LDOS
Leidos Holdings, Inc.

Leidos Holdings, Inc.LDOS

Technology · Information Technology Services
142.98USD
+1.39%
Oct 31, 2026
LDOS overview ready
Federal Technology Integrator Delivering Secure Mission Software and Cyber Solutions
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 action is under distribution
Longer-term context reads early trend, with a near-term setup of daily reclaim.
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 U.S. Government defense and intelligence budgets.
Market Oct 30Filing Jul 3Price action Oct 30Research Sep 7

Conviction Level

CompanyFit8.0PriceAction9.1Valuation8.2CompanyPosition9.3BusinessQuality8.3

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Company Position is research context, not an input.

Theme leadershipGroup context · not a Conviction input
Defense / DronesImproving
vs SPY
+1.8pp
Theme return
+0.7%
Beating SPY
13 of 25
21 sessions to Oct 30, 2026 · ranked 29 of 60 themes
Price
Loading price history…

Price Action

Price action is under distribution
Longer-term context reads early trend, with a near-term setup of daily reclaim.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$17.9B
Avg Volume (60D)
1.1M
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
+12.1%
Distance from 200DMA
+1.8%
Next Earnings
2026-11-03
P/E
13.0x
EV / EBITDA
10.0x
EV / Sales
1.3x
Market metrics as of Oct 30, 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.
    2026-10-29
  • Price structure improved
    LDOS: behavior moved from damaged structure to strong advance, and weekly structure moved from downtrend to uptrend.
    2026-10-25
  • Leidos Holdings, Inc. — 8-K (items 1.01, 7.01, 9.01)
    Reported on 8-K, dated 2026-10-05.
    2026-10-05 · source

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 U.S. Government defense and intelligence budgets.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Information Technology Services
What they do

Leidos Holdings, Inc. provides technology services and solutions primarily to U.S. Government customers, focusing on national security, defense, intelligence, health, and homeland sectors through software, systems engineering, and mission support.

How it earns

Revenue is primarily generated through project-based contracts and service agreements with government agencies and commercial clients.

Products & services
National security software and AI-enabled mission systems
Cybersecurity and cyber operations solutions
Intelligence analysis and operational support
Systems engineering and logistics services
Health IT and digital modernization services
Customers & end markets
U.S. federal government agencies
Defense and intelligence community
Homeland security organizations
Commercial government contractors
Market position

Leidos is a leading federal technology integrator and mission-services provider with a broad portfolio across defense, intelligence, and health sectors.

Demand drivers
Medium cyclicality

Business depends largely on government budgets and contract renewals, which can fluctuate with political and fiscal cycles.

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