Leidos Jumps On Q1 Beat As Defense, Tech Demand Fuel Growth, 2025 Outlook Reaffirmed

Leidos Holdings Inc LDOS reported first-quarter fiscal 2025 results on Tuesday. The company reported a quarterly revenue growth of 7% year-over-year to $4.25 billion, beating the analyst consensus estimate of $4.10 billion. The stock price gained after the report.

Also Read: Leidos Q4 Earnings: $7.6 Billion In Net Bookings, CEO Highlights Business Momentum And 2025 Outlook

Revenues grew year-over-year due to increased demand across all customer segments, with three of the four reporting segments growing 7% or more.

The defense, aviation, information technology and biomedical research, the company's adjusted EPS was $2.97, up 30% Y/Y, beating the analyst consensus estimate of $2.50.

Adjusted net income was $391 million for the quarter, up 25% Y/Y.

Adjusted EBITDA was $601 million, up 23% Y/Y. The margin of 14.2% increased from 12.3% a year ago. 

Net bookings totaled $2.1 billion for the quarter, representing a book-to-bill ratio of 0.5. As a result, the backlog at the end of the year was $46.3 billion, of which $7.3 billion was funded. 

Leidos held $842 million in cash and equivalents as of April 4, 2025.

Outlook: Leidos reiterated fiscal 2025 revenue of $16.9 billion–$17.3 billion. The analyst consensus stands at $17.13 billion.

The company expects its fiscal 2024 adjusted EPS of $10.35–$10.75 versus the $10.68 consensus estimate.

LDOS Price Action: Leidos Holding stock is up 4.29% at $154.28 at publication on Tuesday.

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