New York, Feb 11, 2026, 19:03 ET — After-hours
- Leidos closed down about 11% at $173 on Wednesday; it was little changed in after-hours trading.
- The defense and IT services contractor is due to report results before the bell on Feb. 17.
- Investors are also watching management’s commentary on a planned $2.4 billion ENTRUST deal and recent federal contract wins.
Leidos Holdings Inc shares slid on Wednesday and were steady after hours, leaving the stock at $173 after a sharp one-day drop from Tuesday’s close. The shares swung between $172.57 and $195.99, with about 1.5 million shares changing hands.
The move lands less than a week before Leidos reports fourth-quarter and full-year 2025 results, due before the market opens on Feb. 17, when executives will also host a conference call. (Leidos)
Leidos has pointed to fresh work on the federal side. On Feb. 9, it said it won a $142 million award tied to the Defense Information Systems Agency’s Compartmented Enterprise Services Office and described the effort as including “AI-driven” capabilities and a push toward “Zero Trust” security — a model that assumes breaches and keeps checking users and devices. “This modernization effort strengthens the digital backbone that supports our nation’s defense and intelligence operations,” Paul Welch, a senior vice president at Leidos, said in the release. (PR Newswire)
Leidos is also in deal mode. On Jan. 26 it said it would buy power design firm ENTRUST Solutions Group from private equity firm Kohlberg for about $2.4 billion, aiming to expand its utility engineering business, with closing targeted by the end of the second quarter of 2026. Leidos said it expects to fund the all-cash purchase with a mix of new debt, cash on hand and commercial paper. (Reuters)
The company is scheduled to put CEO Tom Bell in front of investors again next week. Leidos said Bell will take part in a fireside chat at Citi’s industrial tech and mobility conference on Feb. 18, with a live audio webcast. (Seeking Alpha)
The broader market gave investors little cover. Wall Street’s main indexes ended nearly flat on Wednesday after a stronger-than-expected U.S. jobs report, as traders trimmed bets for near-term Federal Reserve rate cuts; investors next turn to the January Consumer Price Index report due Friday, Feb. 13. (Reuters)
For Leidos, attention now shifts to what it says about margins, bookings and cash generation — and how it plans to carry the balance sheet as the ENTRUST acquisition heads toward closing.
Wall Street expects Leidos to post quarterly earnings of $2.57 per share, with revenue seen at about $4.25 billion, according to a recent consensus preview. (Nasdaq)
But government services stocks can trade on headline risk. In its filings, Leidos has flagged that U.S. government customers can terminate contracts — a standing uncertainty for companies that lean heavily on federal work. (Leidos)
Next up: Thursday’s session after the selloff, Friday’s CPI on Feb. 13, Leidos’ results on Feb. 17, and Bell’s investor appearance on Feb. 18.
