Leidos reported a strong second quarter, posting revenue of $4.6 billion, up 7% from a year earlier. The results also included net income of $356 million, or $2.81 per diluted share, reflecting solid profitability during the period.
The company said adjusted EBITDA reached $631 million, with an adjusted EBITDA margin of 13.8%. On a non-GAAP basis, diluted earnings per share came in at $3.26, up 2% year over year, adding to signs of steady operating performance.
The combination of higher revenue, healthy margins, and earnings growth helped support management’s decision to enhance its full-year guidance. While the updated outlook details were not included in the provided summary, the guidance increase points to stronger expectations for the rest of the year.
Overall, the quarter suggests Leidos is maintaining momentum across its business while improving its financial outlook. Investors will likely focus on whether the company can sustain revenue growth and margin strength in the coming quarters.
