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High materiality8/10

Leidos posts solid Q3 with backlog gains, dividend hike, and JV

Nov 3, 2026, 6:18 AM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strong quarterly metrics, robust free cash flow, and dividend boost favor near-term upside; backlog and bookings imply sustained demand, though revenue guidance cut could cap upside.

AI summary

What happened, with direct paths to the underlying reporting

Leidos reported Q3 FY2026 results with revenue of $4.63B, up 4% YoY, and non-GAAP EPS of $3.62. Adjusted EBITDA margin was 13.9%, with $523M operating cash flow and $476M free cash flow. Backlog reached $49.6B on $5.5B in new bookings, while the company added a strategic Altaris joint venture and raised the dividend.

  • Q3 revenue $4.63B, up 4% YoY; net income $413M.
  • Non-GAAP EPS $3.62; Adjusted EBITDA $644M; margin 13.9%.
  • Backlog $49.6B; new bookings $5.5B; book-to-bill 1.2.
  • FY26 guidance: revenue $18.00–$18.20B; adjusted EPS $12.50–$12.70.
  • Dividend raised to $0.45 per share; payout up 4.7%.

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StockNews.AI groups source reporting, classifies the event, and measures subsequent price movement. This is informational research, not investment advice. Prices may be delayed or unavailable.

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