SAIC’s surprise guide cut highlights ongoing policy uncertainty, says Truist

Truist reiterates a Hold rating and $110 price target on SAIC (SAIC) after the company reported downside revenue results and lowered FY26/FY27 guidance. In the firm’s view, management commentary on the federal environment was more cautious than competitors, providing fresh uncertainty for the group. Profitability guidance was more positive, with a raise in FY26, but Truist notes due to onetime tax items. The firm looks ahead to next quarter for more concrete actions on cost reductions.