LDOS · News · 20260804N
Operating Income and Margins
Leidos Holdings, Inc. · 2026-08-04 · Importance 44 · Surprise 24 · In source text
Leidos reported second-quarter adjusted EBITDA of $631 million, representing a 13.8% non-GAAP adjusted EBITDA margin. The quarter's adjusted EBITDA margin reflects profitability on $4.6 billion of revenue. Management attributed the earnings performance to strong defense segment execution and growth under the North Star 2030 strategy. Health-related pressure, including suspended Department of Veterans Affairs incentive payments, remained a countervailing profitability and earnings consideration.
Key facts
- Adjusted EBITDA (non-GAAP) for Q2 2026: $631 million and Adjusted EBITDA margin (non-GAAP): 13.8% source
- Net income for Q2 2026: $356 million or $2.81 per diluted share source
- Non-GAAP diluted EPS for Q2 2026: $3.26, up 2% year-over-year source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +13.8% | Adjusted EBITDA (non-GAAP) for Q2 2026: $631 million and Adjusted EBITDA margin (non-GAAP): 13.8% |