LDOS · 8-K · 20260804PR000243

Revenue Performance and Mix

Leidos Holdings, Inc. · 2026-08-04 · Importance 42 · Surprise 14 · No source text

Second-quarter revenue increased 7% year over year to $4.56 billion from $4.25 billion, including 4% organic growth. Intelligence & Digital revenue rose 6% to $1.50 billion, while Defense revenue increased 6% to $955 million. Homeland revenue grew 32% to $1.02 billion, including $141 million from the ENTRUST Solutions Group acquisition, while Health revenue fell 8% to $1.09 billion because of lower medical disability exam volumes. Homeland, Intelligence & Digital, Health, and Defense represented approximately 22%, 33%, 24%, and 21% of quarterly revenue, respectively, shifting mix toward Homeland and away from Health.

Key facts

• Trailing-twelve-month book-to-bill of 1.1 resulted in year-over-year growth in total and funded backlog of 5% and 44%, respectively source
• Backlog at the end of the quarter was $48.7 billion, of which $10.2 billion was funded source
• Backlog at July 3, 2026 was $48,711 million comprised of $10,223 million funded and $38,488 million unfunded source
• Revenues for the quarter were $4.56 billion, up 7% compared to the second quarter of 2025, including 4% organically source
• Leidos' six months ended revenues were $8,958 million for July 3, 2026 versus $8,498 million for July 4, 2025 source
• Revenues of $4.6 billion for the three months ended July 3, 2026 source
• Leidos reported annual revenues of approximately $17.2 billion for the fiscal year ended January 2, 2026 source
• Backlog at July 4, 2025 was $46,210 million comprised of $7,122 million funded and $39,088 million unfunded source

Impact estimates