Leidos Holdings (LDOS) Revenue — Quarter Ended Mar 31, 2023
Leidos reported revenue growth for the quarter, driven by an increase compared to both the prior quarter and the same period last year. The company continues to experience year-over-year expansion.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Leidos reported revenue growth for the quarter, driven by an increase compared to both the prior quarter and the same period last year. The company continues to experience year-over-year expansion.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
+0.4%
Change from the immediately preceding quarter.
Year-over-year
+5.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 1, 2022 | $3.6B | +4.4% |
| Sep 30, 2022 | $3.6B | +3.8% |
| Dec 30, 2022 | $3.7B | +5.9% |
| Mar 31, 2023 | $3.7B | +5.8% |
Revenue performance
Revenue for the quarter was higher than the immediate preceding quarter, reflecting sequential improvement. The year-over-year comparison also showed a notable increase, continuing the positive trend from earlier quarters.
Quarterly comparison
The quarter's revenue rose compared to the prior quarter, though the sequential increase was modest. Against the same quarter last year, the growth was more pronounced, indicating sustained annual momentum.
What to watch
The sequential revenue growth rate slowed compared to the prior quarter's pace, which may warrant monitoring for any shift in demand or project timing.