LDOS · 10-Q · 2026Q4 · Full report

Segment Revenue Performance

Leidos Holdings, Inc. · 2026-11-03 · Importance 47 · Surprise 48

Intelligence & Digital revenue increased 5.0% to $4.558 billion for the nine months ended October 2, 2026, primarily due to program wins, partially offset by lower volumes and completed contracts. Health revenue declined 6.5% to $3.342 billion, reflecting reduced managed health services volumes and lower related incentive fees. Homeland revenue increased 23.4% to $2.858 billion, including $294 million from Entrust and growth in volumes and program wins. Defense revenue increased 3.4% to $2.830 billion, primarily from program wins and increased volumes on existing contracts.

Key facts

• Homeland nine-month revenue growth included $294 million recognized from the Entrust acquisition and a $47 million favorable exchange-rate impact, alongside increased volumes and program wins; completion of contracts and a prior-year business divestiture partially offset growth. source
• Homeland three-month revenue growth included $142 million recognized from the Entrust acquisition and a $10 million favorable exchange-rate impact, alongside increased volumes and program wins. source
• Health revenue and operating income decreased in the three and nine months ended October 2, 2026, primarily due to reduced managed health services program volumes and reduced related incentive fees in the second half of fiscal 2026. source
• Intelligence & Digital revenue increases in the three and nine months ended October 2, 2026, were primarily attributable to program wins, partially offset by net decreases in volumes and completion of certain contracts. source
• Defense revenue increases in the three and nine months ended October 2, 2026, were primarily attributable to program wins and increased volumes on existing contracts, partially offset by completion of certain contracts. source