Leidos Holdings' Backlog Grows: What Does it Mean for Future Revenues?

Key Takeaways Leidos' backlog grew to $46.3B in Q1 2025, marking consistent sequential increases since Q2 2024. LDOS saw revenue gains of 6.8% in Q1 2025, tracking with its rising backlog and order momentum. Zacks projects 2025 sales for LDOS to rise 2.7%, with upward-trending EPS estimates.For defense contractors like Leidos Holdings Inc. (LDOS) , increasing backlog count serves as a primary revenue growth driver. Notably, a steady flow of contracts for combat-proven defense solutions from the Pentagon a ...