LDOS
Leidos Holdings, Inc.Evidence as of 2026-09-03Overview · Leidos Holdings, Inc.
Leidos Holdings, Inc., together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. It operates through three segments: Defense Solutions, Civil, and Health. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S. Intelligence Community, the D…
Management team
- Ms. Amy Smith · Senior Vice President of Government AffairsFind on LinkedIn
- Mr. Srini N. Iyer · Chief Technology Officer of Health GroupFind on LinkedIn
- Vice Admiral David Lewis · Senior Vice President of MaritimeFind on LinkedIn
- Mr. Stephen Cook · President of Dynetics GroupFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.5 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The desk rates the evidence balance as Constructive (+0.5 of a possible +2; was +0.5 before debate) with confidence high. Revenue rose from $ 4,400,000,000 in fiscal Q1 2026 (fiscal quarter ended 2026-04-28) to $ 4,558,000,000 in fiscal Q2 2026 (fiscal quarter ended 2026-07-28), an increase of $ 158,000,000 (+ 3.6%), while cost of revenue rose faster, from $ 3,488,000,000 to $ 3,741,000,000 (+ 7.3%) over the same quarters.
Operating income edged higher, from $ 508,000,000 to $ 514,000,000, and net income rose from $ 328,000,000 to $ 354,000,000; diluted EPS moved from $ 2.56 to $ 2.81 aided by a fall in weighted-average diluted shares outstanding from 131,000,000 to 126,000,000 and point-in-time common shares outstanding shifting from 126,392,684 as of 2026-02-10 to 125,492,209 as of 2026-07-28. The company repurchased $ 200,000,000 of stock in fiscal Q1 2026 and $ 66,000,000 in fiscal Q2 2026. News coverage notes two U.S. defense awards of $ 301,000,000 and $ 56,000,000 and the launch of an AI-enabled geospatial product. Valuation snapshots show P/E (TTM) 11.94, EV/EBITDA (TTM) 7.1, price-to-free-cash-flow (TTM) 48.86 with free cash flow (TTM) $ 345,000,000, implied market-implied free-cash-flow growth rate 32.34% per year, market capitalization $ 16,788,347,720 and enterprise value $ 17,185,347,720.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue rose quarter-over-quarter from $4,400,000,000 in fiscal Q1 2026 (2026-01-03 to 2026-04-03, 3mo) to $4,558,000,000 in fiscal Q2 2026 (2026-04-04 to 2026-07-03, 3mo), an increase of $158,000,000 (+3.6%).
XBRL companyfacts · 0001336920-26-000169Cost of revenue increased from $3,488,000,000 in fiscal Q1 2026 (2026-01-03 to 2026-04-03, 3mo) to $3,741,000,000 in fiscal Q2 2026 (2026-04-04 to 2026-07-03, 3mo), an increase of $253,000,000 (+7.3%), which outpaced the revenue increase over the same quarters.
XBRL companyfacts · 0001336920-26-000169Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, Leidos Holdings, Inc. was a constituent of the iShares Core S&P 500 ETF (IVV) with a fund weight of 0.02%.
ETF constituents · market dataA 0.02% weight in IVV represents a very small percentage of that ETF's portfolio, indicating limited passive index exposure through this single large-cap S&P 500 fund.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Articles note two new U.S. defense-related awards: a $301,000,000 five-year Army network monitoring contract and a $56,000,000, 66-month Naval Health Research Center award for behavioral health work.
News · simplywall.st · 2026-08-28Coverage highlights the launch of an AI-enabled geospatial intelligence tool alongside the new defense contracts.
News · simplywall.st · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The price-to-earnings (TTM) ratio is 11.94.
Valuation inputs · SEC XBRL + stored EOD closeEnterprise value to EBITDA (TTM) is 7.1.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
The provided evidence collectively supports a constructive reading of Leidos' recent quarter-to-quarter performance: revenue grew 3.6% while operating income and net income were modestly higher and diluted EPS rose from $2.56 to $2.81, partly reflecting a reduction in diluted shares outstanding. Reported defense awards and the launch of an AI-enabled geospatial product point to demand-led revenue drivers in higher-margin government work. Valuation metrics show mixed signals — P/E (TTM) and EV/EBITDA (TTM) are relatively low, which, alongside ongoing buybacks, can be read as valuation support for operating earnings. The bear case leans on rising cost of revenue and stretched price-to-free-cash-flow and implied growth assumptions; those points merit scrutiny given concurrent income and EPS improvements and identifiable contract wins.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
19 surviving claims rest on 10 distinct sources; the heaviest analyst carries 37% of them, and 100% of what the desk raised survived the debate.
The set of surviving claims rests on a moderate breadth of sources but a sizable share of claims come from a single analyst, and every desk-raised point survived the internal review. That combination means the read is informative but somewhat fragile: useful for situational awareness, yet sensitive to new filings or a different analyst weighting changing the balance of evidence.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.6 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on LDOS Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.