What Happened
Defense Contractor Sees Revenue Growth and Improved Profitability
Leidos Holdings, Inc. reported strong financial results for the third quarter of fiscal year 2026, with revenue growth and improved profitability. The company’s revenue for the quarter was $4.63 billion, up 4% compared to the third quarter of 2025. Net income was $413 million, or $3.28 per diluted share. Leidos also enhanced its full-year guidance for the third consecutive quarter, citing robust revenue growth and free cash flow generation. The company’s strong performance was driven by increased customer demand for defense tech products, air traffic management solutions, and intelligence mission support. This news was first reported by PR Newswire.