secwatch.observer — SEC 8-K summary
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Issuer:     Leidos Holdings, Inc. (LDOS)
CIK:        0001336920
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001336920-25-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leidos Q1 revenue $4.245B (+7% YoY), non-GAAP EPS $2.97 (+30%), reaffirms guidance
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- Net income $365M ($2.77 diluted EPS); non-GAAP EPS $2.97, up 30% YoY.
- Adjusted EBITDA $601M (14.2% margin) vs $490M (12.3%) a year ago.
- Cash from ops $58M; free cash flow $36M; $500M accelerated share repurchase announced.
- Backlog policy revised to include unfunded sole-source IDIQ task orders; recast backlog $48.4B at Jan 3, 2025.
- Pending acquisition to bolster full-spectrum cyber capabilities; full-year FY2025 guidance reaffirmed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1336920/000133692025000012/0001336920-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1336920/000133692025000012/ldos-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001336920-25-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer