Science Applications International Corp. ( (SAIC) ) has released its Q1 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 Fortune 500 technology integrator focused on digital transformation within the defense, space, civilian, and intelligence sectors, offering mission-critical IT and engineering services.
In its first quarter of fiscal year 2026, SAIC reported revenues of $1.88 billion, marking a 2% increase from the previous year, alongside net income of $68 million and adjusted EBITDA of $157 million. The company also achieved net bookings of $2.4 billion, reflecting a book-to-bill ratio of 1.3.
Key financial highlights include a slight decline in operating income to $121 million, a decrease in EBITDA margin to 8.4%, and a drop in diluted earnings per share to $1.42. Despite these challenges, SAIC maintained its fiscal year 2026 guidance, projecting revenues between $7.60 billion and $7.75 billion and adjusted diluted EPS between $9.10 and $9.30.
SAIC’s strategic contract awards during the quarter include a $1.8 billion contract with the U.S. Army and a $327 million IT services contract for the Pension Benefit Guaranty Corporation. These contracts underscore SAIC’s robust position in the defense and civilian sectors.
Looking ahead, SAIC remains optimistic about its growth strategy, supported by a strong backlog of $22.3 billion and continued focus on leveraging emerging technologies to meet national security and civilian needs.