Leidos Q3 net income rises 12% to $413 million

• Leidos’ third-quarter FY26 diluted earnings per share rose 16% year-over-year to $3.28.
• Revenues increased to $4.63 billion, supported by stronger demand for defense technology, air traffic management and intelligence mission support.
• Operating cash flow fell 26% year-over-year to $523 million.
• The company closed its Altaris joint venture transaction October 5, contributing its Security Enterprise Solutions and Industrial Automation businesses.
• FY26 revenues guidance decreased to $18 billion–$18.2 billion, incorporating the joint venture transaction.

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