Finance
Leidos beats quarterly estimates on robust weaponry demand
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Leidos Holdings exceeded Q1 estimates due to strong demand for weapon systems, driven by geopolitical tensions and a higher U.S. defense budget.
(Reuters) - Defense contractor Leidos Holdings on Tuesday beat Wall Street estimates for first-quarter profit and revenue, helped by the robust demand for weapon systems.
Rising geopolitical tensions around the world and expectations of a higher U.S. defense budget under President Donald Trump have boosted the market for weapons.
Leidos, which provides technology and engineering services to government agencies as well as commercial clients, posted a 7% rise in first-quarter revenue of $4.25 billion from a year ago due to increased demand across customer segments.
Analysts on average were expecting quarterly revenue of $4.10 billion, according to data compiled by LSEG.
The Reston, Virginia-based company's adjusted profit was $2.97 per share during the three months ended April 4, compared with estimates of $2.50.
Higher sales of health services programs and cost-control measures were the primary drivers of its increased profitability during the quarter, Leidos said.
The company reiterated its annual revenue forecast of $16.90 to $17.30 billion and full-year adjusted profit view of $10.35 to $10.75 per share.
(Reporting by Utkarsh Shetti and Aatreyee Dasgupta in Bengaluru; Editing by Shreya Biswas)
The article discusses Leidos Holdings exceeding quarterly estimates due to strong demand for weapon systems.
Leidos reported a 7% revenue increase to $4.25 billion and an adjusted profit of $2.97 per share.
Increased demand for weapon systems, higher sales in health services, and cost-control measures contributed to their performance.
Explore more articles in the Finance category
