Leidos Holdings, Inc. stock research
FY2026 Q1
Leidos Holdings (LDOS) Gross Margin & Quarterly History
Explore Leidos Holdings, Inc. (LDOS) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Apr 3, 2026 · FY2026 Q1
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. However, cost of revenue rose at a faster rate, causing gross margin to decline.
- The primary observable factor was the faster growth in cost of revenue relative to revenue, which compressed margins.
- Gross margin weakened relative to both the immediately preceding quarter and the same quarter one year earlier, as cost of revenue grew more rapidly than revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
17.0%
Gross profit
$744.0M
Revenue
$4.4B
Cost of revenue
$3.6B
Quarter-over-quarter change
-0.4 pts
Year-over-year change
-0.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jul 4, 2025 | $4.2B | $762.0M | $3.5B | 18.0% |
| Oct 3, 2025 | $4.4B | $801.0M | $3.6B | 18.0% |
| Jan 2, 2026 | $4.2B | $729.0M | $3.5B | 17.4% |
| Apr 3, 2026 | $4.4B | $744.0M | $3.6B | 17.0% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 2, 2026
-0.4 pts
Year-over-year change
Apr 4, 2025
-0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable factor was the faster growth in cost of revenue relative to revenue, which compressed margins.
Gross margin weakened relative to both the immediately preceding quarter and the same quarter one year earlier, as cost of revenue grew more rapidly than revenue.
Monitor the trend in cost of revenue relative to revenue in upcoming quarters.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Leidos Holdings, Inc. (LDOS) | 17.0% |