SAIC lowers FY27 revenue view $7B-$7.2B from $7.35B-$7.55B, consensus $7.4B

As a result of two recent unfavorable recompete award decisions and unchanged market conditions, the company now expects fiscal year 2027 revenue to organically decline, compared to previous guidance of modest growth. Margin is expected to be higher than the previous guidance due to improved operational efficiency and mix. Adjusted EBITDA is now expected to be lower due to the impact of lower revenue, partially offset by higher margin. Sees adjusted EBITDA $705M-$715M; FCF greater than $600M.