Filing Flows › Leidos Holdings (LDOS) › Q3 2026 › vs Q2 2026
Leidos Holdings (LDOS) Q3 2026 vs Q2 2026 (quarter over quarter)
Leidos Holdings's revenue rose $72.0M (+2%) from $4.6B in Q2 2026 to $4.6B in Q3 2026. The biggest changes: Intelligence & Digital +$45.0M (+3%); Defense +$37.0M (+4%); Health −$18.0M (-2%). Operating margin 11.9% against 11.3% (+0.7 pts).
Leidos Holdings, Q3 2026: revenue $4.6B (+4% year over year), operating margin 11.9%, net earnings $413M, operating cash flow $523M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.9% | 11.3% | +0.7 pts |
| Net margin | 8.9% | 7.8% | +1.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Intelligence & Digital | $1.5B | $1.5B | $45.0M | +3% |
| Health | $1.1B | $1.1B | −$18.0M | -2% |
| Homeland | $1.0B | $1.0B | $5.0M | +0.5% |
| Defense | $992M | $955M | $37.0M | +4% |
| Revenue | $4.6B | $4.6B | $72.0M | +2% |
| Operating profit | $553M | $514M | $39.0M | +8% |
| Costs & expenses | $4.1B | $4.0B | $33.0M | +0.8% |
| Pre-tax earnings | $482M | $451M | $31.0M | +7% |
| Other expense, net | $71.0M | $63.0M | $8.0M | +13% |
| Cost of revenue | $3.8B | $3.7B | $69.0M | +2% |
| SG&A | $262M | $283M | −$21.0M | -7% |
| Net earnings | $413M | $356M | $57.0M | +16% |
| Income tax | $69.0M | $95.0M | −$26.0M | -27% |
| Depreciation & amortization | $76.0M | $81.0M | −$5.0M | -6% |
| Share-based compensation | $28.0M | $26.0M | $2.0M | +8% |
| Working capital & other | $6.0M | $330M | −$324M | -98% |
| Operating cash flow | $523M | $793M | −$270M | -34% |
Questions
How much did Leidos Holdings's revenue grow quarter over quarter in Q3 2026?
Leidos Holdings's revenue rose $72.0M (+2%) from $4.6B in Q2 2026 to $4.6B in Q3 2026.
What drove Leidos Holdings's revenue change in Q3 2026?
Intelligence & Digital +$45.0M (+3%); Defense +$37.0M (+4%); Health −$18.0M (-2%).