Leidos Raises 2026 Guidance and Outlines $1 Billion Munitions Strategy by 2030
Leidos Holdings, Inc. (LDOS) reported strong third-quarter results characterized by broad-based operational improvements. The company saw a 4% increase in revenue and a significant 19% year-over-year rise in non-GAAP diluted earnings per share. Adjusted EBITDA also improved to 13.9%, supported by robust free cash flow of $476 million during the quarter. Looking ahead, CEO Thomas Bell outlined an ambitious strategic roadmap aimed at the munitions sector, targeting a $1 billion path by 2030. This long-term growth initiative, combined with raised guidance for 2026, signals management's confidence in expanding their footprint within defense and mission-critical technologies.
Tickers: $LDOS
Topics: Adjusted EBITDA EPS Free Cash Flow Revenue Growth
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