Filing Flows › Leidos Holdings (LDOS) › Q3 2026
Leidos Holdings (LDOS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Leidos Holdings (LDOS) reported revenue of $4.6B for the third quarter 2026 (Q3 2026), +4% from a year earlier and +2% from the quarter before. Operating margin was 11.9%, net earnings $413M (8.9% of revenue).
Leidos Holdings, Q3 2026: revenue $4.6B (+4% year over year), operating margin 11.9%, net earnings $413M, operating cash flow $523M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | +2% | +4% |
| Operating profit | $553M | +8% | +3% |
| Net earnings | $413M | +16% | +12% |
| Operating cash flow | $523M | -34% | -26% |
| Free cash flow | $476M | — | -30% |
What changed
Revenue was $4.6B in Q3 2026, up 4% year over year and up 2% from the previous quarter. Intelligence & Digital was the largest line at 33% of revenue. Homeland added $0.25B year over year (up 32%), 155% of the total change. Health declined 11%.
Operating profit was $0.55B, a 11.9% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 11% reached operating profit, below the 12% margin then. Total costs grew 4% against revenue growth of 4%. Net earnings were $0.41B, up 12% year over year. The effective tax rate was 14.3%.
Operating cash flow was $0.52B (down 26% year over year), 127% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.03B of share-based compensation. After payments for property, equipment and software ($0.05B), free cash flow as the company reports it was $0.48B.
Questions
What was Leidos Holdings' revenue in the third quarter 2026?
Leidos Holdings (LDOS) reported revenue of $4.6B for the third quarter 2026 (Q3 2026), +4% from a year earlier and +2% from the quarter before.
Was Leidos Holdings profitable in the third quarter 2026?
Operating profit was $553M (11.9% of revenue) and net earnings $413M.
Source: Leidos Holdings 10-Q on SEC EDGAR.