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SAIC Announces First Quarter of Fiscal Year 2026 Results
Revenues of $1.88 billion; approximately 2% revenue growthNet bookings of $2.4 billion; book-to-bill ratio of 1.3Net income of $68 million; Adjusted EBITDA(1)
About this update from Science Applications International Corporation
[{"type":"text","content":"Revenues of $1.88 billion; approximately 2% revenue growthNet bookings of $2.4 billion; book-to-bill ratio of 1.3Net income of $68 million; Adjusted EBITDA(1) of $157 million or 8.4% of revenuesDiluted earnings per share of $1.42; Adjusted diluted earnings per share(1) of $1.92Cash flows provided by operating activities of $100 million; Free cash flow(1) of $(44) million Management reaffirms fiscal year 2026 guidance RESTON, Va., June 02, 2025 (GLOBE NEWSWIRE) -- Science Applications International Corporation (NASDAQ: SAIC), a premier Fortune 500 technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the first quarter ended May 2, 2025. \"Our performance in the first quarter reflects the steady progress we are making against our enterprise growth strategy despite a still dynamic operating environment,\" said Toni Townes-Whitley, SAIC Chief Executive Officer. \"As a premier mission integrator, the rapid evolution of new technologies, a renewed focus on deploying software to drive efficiency, and an elevated global threat environment create significant opportunities for SAIC. I am confident that SAIC is prepared and well aligned with these macro trends to drive value for our customers, employees, and shareholders.\" First Quarter of Fiscal Year 2026: Summary Operating Results Three Months Ended May 2, 2025 Percent change May 3, 2024 (dollars in millions, except per share amounts)Revenues$1,877 2% $1,847 Operating income 121 (8)% 131 Operating income as a percentage of revenues 6.4% -70bps 7.1%Adjusted operating income(1) 158 (4)% 165 Adjusted operating income as a percentage of revenues 8.4% -50bps 8.9%Net income 68 (12)% 77 EBITDA(1) 156 (7)% 167 EBITDA as a percentage of revenues 8.3% -70bps 9.0%Adjusted EBITDA(1) 157 (5)% 166 Adjusted EBITDA as a percentage of revenues 8.4% -60bps 9.0%Diluted earnings per share$1.42 (4)% $1.48 Adjusted diluted earnings per share(1)$1.92 —% $1.92 Net cash provided by operating activities$100 2% $98 Free cash flow(1)$(44) (438)% $13 (1)Non-GAAP measure, see Schedule 6 for information about this measure. First Quarter Summary Results Revenues for the quarter increased $30 million or 2% compared to the same period in the prior year primarily due to ramp up in volume in existing and new contracts, p...
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