SAIC Announces First Quarter of Fiscal Year 2027 Results

About this update from Science Applications International Corporation

Revenues of $1.91 billion, approximately 2% growth; 0.5% organic growth(1) adjusted for SilverEdge acquisitionNet bookings of $2.1 billion; quarterly book-to-bill ratio of 1.1; trailing twelve months book-to-bill ratio of 1.0Net income of $115 million; Adjusted EBITDA(1) of $222 million or 11.6% of revenuesDiluted earnings per share of $2.61; Adjusted diluted earnings per share(1) of $3.23Cash flows provided by operating activities of $127 million; Free cash flow(1) of $118 millionCompany increases fiscal year 2027 guidance for adjusted EBITDA(1), adjusted EBITDA margin %(1) and adjusted diluted EPS(1); reiterates revenue and free cash flow(1) guidance RESTON, Va., June 01, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corporation (NASDAQ: SAIC), a premier mission integrator driving our nation's digital transformation across the defense, space, intelligence, and civilian markets, today announced results for the first quarter ended May 1, 2026. "I am proud of our team’s performance this quarter, delivering record margin and modest organic growth," said Jim Reagan, SAIC Chief Executive Officer. "These results reflect our focus on execution and our commitment to our financial targets. We are raising our guidance to reflect this strong start, while continuing to invest for the future. We are also advancing our enterprise transformation and strategy efforts to drive long-term growth and margin expansion, and to support our customers’ most critical missions." First Quarter of Fiscal Year 2027: Summary Operating Results Three Months Ended May 1,2026 Percentchange May 2,2025 (dollars in millions, except per share amounts)Revenues$1,906 2% $1,877 Operating income 179 48% 121 Operating income as a percentage of revenues 9.4% 300bps 6.4%Adjusted operating income(1) 221 40% 158 Adjusted operating income as a percentage of revenues 11.6% 320bps 8.4%Net income 115 69% 68 EBITDA(1) 220 41% 156 EBITDA as a percentage of revenues 11.5% 320bps 8.3%Adjusted EBITDA(1) 222 41% 157 Adjusted EBITDA as a percentage of revenues 11.6% 320bps 8.4%Diluted earnings per share$2.61 84% $1.42 Adjusted diluted earnings per share(1)$3.23 68% $1.92 Net cash provided by operating activities$127 27% $100 Free cash flow(1)$118 368% $(44) (1)Non-GAAP measure, see Schedule 6 for information about this measure. First Quarter Summary Results Revenues for the quarter increased $29 mi...

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