Leidos Holdings, Inc.
For the period ended Apr 3, 2026. Filed May 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Apr 3, 2026 · Filed May 5, 2026
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Bookings and Backlog
We recorded net bookings worth an estimated $3.3 billion during the three months ended April 3, 2026, as compared to $2.1 billion for the three months ended April 4, 2025.
The estimated value of our total backlog was as follows:
| April 3, 2026 | April 4, 2025 | |||||
|---|---|---|---|---|---|---|
| (in millions) | Funded | Unfunded | Total | Funded | Unfunded | Total |
| Intelligence & Digital | $1,882 | $17,453 | $19,335 | $1,745 | $15,603 | $17,348 |
| Health | 1,760 | 4,800 | 6,560 | 832 | 7,431 | 8,263 |
| Homeland | 3,304 | 6,580 | 9,884 | 2,617 | 7,357 | 9,974 |
| Defense | 2,652 | 9,938 | 12,590 | 2,135 | 8,576 | 10,711 |
| Total | $9,598 | $38,771 | $48,369 | $7,329 | $38,967 | $46,296 |
Backlog at April 3, 2026, includes $371 million acquired through the acquisition of Entrust within the Homeland reportable segment.
Backlog represents the revenues we expect to recognize under negotiated contracts and unissued task orders on sole source IDIQ contracts, to the extent we believe their execution and funding to be probable. Backlog does not include potential task orders expected to be awarded under multiple award IDIQ contracts.
Backlog estimates are subject to change and may be affected by factors including modifications of contracts and foreign currency movements.
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