SAIC Research | Milton Maxwell

SAIC

Science Applications International Corporation

100.35

-1.23-1.21%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '26

Reaffirms EIT deemphasis, CapEx flexibility

3/15/26Mar 15, 2026

Q&A reinforces the prepared pivot from commoditized enterprise IT, with Reagan stressing deemphasis of vanilla work lacking differentiation while eyeing SilverEdge AI extensions to intel clients. Guidance stands pat on -2% to -4% organic revenue amid sufficient backlog and 2-3% OCG, but management flags CapEx flexibility for weapons production ramps if demand firms. Vanguard's FY27 recompete draws focus—incumbent for 15 years, feeling strong—yet funding outlays remain choppy despite January uptick. Enterprise transformation wins employee cheers. Win rates matter next.

Key Stats

Market Cap

4.62B

P/E (TTM)

12.83

Basic EPS (TTM)

7.82

Dividend Yield

0.01%

Recent Filings

8-K

SAIC FY26 results: revenue down

3/16/26Mar 16, 2026

SAIC reported FY26 revenues of $7.26B, down 3% yet adjusted EBITDA hit $708M at 9.7% margin, while cash flow soared to $609M operations and $577M free. Q4 bookings slumped to $0.6B with 0.3 book-to-bill, but backlog stands at $22.6B. Guidance eyes FY27 revenue $7.0B-$7.2B, adjusted EPS $9.50-$9.70. Weak bookings signal growth hurdles.

10-K

FY2026 results

3/16/26Mar 16, 2026

SAIC's FY2026 revenues dipped 3% to $7.3B amid contract completions and a $26M government shutdown hit, yet adjusted operating income held steady at 9.7%—matching last year's gain. Defense and Intelligence (77% of sales) contracted 3% to $5.6B with margins slipping to 8.6%, while Civilian improved to 13.6% margins despite 4% revenue drop. Q4 share repurchases accelerated, nabbing 982K shares at $98 average. Backlog swelled 4% to $22.6B. Government shutdowns threaten quarterly cash flows.

8-K

SAIC declares $0.37 dividend

3/13/26Mar 13, 2026

SAIC's board declared a $0.37 per share cash dividend on March 12, 2026, payable April 24 to record holders on April 10. The company plans quarterly payouts, subject to board review of earnings and capital needs. Dividends signal steady cash flow. Future declarations hinge on financial conditions.

8-K

Reagan named SAIC CEO

2/17/26Feb 17, 2026

SAIC appointed James C. Reagan as permanent CEO effective February 17, 2026, after his interim role since October 23, 2025. The ex-Leidos CFO brings two decades in defense services, securing $1.2M base salary, 150% STI target, and $7.5M in RSUs/PSUs. Board praises his steady leadership. Reagan eyes sharper execution for growth.

8-K

SAIC trims FY27 revenue outlook

2/11/26Feb 11, 2026

SAIC released preliminary FY26 results on February 11, 2026, showing revenue at ~$7.26B with ~3% organic decline yet adjusted EBITDA of ~$705M at 9.7% margin and free cash flow of $570M-$575M, beating prior guidance despite procurement delays and shutdowns. FY27 guidance cuts revenue to $7.0B-$7.2B with (4%)-(2%) organic drop from EIT recompete losses like Army RITS and Air Force Cloud One, but lifts margins to 9.9%-10.1%. Portfolio shift favors Mission IT.

About

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services in the United States. It operates in two segments, Defense and Intelligence, and Civilian. The company offers IT modernization services for defense, intelligence, and civilian agencies; digital engineering services; artificial intelligence solutions; weapon systems support for the U.S. military; training and simulation; and ground vehicles support services for the nation's armed forces. It serves military forces, including the army, air force, navy, marines, coast guard, and space force; agencies of the Department of Defense, National Aeronautics and Space Administration, U.S. Department of State, Department of Justice, and Department of Homeland Security; and members of the Intelligence Community, as well as civilian markets, such as federal, state, and local governments. The company was formerly known as SAIC Gemini, Inc. and changed its name to Science Applications International Corporation in September 2013. Science Applications International Corporation was founded in 1969 and is headquartered in Reston, Virginia.

CEO

Mr. Prabu Natarajan

IPO

9/16/2013

Website

https://www.saic.com

Employees

24,000

Sector

Technology

Industry

Information Technology Services