Revenue $4.56B, up 7.2% on a year earlier. Backlog $48.71B, up 5.4%. Funded backlog $10.22B, up 43.5%. Diluted EPS $2.81 against $3.01.
| Q2 FY26 | Q1 FY26 | Q2 FY25 | Year over year | |
|---|---|---|---|---|
| Revenue | $4.56B | $4.40B | $4.25B | +7.2% |
| Operating income | $514.00M | $508.00M | $571.00M | -10.0% |
| Net income | $354.00M | $328.00M | $391.00M | -9.5% |
| Diluted EPS | $2.81 | $2.56 | $3.01 | |
| Operating cash flow | $793.00M | $301.00M | $486.00M | +63.2% |
| Capital expenditures | -$32.00M | -$31.00M | -$29.00M | |
| Free cash flow | $761.00M | $270.00M | $457.00M | +66.5% |
| Dividend per share | $0.43 | $0.43 | $0.40 |
| Q2 FY26 | Q2 FY25 | Year over year | |
|---|---|---|---|
| Backlog | $48.71B | $46.21B | +5.4% |
| Funded backlog | $10.22B | $7.12B | +43.5% |
| Revenues Growth | 7.2% | 2.93% | |
| Unfunded Backlog | $38.49B | $39.09B | -1.5% |
| Organic revenue growth | 3.9% | 2.6% |
The week's biggest guidance misses, KPI surprises and one chart.
Stock Atlas, “Leidos Holdings (LDOS) Q2 FY26 earnings: results and KPIs”, stockatlas.com/companies/LDOS/earnings/2026-q2/, data as of 3 November 2026. Links to this page are welcome.
