NYSE$LDOS
Leidos Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Leidos reported revenue growth and earnings exceeding forecast, with record cash flow from operations.
Leidos Holdings, Inc. reported a 4% year-over-year increase in revenues to $3.6 billion for the third quarter of fiscal year 2022. Net income was $164 million, with adjusted EBITDA at $372 million. The company also reported record cash flows from operations of $748 million and free cash flow of $721 million.
- Revenues increased by 4% year-over-year to $3.6 billion.
- Net income reached $164 million; Adjusted EBITDA totaled $372 million.
- Diluted Earnings per Share (EPS) was $1.17, or $1.59 on a non-GAAP basis.
- Net bookings were $4.1 billion, resulting in a book-to-bill ratio of 1.1.
Headline financials
Revenue & EPS history
Leidos · Revenue · Quarterly
$3.61B
Revenue by segment
Leidos · $2.07B total across 3 segments · Q3 2023
- Health & Civil$1.06B+20.7%51.0%
- Commercial & International$552M—26.7%
- Defense Systems$462M—22.3%
Forward guidance
Leidos is updating its fiscal year 2022 guidance as follows: Revenues (billions) $14.2 - $14.4, Adjusted EBITDA Margin 10.3% - 10.5%, Non-GAAP Diluted EPS $6.20 - $6.40, Cash Flows Provided by Operating Activities (billions) at or above $1.0
Tailwinds
- Revenues (billions) $14.2 - $14.4
- Adjusted EBITDA Margin 10.3% - 10.5%
- Non-GAAP Diluted EPS $6.20 - $6.40
- Cash Flows Provided by Operating Activities (billions) at or above $1.0
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.7%
Avg return
Earnings day
+0.4%
Avg return
5 days after
+1.5%
Avg return
30 days after
48%
31 / 64 earnings
Positive
+10.2%
Q3 2023
Best reaction
-19.7%
Q4 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -5.8% | -12.6% | -16.2% | |
| Q4 2026 | -8.0% | -1.6% | -5.9% | |
| Q3 2026 | +3.3% | +2.0% | -0.3% | |
| Q1 2025 | +4.7% | +5.2% | -1.7% | |
| Q4 2024 | -3.6% | -7.4% | -6.9% | |
| Q3 2024 | +9.4% | +7.8% | -3.4% | |
| Q2 2024 | -5.6% | -5.0% | +2.9% | |
| Q1 2024 | +8.0% | +7.6% | +10.4% | |
| Q4 2023 | +6.1% | +8.1% | +11.5% | |
| Q3 2023 | +10.2% | +13.2% | +16.9% | |
| Q2 2023 | +5.4% | +3.8% | +4.3% | |
| Q1 2023 | -14.2% | -14.3% | -16.8% | |
| Q4 2022 | -2.8% | +0.5% | -8.1% | |
| Q3 2022 | +2.7% | +4.1% | +7.9% | |
| Q2 2022 | -5.0% | -4.4% | -9.6% | |
| Q1 2022 | +1.2% | -0.3% | +2.1% | |
| Q4 2021 | +1.6% | +6.5% | +19.0% | |
| Q3 2021 | -6.0% | -6.4% | -11.4% | |
| Q2 2021 | -11.8% | -11.9% | -7.4% | |
| Q1 2021 | +0.0% | +0.3% | -0.2% | |
| Q4 2020 | -12.9% | -14.8% | -7.3% | |
| Q3 2020 | +6.0% | +9.0% | +24.2% | |
| Q2 2020 | -8.7% | -5.2% | -9.5% | |
| Q1 2020 | -1.7% | +3.8% | +7.1% | |
| Q3 2019 | +7.3% | +5.6% | +12.6% | |
| Q2 2019 | -1.5% | -1.8% | +4.7% | |
| Q1 2019 | +8.9% | +11.3% | +11.9% | |
| Q4 2018 | -2.7% | +1.8% | +0.6% | |
| Q3 2018 | -2.2% | +0.8% | +0.5% | |
| Q2 2018 | +7.4% | +7.3% | +10.1% | |
| Q1 2018 | -3.1% | -0.8% | -1.9% | |
| Q4 2017 | +1.0% | +0.0% | -0.3% | |
| Q3 2017 | +1.3% | -0.4% | -0.8% | |
| Q2 2017 | +7.5% | +8.4% | +12.4% | |
| Q1 2017 | +1.6% | -2.0% | +4.4% | |
| Q4 2016 | +1.8% | +0.3% | -1.0% | |
| Q3 2016 | +6.2% | +5.6% | +25.1% | |
| Q2 2016 | -4.4% | -7.6% | -24.4% | |
| Q1 2016 | -3.8% | — | — | |
| Q4 2015 | -5.4% | — | — | |
| Q3 2015 | +8.2% | — | — | |
| Q2 2015 | +6.9% | — | — | |
| Q1 2015 | -5.6% | — | — | |
| Q4 2014 | -9.1% | — | — | |
| Q3 2014 | +1.8% | — | — | |
| Q2 2014 | -6.9% | — | — | |
| Q1 2014 | +6.4% | — | — | |
| Q4 2013 | -19.7% | — | — | |
| Q3 2013 | -0.4% | — | — | |
| Q2 2013 | -5.4% | — | — | |
| Q1 2013 | +1.9% | — | — | |
| Q4 2012 | +3.3% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2012 | -1.8% | — | — | |
| Q1 2011 | -3.4% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q1 2010 | -0.8% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q3 2010 | -6.7% | — | — | |
| Q3 2011 | -6.7% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q2 2010 | +1.1% | — | — |
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