoint above the $12.33 consensus. Full-year revenue guidance was also lifted at the low end to $18.2B from $18.0B, while the high end remains $18.4B. The raise follows a Q2 beat with revenue of $4.56B (+7% YoY) versus $4.44B expected, driven by defense tech, energy, and intelligence demand. Shares surged nearly 10% in morning trading, reflecting the guidance upgrade and continued momentum from recent large contract wins, including a $2.7B Army hypersonics award and a $717M Air Force task order. The company is benefiting from elevated defense spending, with the proposed $1.5T military budget for FY2027 providing a strong tailwind.
At the time of this announcement, LDOS was trading at $128.93 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $16.2B. The 52-week trading range was $98.86 to $205.77. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.