Science Applications International Corporation Earnings Recaps
Q2 2027
Sep 2, 2026
SAIC’s shares were little changed, rising just 0.7% after reporting Q2 results and raising full-year guidance. The market response indicates cautious reception despite management’s optimism about operational efficiency, margin expansion, and pipeline strength.
Key takeaways
- Revenue and EBITDA guidance for fiscal year 2027 were raised, reflecting management’s confidence in delivering on targets.
- The company highlighted organic growth, double-digit margins, and robust free cash flow as pillars of current performance.
- Award activity showed some unevenness, pointing to volatility in the procurement environment despite a strong qualified pipeline.
- A recompete win rate exceeding 90% supports stability in the base and prospects for on-contract growth.
- Transformation initiatives, including Project Orbit and strategic portfolio review, are underway but expected to yield major results over a multi-year horizon rather than immediately.
Q4 2026
Mar 16, 2026
Science Applications International Corporation reported lower-than-expected fourth-quarter revenue, primarily due to procurement delays, but achieved a 9.7% EBITDA margin and exceeded free cash flow guidance, indicating strength in execution despite market challenges.
Key takeaways
- Fourth-quarter revenue fell about 5% below guidance primarily due to procurement delays and customer disruptions.
- Achieved a 9.7% EBITDA margin for FY 2026, with guidance for a double-digit margin in FY 2027 at 10%.
- Free cash flow exceeded guidance by 10%, highlighting operational resilience and strong execution.
- Focus on business development with a newly appointed Chief Growth Officer to improve win rates and efficiency in bidding for contracts.
- Anticipate organic contraction in FY 2027, particularly in the large enterprise IT market, while investing in high-value, outcome-oriented projects.