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SAIC Announces Third Quarter of Fiscal Year 2026 Results
Revenues of $1.87 billionNet bookings of $2.2 billion; book-to-bill ratio and trailing twelve months book-to-bill ratio of 1.2Year-to-date net bookings of
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[{"type":"text","content":"Revenues of $1.87 billionNet bookings of $2.2 billion; book-to-bill ratio and trailing twelve months book-to-bill ratio of 1.2Year-to-date net bookings of $7.2 billion; year-to-date book-to-bill ratio of 1.3Net income of $78 million; Adjusted EBITDA(1) of $185 million or 9.9% of revenuesDiluted earnings per share of $1.69; Adjusted diluted earnings per share(1) of $2.58Cash flows provided by operating activities of $129 million; Free cash flow(1) of $135 millionCompany increases fiscal year 2026 guidance on certain key metrics RESTON, Va., Dec. 04, 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 third quarter ended October 31, 2025. \"Our third quarter results reflect a 5.6% revenue contraction, slightly ahead of our guidance when adjusting for the approximate 1% headwind from the government shutdown, and strong margins due to continued sound program execution,” said Jim Reagan, SAIC Interim Chief Executive Officer. “My priority as interim CEO is to focus the company for long-term shareholder value creation. We have already begun implementing the initial changes to fuel growth and drive margins higher while maintaining our capital allocation framework centered around our share repurchase program.\" Third Quarter of Fiscal Year 2026: Summary Operating Results Three Months Ended October 31,2025 Percentchange November 1,2024 (dollars in millions, except per share amounts)Revenues$1,866 (6)% $1,976 Operating income 128 (20)% 160 Operating income as a percentage of revenues 6.9% -120bps 8.1%Adjusted operating income(1) 183 (6)% 195 Adjusted operating income as a percentage of revenues 9.8% -10bps 9.9%Net income 78 (26)% 106 EBITDA(1) 168 (15)% 197 EBITDA as a percentage of revenues 9.0% -100bps 10.0%Adjusted EBITDA(1) 185 (6)% 197 Adjusted EBITDA as a percentage of revenues 9.9% -10bps 10.0%Diluted earnings per share$1.69 (21)% $2.13 Adjusted diluted earnings per share(1)$2.58 (1)% $2.61 Net cash provided by operating activities$129 (10)% $143 Free cash flow(1)$135 1,400% $9 (1)Non-GAAP measure, see Schedule 6 for information about this measure. Third Quarter Summary Results Revenues for the quarter decreased $110 ...
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