Leidos(US:LDOS)2025-08-05 12:00Financial Performance - Revenue increased by 2.9% from $4,132 million in Q2 FY24 to $4,253 million in Q2 FY25[14] - Adjusted EBITDA margin improved by 170 bps from 13.5% in Q2 FY24 to 15.2% in Q2 FY25[14] - Non-GAAP diluted EPS increased by 22.1% from $2.63 in Q2 FY24 to $3.21 in Q2 FY25[14] - Non-GAAP free cash flow was $457 million, driven by strong EBITDA generation and resulting in a free cash flow conversion of 110%[17] Segment Performance - National Security & Digital segment revenue increased by 3.3% from $1,813 million to $1,872 million[16] - Health & Civil segment revenue increased by 0.7% from $1,263 million to $1,272 million[16] - Commercial & International segment revenue increased by 0.9% from $561 million to $566 million[16] - Defense Systems segment revenue increased by 9.7% from $495 million to $543 million[16] - Commercial & International Non-GAAP OI % increased by 780 bps from 0.7% to 8.5%[16] Guidance - Revenue guidance is $17.00 - $17.25 billion[18] - Adjusted EBITDA margin guidance is mid 13%[18] - Non-GAAP Diluted EPS guidance is $11.15 - $11.45[18] - Cash Flows Provided by Operating Activities guidance is approximately $1.65 billion[18]