---
schema_version: "secwatch.filing_event.v1"
accession: "0001336920-23-000059"
form_type: "8-K"
ticker: "LDOS"
cik: "0001336920"
company_name: "Leidos Holdings, Inc."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:23:16.843334+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Leidos Q3 net loss $396M on goodwill impairment; non-GAAP EPS $2.03, revenues up 9%, guidance raised

## Summary
- Revenues $3.92B (up 9% YoY); net loss $396M ($2.91/sh) includes $623M goodwill impairment.
- Adjusted EBITDA $451M (11.5% margin); non-GAAP diluted EPS $2.03 (+28% YoY).
- Record operating cash flow $795M; free cash flow $745M; net bookings $7.9B (book-to-bill 2.0x).
- Company raising FY2023 guidance for all financial metrics; backlog at all-time high.

## SEC filing metadata
- accession: 0001336920-23-000059
- form_type: 8-K
- ticker: LDOS
- cik: 0001336920
- company_name: Leidos Holdings, Inc.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1336920/000133692023000059/0001336920-23-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1336920/000133692023000059/ldos-20231031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001336920-23-000059
- JSON: https://secwatch.observer/filing/0001336920-23-000059.json
- Plain text: https://secwatch.observer/filing/0001336920-23-000059.txt

## Key facts
- Earnings Releases
  Leidos Holdings, Inc. reported third fiscal quarter ended September 29, 2023 results: revenue $3.9 billion, net income $396 million, EPS $2.91 per diluted share. Guidance raised.
  - Period: third fiscal quarter ended September 29, 2023
  - Revenue: $3.9 billion
  - Net income: $396 million
  - EPS: $2.91 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: Leidos Holdings, Inc. Reports Third Quarter Fiscal Year 2023 Results • Revenues of $3.9 billion, up 9% year-over-year • Net loss of $396 million or $2.91 per diluted share • Adjusted EBITDA of $451 million (11.5% margin) • Non-GAAP Diluted Earnings per Share of $2.03, up 28% year-over-year • Cash Flows from Operations of $795 million; Free Cash Flow of $745 million • Net Bookings of $7.9 billion (book-to-bill ratio of 2.0 for the quarter and 1.2 for trailing twelve months)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1336920/000133692023000059/0001336920-23-000059-index.htm

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