Key facts
- Leidos lifted the lower end of its 2026 profit per share forecast to $12.20 from $12.10.
- The company maintained the upper end of its 2026 profit per share forecast at $12.50.
- Leidos expects full-year revenue between $18.2 billion and $18.4 billion.
- Second-quarter revenue was $4.56 billion, up 7% from the previous year.
- Leidos cited strong demand for defense tech, energy, air traffic management, and intelligence support.
Defense contractor Leidos Holdings has raised the lower end of its profit and revenue forecasts for 2026, driven by strong demand for military technology amid heightened geopolitical tensions. The company's shares rose nearly 10% in morning trading following the announcement.
Defense contractors are experiencing increased business as the U.S. government prioritizes military spending. Leidos reported growing demand for its defense technology products, energy and air traffic management solutions, and support for intelligence missions.
The company lifted the lower end of its 2026 adjusted profit per share forecast to $12.20 from $12.10, while keeping the upper end unchanged at $12.50. The midpoint of this new forecast exceeds analysts' expectations of $12.33 per share.
For the full year, Leidos now anticipates revenue between $18.2 billion and $18.4 billion, an upward revision from the previous range of $18 billion to $18.4 billion. In the second quarter, the company posted revenue of $4.56 billion, marking a 7% increase from the prior year and surpassing Wall Street's estimates of $4.44 billion.