LDOS · 10-Q · 2026Q3 · Full report

Revenue Concentration Risk

Leidos Holdings, Inc. · 2026-08-04 · Importance 61 · Surprise 32

U.S. government contracts represented approximately 83% of total revenue in the quarter ended July 3, 2026, down from 87% in the comparable 2025 quarter. U.S. government contracts represented 85% of six-month revenue, compared with 87% in the prior-year six-month period. International customers contributed approximately 9% of quarterly revenue and 8% of six-month revenue, versus 8% for both comparable 2025 periods. The revenue mix leaves Leidos materially dependent on U.S. government spending, particularly national security, homeland security and intelligence programs.

Key facts

• During the three months ended July 3, 2026, approximately 83% of total revenues were generated from contracts with the U.S. government. source
• During the six months ended July 3, 2026, approximately 85% of total revenues were generated from contracts with the U.S. government. source