Core Insights - Leidos Holdings, Inc. is a technology and engineering firm focused on national security, defense, health, and civil markets, with a market capitalization of approximately $23.8 billion [1] Stock Performance - LDOS shares have outperformed the broader market, gaining 13.2% over the past 52 weeks and 29.5% year-to-date, compared to the S&P 500 Index's gains of 11% and 12.3% respectively [2] - While LDOS has lagged behind the Technology Select Sector SPDR Fund's 17% surge over the past year, it has outpaced XLK's 17.5% increase in 2025 [3] Financial Performance - The company reported record revenues of $4.5 billion for the third quarter, reflecting a 7% year-over-year increase, with non-GAAP EPS of $3.05, up 4% annually [4] - Leidos' total backlog increased by 5% year-over-year, indicating strong demand for its services [4] Strategic Initiatives - The "NorthStar 2030" strategy is focused on growth areas such as national security, mission software, and health services, benefiting from favorable macroeconomic conditions [5] - Analysts project a 14.8% year-over-year growth in EPS for fiscal 2025, expecting it to reach $11.72 [5] Analyst Ratings - The stock has a consensus "Moderate Buy" rating, with 15 analysts covering it: eight recommend "Strong Buy," one "Moderate Buy," and six suggest a "Hold" rating [6] - Jefferies recently raised its price target for LDOS to $230 from $215, maintaining a "Buy" rating after a strong quarterly performance [7]

Financial Performance - Revenues decreased by 8% QoQ to KRW 5,587 billion[4, 13] and 17% YoY[4] - Operating income turned to a deficit of KRW -116 billion[4, 13] - EBITDA decreased by 14% QoQ to KRW 1,054 billion[4, 13] and 18% YoY[4] - Net income turned to profit of KRW 891 billion[4, 13] Shipment and Pricing - Area shipment decreased by 26% QoQ to 4.0 Mm2[7] - ASP per m2 increased by 32% QoQ to USD 1,056[7] Financial Position - Cash and cash equivalents increased to KRW 1,666 billion[10, 15] - Liabilities to Equity Ratio decreased to 268%[10] - Net Debt to Equity Ratio decreased to 155%[10, 15] Cash Flow - Cash flow from operating activities was negative KRW -480 billion[10, 17] - Net change in cash increased by KRW 684 billion[10, 17]