Leidos Raises Guidance
19 sources · first reported 2d ago
Leidos has raised its 2026 guidance after reporting a 7% increase in Q2 revenue to $4.6 billion. The company's net bookings reached $4.9 billion and its funded backlog increased by 44% year over year. Leidos' strong performance is driven by its defense business, with a book-to-bill ratio of 2.2.
Why it matters
Leidos' increased guidance and strong Q2 performance are significant because they indicate a growing demand for the company's defense-related services and technologies. This trend has implications for the broader defense industry and the role of technology in supporting national security.
Independent Media 19
Single-source: Independent Media
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