Leidos Holdings, Inc. · LDOS · Next earnings

Leidos Holdings, Inc. reports Tuesday, Feb 16, 2027

LDOS reports before market open with consensus EPS at $2.80 and revenue at $4.56B. Last quarter: Leidos Q3: Defense Tech strength offsets unresolved Health contract questions

Reports Before market open103 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $2.80 Calendar consensus
Consensus revenue $4.56B Calendar consensus
Report date Feb 16, 2027 Tuesday, date estimated
Session Before market open 103 days away

Where LDOS left off: FY2026 Q3

Full report

Leidos Q3: Defense Tech strength offsets unresolved Health contract questions

EPS surprise +19.5% Reported $3.62 vs $3.03
Revenue surprise -1.8% Reported $4.63B vs $4.71B
Stock move -6.5% Event window
Subsequent drift 0.0% Up to 20 sessions

Q4 EPS and cash-flow guidance were raised; adjusted EBITDA guidance was maintained in the mid-13% range.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • The VBA disability-exam contract award remains uncertain and could affect Health performance.
  • Government procurement delays and cost-plus pricing pressures could weigh on execution or profitability.
  • Scaling Defense Tech production requires successful capacity and program execution.
  • The continuing resolution and government-funding dependence remain sources of uncertainty.
  • Integration of the SES joint venture and Entrust acquisition creates execution risk.

Questions analysts left open

  • Whether the book-to-bill ratio and backlog can continue to support growth.
  • Timing and outcome of the VBA contract award.
  • The timing and capital intensity of the Defense Tech production ramp.
  • Health and Defense Tech margin performance as contracts and production evolve.
  • Potential profitability pressure from cost-plus contracts.

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Recent LDOS quarters

All LDOS earnings
-6.5%FY2026 Q3+10.0%FY2026 Q2-7.8%FY2026 Q1-8.4%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.