Science Applications International Corp. ( (SAIC) ) has released its Q2 earnings. Here is a breakdown of the information Science Applications International Corp. presented to its investors.
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Science Applications International Corporation (SAIC) is a leading technology integrator that specializes in providing high-end solutions across the defense, space, civilian, and intelligence sectors. Headquartered in Reston, Virginia, SAIC is recognized for its role in driving digital transformation and innovation within these critical markets.
In its latest earnings report for the second quarter of fiscal year 2026, SAIC reported revenues of $1.77 billion, marking a 3% decline compared to the previous year. Despite this contraction, the company achieved net bookings of $2.6 billion, reflecting a strong book-to-bill ratio of 1.5. The company’s net income rose to $127 million, with adjusted EBITDA reaching $185 million, accounting for 10.5% of revenues.
Key financial highlights include a significant increase in diluted earnings per share to $2.71, up 72% from the previous year, and adjusted diluted earnings per share of $3.63. SAIC also generated $122 million in cash flows from operating activities, with free cash flow amounting to $150 million. The company announced several notable contract awards, including a $928 million contract with the U.S. Air Force and a $728 million task order with the Department of Treasury.
Looking ahead, SAIC’s management has adjusted its guidance, lowering revenue and adjusted EBITDA expectations while increasing projections for free cash flow and adjusted diluted earnings per share. The company remains focused on aligning its cost structure and sustaining key investments to drive long-term value creation, with a cautious outlook on the operating environment.
SAIC’s strategic initiatives and robust contract awards position the company to navigate the current challenges while continuing to deliver value to its stakeholders. The management’s prudent approach and commitment to executing its strategy underscore its confidence in achieving its revised financial targets.