Leidos Holdings, Inc. (LDOS) earnings on August 4, 2026

LDOS price around the earnings

130.60

Change: +10.0%

Start of the measured window End of the measured window

118.72 123.12 127.53 131.93 118.72

August 4, 2026

Price: green if it ends above the starting price; red if it ends below
Start of the measured window
End of the measured window
Market open
Starting price

Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published: 2026-08-04, 08:54 UTC
Results released: 2026-08-04, 10:01 UTC

Strong expectations, but risk of pullback

Analysts are very positive due to a strong recent earnings beat history and an optimistic scenario, supported by recent contract wins and a buyback. However, the stock has risen sharply, and there is a risk of a pullback after the earnings report.

Context analyzed before publication

Summary: Strong expectations, but risk of pullback
Playbook: The stock has been on a strong run-up, approaching a resistance level. The positive news and analyst support are offset by the high expectations and crowded positioning, which could lead to a sell-off after earnings.
Trend: Analyst confidence improving over recent days

Analysts

Drivers

Analysts Positive
Buy consensus with a $151 target implies a +26.9% upside; a recent buyback was authorized.

Evidence

Analyst consensus: Buy
Consensus average (1-5): 2.35
Analysts covering the stock: 15
Average price target: 150.67
Lowest price target: 110
Highest price target: 225
Upside to price target: 26.9%
Quarterly earnings growth: -9.6%
Revenue growth: 3.7%
Forward EPS: 13.1
Trailing EPS: 10.94
Analyst moves in the last 60 days: 7

Strong buy: 3
Buy: 4
Hold: 10
Sell: 0
Strong sell: 0

Strong buy: 3
Buy: 4
Hold: 10
Sell: 0
Strong sell: 0

July 14, 2026 · Goldman Sachs: Maintains rating (Neutral → Neutral)
July 13, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
July 10, 2026 · Truist Securities: Maintains rating (Buy → Buy)
July 7, 2026 · TD Cowen: Maintains rating (Hold → Hold)
July 1, 2026 · Jefferies: Maintains rating (Hold → Hold)
July 1, 2026 · Citigroup: Maintains rating (Buy → Buy)
June 17, 2026 · B of A Securities: Downgrades rating (Buy → Neutral)

News and sentiment

Drivers

News & sentiment Positive
Recent contract wins: Sierra Space infrared payloads, $64.8M naval intelligence modernization.

Evidence

Sentiment

Sentiment: Constructive
Mention volume: High
Normalized volume: 99%

News

Sources (9)

Leidos Selected By Sierra Space To Supply Infrared Payloads For 18 SDA AMDT3 Missile-Tracking Satellites; Low Earth Orbit, Hypersonic Threat Detection, Onboard Signal Processing, Mission Support; Contract Terms Not Disclosed (opens in a new tab) — Benzinga
Leidos To Continue Modernizing Infrastructure Underpinning Secure Naval Intelligence Systems Worldwide Through Recent Contract Worth Up To $64.8M From Office Of Naval Intelligence (opens in a new tab) — Benzinga
Leidos Holdings' Board Authorizes New Stock Repurchase Program For Up To 20M Shares Of Common Stock (opens in a new tab) — Benzinga
CoreWeave Gains on Leidos Alliance for Secure Federal AI Infrastructure (opens in a new tab) — Benzinga
CoreWeave Partners With Leidos To Provide Secure, Sovereign AI Cloud Services For Federal Agencies (opens in a new tab) — Benzinga
Leidos Receives ~$717M U.S. Air Force's Air Combat Command Acquisition Management And Integration Center Task Order To Continue Providing Intelligence, Surveillance, Reconnaissance Operations Support (opens in a new tab) — Benzinga
Leidos Expands Use Of ServiceNow AI Platform To Deploy Cost-Cutting Autonomous Workflows Across FedRAMP Environments (opens in a new tab) — Benzinga
Leidos And DHL Alliance To Combine Global Logistics Scale With AI And Data Analytics For UK Defence (opens in a new tab) — Benzinga
Goldman Sachs Maintains Neutral on Leidos Holdings, Lowers Price Target to $152 (opens in a new tab) — Benzinga

Technicals

Drivers

Technical Negative
Strong trend strength (+11% over 14 days) but approaching resistance at $118.98.

