Why Leidos (LDOS) Stock Is Up Today

Leidos Holdings (LDOS) is up 9.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied to a strong second-quarter earnings release that showed faster revenue growth, solid cash generation, and another increase to full-year guidance. Investors also seem to be responding to healthy bookings and demand across defense technology, energy infrastructure, and intelligence-related work.

Details:

Leidos reported second-quarter 2026 revenue of $4.56 billion, up 7% from a year earlier, with management highlighting stronger demand in defense tech products, energy and air traffic management solutions, and intelligence mission support.

The company raised its 2026 outlook again, lifting the low end of its revenue range to $18.2 billion, increasing non-GAAP diluted EPS guidance to $12.20 to $12.50, and nudging expected operating cash flow to about $1.85 billion.

Cash generation was a standout, with $793 million in operating cash flow and $761 million in non-GAAP free cash flow during the quarter.

Bookings also supported the bullish reaction: Leidos posted $4.9 billion in net bookings, a 1.1 book-to-bill ratio, and ended the quarter with $48.7 billion of backlog, including $10.2 billion funded.

Sources:

Leidos, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$LDOS Insider Trading Activity

$LDOS insiders have traded $LDOS stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $LDOS stock by insiders over the last 6 months:

ELIZABETH A PORTER (Sector President) has made 0 purchases and 2 sales selling 2,000 shares for an estimated $317,555.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$LDOS Hedge Fund Activity

We have seen 357 institutional investors add shares of $LDOS stock to their portfolio, and 502 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DIAMANT ASSET MANAGEMENT, INC. removed 4,130,322 shares (-99.4%) from their portfolio in Q2 2026, for an estimated $425,299,256
FIRST TRUST ADVISORS LP removed 1,152,978 shares (-41.9%) from their portfolio in Q1 2026, for an estimated $179,311,138
SG AMERICAS SECURITIES, LLC added 997,807 shares (+998.6%) to their portfolio in Q1 2026, for an estimated $155,178,944
FMR LLC removed 949,765 shares (-30.2%) from their portfolio in Q1 2026, for an estimated $147,707,452
BLACKROCK, INC. removed 838,482 shares (-8.1%) from their portfolio in Q1 2026, for an estimated $130,400,720
BOSTON PARTNERS removed 729,676 shares (-29.7%) from their portfolio in Q2 2026, for an estimated $75,134,737
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. added 565,138 shares (+45.5%) to their portfolio in Q1 2026, for an estimated $87,890,261

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$LDOS Government Contracts

We have seen $9,312,893,135 of award payments to $LDOS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

FY26 FUNDING MEDICAL DISABILITY EXAMINATIONS: $754,312,385
FY26 FUNDING MEDICAL DISABILITY EXAMINATIONS: $392,676,748
FY25 Q3 EXAMS R2: $382,099,483
FY26 FUNDING MEDICAL DISABILITY EXAMINATIONS: $348,691,285
NCI OPERATIONAL TASK ORDER, FY26-FY27: $337,911,651

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$LDOS Congressional Stock Trading

Members of Congress have traded $LDOS stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $LDOS stock by members of Congress over the last 6 months:

SENATOR ALAN ARMSTRONG sold up to $50,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$LDOS Price Targets

Multiple analysts have issued price targets for $LDOS recently. We have seen 9 analysts offer price targets for $LDOS in the last 6 months, with a median target of $165.0.

Here are some recent targets:

Gautam Khanna from TD Cowen set a target price of $115.0 on 07/07/2026
John Godyn from Citigroup set a target price of $138.0 on 07/01/2026
Sheila Kahyaoglu from Jefferies set a target price of $110.0 on 07/01/2026
Mariana Perez from B of A Securities set a target price of $125.0 on 06/17/2026
Ken Herbert from RBC Capital set a target price of $180.0 on 05/06/2026
Jonathan Siegmann from Stifel set a target price of $193.0 on 05/06/2026
Tobey Sommer from Truist Securities set a target price of $195.0 on 04/20/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.