Leidos Holdings, Inc. reported first fiscal quarter ended April 3, 2026 results: revenue $4.4 billion, net income $335 million, EPS $2.56 per diluted share. Guidance raised.
“be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Leidos Posts Strong First Quarter Results and Raises Full-Year Guidance u Revenues of $4.4 billion, up 4% year-over-year u Net income of $335 million or $2.56 per diluted share u Adjusted EBITDA (non-GAAP) of $614 million and Adjusted EBITDA margin (non-GAAP) of 14.0% u”
Material Agreements
Leidos Holdings, Inc. entered into Contribution and Equity Purchase Agreement with Altaris, LLC valued at Leidos Inc. contributes SES/IA Business to JV for 41.5% equity; AHP Entities contribute Analogic Hol (effective 2026-04-14).
“On April 14, 2026, Leidos, Inc. (“ Leidos Inc. ”), a Delaware corporation and a wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), entered into a Contribution and Equity Purchase Agreement (the “ Contribution Agreement ”), together with Leidos solely for certain limited purposes set forth therein, with certain affiliates of Altaris, LLC, a Delaware limited liability company (“ Altaris ,” and such affiliates, the “ AHP Entities ”), to form a new joint venture (the “ JV ”) combining the Security Enterprise Solutions and the Industrial Automation businesses of Leidos (together, the “ SES/IA Business ”) with Analogic Corporation (“ Analogic ”), a portfolio company of Altaris.”
M&A Transactions
Leidos Holdings, Inc. completed an acquisition involving KENE Holdings, L.P. for $2,400,000,000 in cash (closed 2026-03-27).
“On March 27, 2026, Leidos, Inc. (the “ Purchaser ”), a Delaware corporation and wholly-owned subsidiary of Leidos Holdings, Inc. (the “ Company ”), completed its acquisition of KENE Parent, Inc., a Delaware corporation (“ Entrust ”), pursuant to the terms of the previously announced Stock Purchase Agreement dated January 23, 2026 (the “ Purchase Agreement ”) by and among the Purchaser, KENE Holdings, L.P., a Delaware limited partnership (the “ Seller ”) and Entrust. Pursuant to the terms of the Purchase Agreement, the Purchaser purchased and acquired from the Seller, and the Seller sold, assigned, transferred, conveyed and delivered to the Purchaser, all of the issued and outstanding shares of capital stock of Entrust, free and clear of all liens, for $2,400,000,000 in cash, subject to customary adjustments set forth in the Purchase Agreement for Entrust’s cash, debt, transaction expenses and net working capital (the “ Transaction ”).”
Material Agreements
Leidos Holdings, Inc. entered into October 2020 Indenture with Citibank, N.A. valued at $600 million aggregate principal amount of 4.100% senior notes due 2029 and $800 million aggregate p (effective 2026-03-02).
“On March 2, 2026, Leidos, Inc. (the “ Issuer ”), a direct wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), issued and sold $600 million aggregate principal amount of 4.100% senior notes due 2029 (the “ 2029 Notes ”) and $800 million aggregate principal amount of 5.000% senior notes due 2036 (the “ 2036 Notes ” and, collectively with the 2029 Notes, the “ Notes ” and, such offering, the “ Notes Offering ”).”
Debt Financings
Leidos Holdings, Inc. incurred senior notes of $800 million aggregate principal amount of 5.000% senior notes due 2036 with Citibank, N.A. at 5.000% maturing March 15, 2036.
“On March 2, 2026, Leidos, Inc. (the “ Issuer ”), a direct wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), issued and sold $600 million aggregate principal amount of 4.100% senior notes due 2029 (the “ 2029 Notes ”) and $800 million aggregate principal amount of 5.000% senior notes due 2036 (the “ 2036 Notes ” and, collectively with the 2029 Notes, the “ Notes ” and, such offering, the “ Notes Offering ”).”
Debt Financings
Leidos Holdings, Inc. incurred senior notes of $600 million aggregate principal amount of 4.100% senior notes due 2029 with Citibank, N.A. at 4.100% maturing March 15, 2029.
“On March 2, 2026, Leidos, Inc. (the “ Issuer ”), a direct wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), issued and sold $600 million aggregate principal amount of 4.100% senior notes due 2029 (the “ 2029 Notes ”)”
Debt Financings
Leidos Holdings, Inc. amended credit facility of $1,500,000,000 with Citibank, N.A. maturing five years after the Restatement Effective Date.
“The Restatement Agreement amends and restates the Existing Credit Agreement to, among other things, (i) increase the aggregate commitments under the revolving credit facility from $1,000,000,000 to $1,500,000,000, (ii) extend the maturity date of the revolving credit facility to five years after the Restatement Effective Date, (iii) reduce the unused commitment fee to a range of 0.08% to 0.20% per annum (based on a ratings-based grid), rather than 0.09% to 0.25% per annum, and (iv) remove the 0.10% per annum credit spread adjustment previously applicable to borrowings under the revolving credit facility.”
