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StocksMediumUpdated×4•Originally published 5 May 2026•Updated 6 May 2026•

1 min read

Leidos Raises 2026 Outlook Amid Surging Demand for Defense and IT Services

Key Facts

1Leidos Holdings increased its 2026 profit and revenue forecasts driven by robust demand for military intelligence services.

2Sales for the intelligence and digital business rose 7% to reach $1.51 billion.

29 days ago

Version History

1 additional source confirmed this story

Version 429 days ago

What changed: Added new order guidance for Leonardo and growth drivers related to European rearmament.

Version 329 days ago

What changed: Updated 2026 financial guidance with specific revenue figures and identified the Entrust acquisition as the primary catalyst for the increase.

Version 229 days ago

What changed: Added specific backlog valuation of $48.4B and identified energy infrastructure and ATC as additional growth drivers beyond defense.

Version 129 days ago

What changed: Added specific Q1 financial figures including EPS and revenue beats, liquidity ratio, and referenced the NorthStar 2030 strategy.

Leidos Holdings has raised its 2026 revenue outlook to a range of $18 billion to $18.4 billion, driven by the strategic acquisition of Entrust and robust demand for military intelligence. This positive momentum aligns with broader industry trends, as European defense firm Leonardo expects new orders worth approximately 25 billion euros this year. The growth in revenue and orders for these firms comes amid a significant rearmament phase across Europe. Leidos recently reported an EPS of $3.13 on $4.4 billion in revenue, supported by a record $48.4 billion backlog and a new $869 million US Army contract for AI-enabled systems. These figures underscore the successful execution of the NorthStar 2030 strategy and the sector's ability to capitalize on surging global defense spending.