Evidence

Price when the context was analyzed: 118.82
Average true range (ATR): 3.2%
Distance to 52-week high: -41.6%
14-day change (14d): +11.0%
30-day change (32d): +9.1%
30-day relative strength: +7.4%
SPY change (32d): +1.7%
Nearest support: 117.53
Distance to nearest support: 1.1%
Nearest resistance: 118.98
Distance to nearest resistance: 0.1%
Volume accumulation ratio (14d / 46d): 1.06

Minor: 117.53 (1.1% away, 0.34 ATR, 5 touches)
Mid: 115.59 (2.7% away, 0.85 ATR, 12 touches)
Minor: 113.44 (4.5% away, 1.42 ATR, 7 touches)

Mid: 118.98 (0.1% away, 0.04 ATR, 9 touches)
Mid: 121.75 (2.5% away, 0.78 ATR, 14 touches)
Minor: 123.07 (3.6% away, 1.12 ATR, 8 touches)

Trends

Evidence

Average earnings surprise: +11.6%

May 5, 2026: actual EPS 3.13 vs estimate 2.91 (surprise +7.6%)
February 17, 2026: actual EPS 2.76 vs estimate 2.61 (surprise +5.9%)
November 4, 2025: actual EPS 3.05 vs estimate 2.72 (surprise +12.3%)
August 5, 2025: actual EPS 3.21 vs estimate 2.66 (surprise +20.8%)

Expected move

Drivers

Past earnings Positive
A 100% beat rate with an average surprise of +11.6% is exceptional.

Implied move: +3.0%
Source: Options chain

Reactions over its last 20 earnings

Median move: 5.6%
75th percentile move: 7.7%
90th percentile move: 9.5%
Up / down moves: 9 / 11
Average up move: +6.0%
Average down move: -6.1%

Monitoring and close

What Leidos Holdings, Inc. reported

Status: Finished

Actual EPS	3.26
EPS estimate	2.91
EPS surprise	+12.0%
Revenue	$4,558 million
Revenue estimate	$4,437 million
Revenue surprise	+2.7%

Leidos beat Q2 estimates and raised annual guidance, reflecting optimism. SpaceX will release its first earnings report. S&P 500 stocks show mixed gaps.

Sources (13)

Leidos Holdings Inc (LDOS) (Q2 2026) Earnings Call Highlights: Record Revenue and Raised ... (opens in a new tab) — GuruFocus.com
Is Leidos Holdings (LDOS) Cheap Following Its Earnings Beat And Higher Guidance? (opens in a new tab) — Simply Wall St.
Leidos' Q2 Earnings Surpass Estimates, Revenues Improve Y/Y (opens in a new tab) — Zacks
Leidos Holdings, Inc. (LDOS) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
Compared to Estimates, Leidos (LDOS) Q2 Earnings: A Look at Key Metrics (opens in a new tab) — Zacks
Leidos Holdings Reports Q2 2026 Results: Full Earnings Call Transcript (opens in a new tab) — Benzinga
Leidos Shares Jump After Strong Second-Quarter Results and Higher Full-Year Guidance (opens in a new tab) — InvestorsHub
Leidos (LDOS) Q2 Earnings and Revenues Top Estimates (opens in a new tab) — Zacks
Leidos (NYSE:LDOS) Exceeds Q2 CY2026 Expectations, Stock Soars (opens in a new tab) — StockStory
Leidos Holdings Raises FY2026 Adj EPS Guidance from $12.10-$12.50 to $12.20-$12.50 vs $12.33 Est; Raises FY2026 Sales Guidance from $18.000B-$18.400B to $18.200B-$18.400B vs $18.245B Est (opens in a new tab) — Benzinga
Leidos beat expectations with adjusted earnings of $3.26 per share, above the $2.91 estimate. Revenue of $4.558 billion also surpassed forecasts. — Benzinga
Leidos Holdings Q2 Adj. EPS $3.26 Beats $2.91 Estimate, Sales $4.558B Beat $4.437B Estimate (opens in a new tab) — Benzinga
Leidos Delivers Strong Second Quarter and Enhances Full-Year Guidance (opens in a new tab) — Yahoo

Pre-market second reading after the results

Verdict: Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +4.0% pre-market, a move in line with the stock's usual reaction (about 6%). The figures confirm the optimistic scenario. Across our market history, in the 1,275 similar cases the close held that direction 86% of the time.

How the stock reacted

Outcome: Accurate
Consolidated: +10.0%
Max favorable move (MFE): 11.2%
Max adverse move (MAE): 0%