Leidos reports $5.5 billion in bookings and raises earnings outlook

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Published Friday, November 6, 2026 · 2:19 PM EST

Leidos reported $5.5 billion in third-quarter net bookings and a $49.6 billion backlog, including $11.1 billion in funded work. Revenue reached $4.63 billion, up 4% from the prior-year period. Awards included a $301 million U.S. Army contract for continuous defensive cyber operations, including deployment of a platform that uses autonomous AI agents for monitoring and response. Leidos raised its full-year adjusted earnings forecast to $12.50-$12.70 per share from $12.20-$12.50, while lowering revenue guidance to reflect portfolio changes.

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