Material Agreements
Leidos Holdings, Inc. amended Amendment and Restatement Agreement with Citibank, N.A., as administrative agent (effective 2026-02-12).
“On February 12, 2026 (the “ Restatement Effective Date ”), Leidos Holdings, Inc. (“ Leidos ”), Leidos, Inc., a Delaware corporation and a wholly-owned subsidiary of Leidos, as borrower (the “ Borrower ”), and certain other wholly-owned domestic subsidiaries of Leidos, as guarantors (collectively, the “ Subsidiary Guarantors ” and, together with Leidos and the Borrower, collectively, the “ Loan Parties ”), entered into an Amendment and Restatement Agreement (the “ Restatement Agreement ”), which amended and restated that certain Credit Agreement dated as of March 10, 2023 (prior to giving effect to this amendment and restatement, the “ Existing Credit Agreement ”), among the Loan Parties, the lenders party thereto and Citibank, N.A., as administrative agent (as amended and restated pursuant to the Restatement Agreement, the “ Credit Agreement ”).”
Material Agreements
Leidos Holdings, Inc. entered into Purchase Agreement with KENE Holdings, L.P. and KENE Parent, Inc. ("Entrust") valued at $2,400,000,000 (effective 2026-01-23).
“On January 23, 2026, Leidos, Inc. (the “ Purchaser ”), a Delaware corporation and wholly-owned subsidiary of Leidos Holdings, Inc. (“ Leidos ”), entered into a Stock Purchase Agreement (the “ Purchase Agreement ”) with KENE Holdings, L.P., a Delaware limited partnership (the “ Seller ”) and KENE Parent, Inc., a Delaware corporation (“ Entrust ”).”
Tina W. Jonas was elected as Director at Leidos Holdings, Inc..
“elected Tina W. Jonas as a Director of the Company, effective September 25, 2024”
Earnings Releases
Leidos Holdings, Inc. reported first fiscal quarter ended March 29, 2024 results: revenue $4.0 billion, net income $283 million, EPS $2.07 per diluted share. Guidance raised.
“be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Leidos Holdings, Inc. Reports First Quarter Fiscal Year 2024 Results • Revenues of $4.0 billion , up 7% year-over-year • Net income of $283 million or $2.07 per diluted share • Adjusted EBITDA (non-GAAP) of $490 million (12.3% margin) • Non-GAAP Dilut ed Earnings per Share”
Shareholder Votes
Leidos Holdings, Inc. shareholders rejected Stockholder proposal regarding a special shareholder meeting improvement at the 2024-04-26 meeting.
“The stockholder proposal regarding a special shareholder meeting improvement was not approved based upon the following votes: Votes for approval 26,398,569 Votes against 78,599,578 Abstentions 799,096 Broker non-votes 8,166,497”
Shareholder Votes
Leidos Holdings, Inc. shareholders approved Ratification of Deloitte & Touche LLP as independent auditor at the 2024-04-26 meeting.
“The proposal to ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending January 3, 2025, was approved based upon the following votes: Votes for approval 108,913,803 Votes against 4,738,768 Abstentions 311,169 Broker non-votes N/A”
Shareholder Votes
Leidos Holdings, Inc. shareholders approved Advisory vote on executive compensation at the 2024-04-26 meeting.
“The proposal to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in the Company's Proxy Statement was approved based upon the following votes: Votes for approval 100,842,733 Votes against 4,365,354 Abstentions 589,156 Broker non-votes 8,166,497”
Shareholder Votes
Leidos Holdings, Inc. shareholders approved Election of twelve nominees to the Board of Directors for a one-year term at the 2024-04-26 meeting.
“The nominees for election to the Company's Board of Directors set forth in Item 1 to the Company’s Proxy Statement filed with the U.S. Securities and Exchange Commission on March 12, 2024 ("Proxy Statement"), were elected, each for a one-year term, based upon the following votes: Nominee For Against Abstentions Broker Non-Votes Thomas A. Bell 104,747,673 788,806 260,764 8,166,497 Gregory R. Dahlberg 101,169,552 4,244,103 383,588 8,166,497 David G. Fubini 100,465,435 5,011,834 319,974 8,166,497 Noel B. Geer 101,765,258 3,737,294 294,691 8,166,497 Robert C. Kovarik, Jr. 104,418,320 1,073,255 305,668 8,166,497 Harry M. J. Kraemer, Jr. 100,286,996 5,208,573 301,674 8,166,497 Gary S. May 104,844,119 668,164 284,960 8,166,497 Surya N. Mohapatra 104,703,365 771,866 322,012 8,166,497 Nancy A. Norton 105,208,523 334,188 254,532 8,166,497 Patrick M. Shanahan 99,403,373 6,081,176 312,695 8,166,497 Robert S. Shapard 97,783,790 7,710,762 302,691 8,166,497 Susan M. Stalnecker 104,886,504 653,233 257”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.