LDOS
Leidos Holdings, Inc.

Leidos Holdings, Inc.LDOS

Technology · Information Technology Services
129.24USD
-2.70%
Sep 16, 2026
LDOS overview ready
Prime integrator delivering AI-enabled defense and cybersecurity mission software
Leidos is a large federal technology integrator and mission-services provider.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Defense Digital Modernization and Mission Software — enabling supplier.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on government contract renewals and budget allocations.
Market Sep 15Filing Jul 3Price action Sep 15Research Sep 7

Conviction Level

NarrativeHeat8.3ThemeHeat7.1PriceAction3.4Valuation7.9CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$16.7B
Avg Volume (60D)
1.4M
60 sessions
Revenue Growth YoY
+3.2%
FY2026 vs FY2025
Gross Margin
+17.8%
Trailing twelve months
Operating Margin
+11.5%
Trailing twelve months
Free Cash Flow Yield
+13.0%
Distance from 200DMA
-14.3%
Next Earnings
2026-11-03
P/E
12.1x
EV / EBITDA
9.4x
EV / Sales
1.2x
Market metrics as of Sep 14, 2026
Financial results for the period ended Jul 3, 2026
Filed balance-sheet data as of Jul 3, 2026

Fundamentals & Valuation

All three valuation perspectives agree this company is cheap.
Leidos Holdings, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

What changed

  • Price structure deteriorated
    LDOS: behavior moved from early trend to distribution.
    2026-09-08

Company Research

Thesis
Leidos is a large federal technology integrator and mission-services provider. Its current operating structure spans Intelligence & Digital, Health, Homeland, and Defense, delivering secure IT modernization, cyber, intelligence and mission software, systems engineering, logistics, and defense technologies primarily to U.S.
Opportunity
Moderate opportunity
Defense and intelligence spending on secure mission software, data integration, cyber operations, command-and-control modernization, and AI-enabled decision support across classified and operational environments.
Key risk
Dependence on government contract renewals and budget allocations.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Defense Digital Modernization and Mission Software, with strong fit.
LDOS has direct, material exposure to defense and intelligence modernization budgets, but it is not a focused munitions, missile-defense, drone, or satellite manufacturer represented by the promoted defense chapters.
Narrative HeatHeating up8.3 / 10
Theme HeatHeating up7.1 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Information Technology Services
What they do

Leidos Holdings, Inc. provides technology services and solutions primarily to government and commercial customers, focusing on national security, defense, and intelligence through software, AI, and operational support.

How it earns

The company generates revenue primarily through project-based contracts and service agreements with government and commercial clients.

Products & services
National security software
Artificial intelligence and machine learning solutions
Cybersecurity operations
Intelligence analysis and operational support
Logistics and security services
Biometrics and chemical, biological, radiological, nuclear, and explosive (CBRNE) defense
Customers & end markets
U.S. government agencies
International government customers
Commercial enterprises
Market position

Leidos is a leader in government-focused information technology and defense services.

Demand drivers
Low cyclicality

Demand is driven largely by government contracts which tend to be stable and less sensitive to economic cycles.

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