---
schema_version: "secwatch.filing_event.v1"
accession: "0001336920-23-000033"
form_type: "8-K"
ticker: "LDOS"
cik: "0001336920"
company_name: "Leidos Holdings, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:02:39.839765+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Leidos Q1 revenue up 6% to $3.7B; net income falls; CEO Krone to step down

## Summary
- Revenue $3,699M (+6% YoY); net income $164M (-7% YoY); diluted EPS $1.17 GAAP, $1.47 non-GAAP.
- Adjusted EBITDA $346M; margin 9.4% vs 10.2% a year ago.
- Net bookings $3.0B (book-to-bill 0.8); backlog remains strong.
- Chairman/CEO Roger Krone announces plan to step down; no successor named in release.
- Company reaffirms 2023 guidance with expectation of improving earnings and cash flow.

## SEC filing metadata
- accession: 0001336920-23-000033
- form_type: 8-K
- ticker: LDOS
- cik: 0001336920
- company_name: Leidos Holdings, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1336920/000133692023000033/0001336920-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1336920/000133692023000033/ldos-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001336920-23-000033
- JSON: https://secwatch.observer/filing/0001336920-23-000033.json
- Plain text: https://secwatch.observer/filing/0001336920-23-000033.txt

## Key facts
- Earnings Releases
  Leidos Holdings, Inc. reported first fiscal quarter ended March 31, 2023 results: revenue Revenues of $3.7 billion, net income Net Income of $164 million, EPS Diluted Earnings per Share of $1.17. Guidance reaffirmed.
  - Period: first fiscal quarter ended March 31, 2023
  - Revenue: Revenues of $3.7 billion
  - Net income: Net Income of $164 million
  - EPS: Diluted Earnings per Share of $1.17
  - Guidance: reaffirmed
  - Result: reported results
  source text: Leidos Holdings, Inc. Reports First Quarter Fiscal Year 2023 Results • Revenues of $3.7 billion, up 6% year-over-year • Net Income of $164 million; Adjusted EBITDA of $346 million • Diluted Earnings per Share of $1.17 , or $1.47 on a non-GAAP basis • Net Bookings of $3.0 billion (book-to-bill ratio of 0.8)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1336920/000133692023000033/0001336920-23-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.