Leidos Holdings, Inc.
For the period ended Oct 2, 2026. Filed Nov 3, 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.
Oct 2, 2026 · Filed Nov 3, 2026
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Bookings and Backlog
We recorded net bookings worth an estimated $5.5 billion and $13.7 billion during the three and nine months ended October 2, 2026, respectively, as compared to $5.9 billion and $11.9 billion for the three and nine months ended October 3, 2025, respectively.
The estimated value of our total backlog was as follows:
| October 2, 2026 | October 3, 2025 | |||||
|---|---|---|---|---|---|---|
| (in millions) | Funded | Unfunded | Total | Funded | Unfunded | Total |
| Intelligence & Digital | $2,098 | $16,074 | $18,172 | $2,092 | $17,339 | $19,431 |
| Health | 1,243 | 5,075 | 6,318 | 1,523 | 6,479 | 8,002 |
| Homeland | 3,909 | 6,501 | 10,410 | 3,193 | 6,538 | 9,731 |
| Defense | 3,812 | 10,842 | 14,654 | 2,256 | 8,236 | 10,492 |
| Total | $11,062 | $38,492 | $49,554 | $9,064 | $38,592 | $47,656 |
Backlog at October 2, 2026, includes amounts acquired as part of the Entrust transaction. As of March 27, 2026, the acquisition date, Entrust had $371 million of backlog that was included 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.
| 28 | Leidos Holdings, Inc. |
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