What Leidos's latest 10-Q says: 8 signals

Leidos filed its latest 10-Q with the SEC on Aug 4, 2026. It discusses acquisition completed, backlog growth and capacity constraint.

Public (LDOS)Armed Forces10,000+ employeesleidos.comLinkedIn

Filed: Aug 4, 2026
Filings: 2
Signals: 20

10-Q · latest 10

What Leidos's 10-Q filings say

10-Q
Filed Aug 4, 2026 · 8 signals
SEC EDGAR
- Acquisition completedNeutral
  Leidos completed its $2.34B acquisition of Entrust and is now focused on complex integration.
  The company is actively integrating Entrust into its financial and internal control systems, a process that is already increasing operating losses due to high costs.
  $2.3B
  Cash paid for the acquisition of Entrust, net of cash acquired.
- RestructuringNegative
  Leidos is absorbing the $2.3B Entrust acquisition, leading to rising integration costs.
  The recent acquisition of Entrust (March 2026) is increasing operating losses due to significant integration costs and the complex process of merging it into Leidos's system of internal controls.
  $2.3B
  Cash paid for Entrust acquisition, net of cash acquired
- Major contract winPositive
  Leidos secured $4.9 billion in new contract bookings in Q2 2026, growing total backlog to $48.7B.
  This massive influx of new business will pressure the company to scale operations, technology infrastructure, and staffing to meet significant delivery obligations.
  $4.9B
  Net bookings for the quarter ended July 3, 2026.
- Debt refinancingNeutral
  Leidos raised $1.4B in new debt to fund Entrust acquisition.
  The company issued $600M and $800M in senior notes in March 2026, increasing total debt to $6.0B to fund the Entrust acquisition.
  $1.4B
  New senior unsecured notes issued to fund acquisition
- Capacity constraintPositive
  Leidos's net bookings surged 37% YoY to $8.2B, increasing pressure to scale delivery.
  With a 37% year-over-year increase in H1 bookings and a total backlog of $48.7B, Leidos faces significant pressure to scale its operations to deliver on these new contract commitments.
  $8.2B
  Net bookings for the six months ended July 3, 2026
  37%
  Year-over-year increase in six-month net bookings
- Backlog growthPositive
  Total backlog grew to $48.7B, driven by $4.9B in new Q2 bookings.
  A 25% year-over-year increase in quarterly bookings and a rise in total backlog to $48.7B indicates strong demand and future revenue.
  $48.7B
  Total backlog as of July 3, 2026
  25.6%
  Year-over-year increase in quarterly net bookings ($4.9B vs $3.9B)
- Margin pressureNegative
  Defense segment operating income down 3.9% YTD due to loss of high-margin contracts.
  The Defense segment is experiencing profitability challenges as higher-margin contracts conclude, causing a year-to-date drop in operating income despite revenue growth.
  -3.9%
  Decrease in Defense segment operating income for the six months ended July 3, 2026
10-Q
Filed May 5, 2026 · 12 signals
SEC EDGAR
- RestructuringNeutral
  Leidos acquires Entrust for $2.34B, incurring $25M in immediate integration costs
  The acquisition of Entrust for $2.338 billion is driving a significant increase in integration and restructuring costs, starting with a $25 million hit in the Homeland segment.
  $2.3B
  net cash paid for the acquisition of Entrust
  Entrust
- RestructuringNeutral
  Leidos issued $1.4B in new senior notes in March 2026 to fund acquisition
  To fund the Entrust acquisition, Leidos issued $1.4 billion in new debt, increasing its total debt load to $6.3 billion.
  $1.4B
  new senior unsecured notes issued to fund acquisition
- Acquisition completedNeutral
  Leidos completes $2.34B acquisition of Entrust, initiating major integration project
  Leidos completed its acquisition of Entrust on March 27, 2026, for approximately $2.34 billion.
  $2.3B
  Net cash paid for the acquisition of Entrust

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Earnings calls

Leidos earnings headlines

From earnings call transcripts (Signal API type earnings-transcripts).

Earnings call headlines
Call date	Period	What the company said
Nov 4, 2025	Q3 FY2025	"Turbocharging" investments in AI and proprietary platforms like Skywire.Leadership is heavily focused on deploying AI across the business for both internal efficiency and customer-facing solutions, creating significant opportunities for AI infrastructure, data management, and platform development vendors.
Nov 4, 2025	Q3 FY2025	Raised full-year EBITDA and EPS guidance for the second time in 2025.Strong financial outperformance and a second upward revision to guidance signals robust profitability and cash flow, indicating the company has ample budget for strategic investments and new projects.
Nov 4, 2025	Q3 FY2025	Actively considering M&A as part of the playbook to accelerate growth.With a defined strategy in place, leadership has shifted to making inorganic growth a bigger part of its plan, signaling potential for acquisitions and a corresponding need for integration, due diligence, and financial systems.
Nov 4, 2025	Q3 FY2025	Increasing CapEx rate to expand facilities for Defense Tech business.The company is allocating more capital to its defense business to "facilitize for the customer pull," specifically mentioning capacity expansion in its Huntsville facilities. This points to spending on physical infrastructure, manufacturing equipment, and related software.
Nov 4, 2025	Q3 FY2025	Using AI and automation to win contracts and lower costsLeidos is explicitly using AI and automation as a competitive differentiator to win contracts by delivering smarter and more efficient outcomes. This focus on technology-driven cost reduction creates opportunities for vendors specializing in AI, machine learning, and automation platforms.
Nov 4, 2025	Q3 FY2025	Highlighting cloud migration as a core competency requiring ongoing investment.The company's success in migrating customer applications to the cloud indicates a strong internal reliance on cloud technologies and expertise, creating needs for cloud management, security, and optimization tools to maintain its leadership position.

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Track Leidos with the Signal API

One POST /v1/companies/enrich call with leidos.com returns Leidos 10-Q signals (sec-10q), each with its source. Or ask Claude through MCP.

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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"leidos.com","signal_types":["sec-10q"],"limit":20}'

Questions about Leidos 10-Q

When did Leidos file its latest 10-Q?

Leidos filed its latest 10-Q on Aug 4, 2026. The one before it was filed on May 5, 2026.

What did Leidos disclose in its latest 10-Q?

From the filing dated Aug 4, 2026: Leidos completed its $2.34B acquisition of Entrust and is now focused on complex integration.

What did Leidos say on its recent earnings calls?

Q3 FY2025: "Turbocharging" investments in AI and proprietary platforms like Skywire. (dated Nov 4, 2025).

Where can I read Leidos's 10-Q filing?

The full filing is on SEC EDGAR: https://www.sec.gov/Archives/edgar/data/1336920/000133692026000246/ldos-20260703.htm. This page summarizes what the filing says and links to it.

Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.

Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.

Data as of Sep 30, 2026.

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