Leidos Reports Strong Q3, Raises Full-Year 2025 Guidance

Leidos CEO Tom Bell today reported strong financial results for the third quarter of fiscal year 2025, highlighted by continued revenue and earnings growth and robust cash generation.

The company also raised its full-year 2025 guidance for the second time this year, reflecting solid execution across its portfolio despite a dynamic operating environment, and increased its quarterly dividend.

“These strong results enable us to raise our guidance for 2025, marking our second guidance raise of the year," Bell said. "And we've been able to deliver these results despite the headwinds of DOGE earlier in the year and the current government shutdown. Even through the dynamic market environment of 2025, we've been able to achieve improving strong performance."

The details of the company's Q3 results can be found here.

According to Bell, these strong results reflect Leidos’ focus on performance and alignment with national priorities, including Golden Dome, air traffic control modernization, border security, veteran services, and maritime autonomy.

“We are accelerating our business pace today, responding to our customers’ desire to work with firms that invest in innovation, can deliver real outcomes quickly, have a proven track record of lowering costs, and know how to deliver on time and on cost,” Bell said.

He added that the majority of the company’s programs have not been affected by the U.S. government shutdown because they are mission essential, funded, or beyond the scope of discretionary budgets.

In the quarter, Leidos continued to invest in its core technology differentiators while accelerating progress across its five NorthStar 2030 growth pillars:

• Space and Maritime,
• Energy Infrastructure,
• Digital Modernization and Cyber,
• Mission Software, and
• Managed Health Services.

“In a year of profound challenges, our 47,000 Leidos teammates have shown incredible resilience and focus,” Bell said. “Their brilliance has been essential to our success. And the momentum we are building through this year—our strategic pivot year—is a testament to their commitment to our customers and their missions.”

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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.