Leidos reports strong Q1, details growth plan
Leidos achieved strong Q1 2025 revenue and earnings, positioning the company to “play offense in 2025, leaning into the robust opportunities this environment is presenting,” said CEO Tom Bell.
Leidos saw revenue increase by 7% year-over-year and affirmed its full-year guidance for 2025.
“Our strong start to 2025 builds on the significant momentum we built during 2024, and we continue to push forward with optimism in our outlook,” Bell told analysts and investors.
Increased volumes on managed health services programs and improved program execution and cost control were cited as the primary drivers of the Q1 results.
In addition, Bell detailed the five underpinning pillars of the company’s NorthStar 2030 growth strategy:
- Space and Maritime
- Energy Infrastructure
- Digital Modernization and Cyber
- Highly customized critical Mission Software
- Managed Health Services
Those priorities reflect markets with growing customer needs, proven profitability, Leidos technical differentiation, and alignment with the U.S. government’s priorities.
Today, more than ever, our mission is compelling, our strategy is clear, and our opportunities are growing.
Tom Bell
CEO, Leidos
“Our administration is driving towards federal outcomes that are better, faster, and cheaper,” Bell said, “right in Leidos’ wheelhouse and synonymous with our core business model of making customer outcomes smarter and more efficient.”
Transforming the U.S. air traffic control system and developing the Golden Dome missile defense system are two federal priorities for which Leidos has proposed “big ideas,” he added.
“I hope you all feel the productive sense of urgency with which we’re approaching this exciting next chapter in our history,” Bell said. “Today, more than ever, our mission is compelling, our strategy is clear, and our opportunities are growing.”
FORWARD-LOOKING STATEMENTS
Certain statements in this announcement constitute "forward-looking statements" within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management's current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the "Risk Factors" set forth in Leidos' Annual Report on Form 10-K for the fiscal year ended January 3, 2025, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
