Q3 FY26 · Ended Oct 2, 2026 · View SEC filing
A lower tax rate, not operations, lifted net profit
Pre-tax profit slipped slightly, yet net income rose 11.9% because the tax bill fell by 40%.
For investorsWhat Leidos's earnings depend on beyond the tax rate
For foundersRunning a business on thin spreads and little capital
Operating income grew 3.4%, but net interest grew faster, so pre-tax profit edged down in a stronger operating quarter.
Gross profit was flat on the year, so operating income rose only because selling and administrative costs fell.
Net bookings equaled 118.8% of quarterly revenue, so the company signed more work than it delivered.
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Business Lens describes Leidos from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
