SAIC Reports Preliminary Revenue of $1.745B
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2026
0mins
Should l Buy SAIC?
Reports revenue $1.745B, consensus $1.77B. Sees adjusted EBITDA $180M; FCF $330M-$335M. The Company's announcement of unaudited preliminary financial results and updated guidance was primarily due to recent procurement delays and unfavorable customer award decisions. These items will result in a reduction to expected fiscal year 2026 and 2027 revenue compared to prior guidance. Revenue results are modestly below prior expectations due to the 2025 government shutdown, adverse weather, and procurement delays. Adjusted EBITDA, adjusted EBITDA %, adjusted diluted EPS, and free cash flow are above prior expectations due to strong execution, improved operational efficiency, and a lower tax rate. "While recent dynamics pressure our near-term revenue outlook, we continue to invest to ensure that our solutions directly support what is most impactful to national security and to broader government transformation. We are also improving every stage of our business development and delivery processes by investing in our people, processes, and tools. This includes a bottoms-up enterprise transformation program to increase our investment capacity. I'm confident these efforts will generate more sustained, profitable growth in the coming years," said Jim Reagan, SAIC's Interim CEO.
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Analyst Views on SAIC
Wall Street analysts forecast SAIC stock price to rise
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 85.180
Low
113.00
Averages
122.00
High
128.00
Current: 85.180
Low
113.00
Averages
122.00
High
128.00
About SAIC
Science Applications International Corporation is a technology integrator providing full life cycle services and solutions in the technical, engineering and enterprise information technology (IT) markets. The Company's portfolio of offerings across the defense, space, civilian and intelligence markets include secure solutions in mission IT, enterprise IT, engineering services and professional services. It integrates emerging technology securely into mission critical operations that modernize and enable critical national imperatives, including IT modernization, digital engineering, artificial intelligence and ground vehicle support. Its segments include Defense and Intelligence, and Civilian. Defense and Intelligence segment provides a diverse portfolio of national security solutions to the Department of Defense and Intelligence Community of the United States Government. Civilian segment provides solutions to the civilian markets, encompassing federal, state, and local governments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Financial Outlook Upgrade: The company has raised its FY '27 margin guidance to 9.9%, reflecting significant progress in the integration of SilverEdge, which is expected to enhance profitability and competitive positioning in the market.
- Positive Market Reaction: Following the latest earnings report, SAIC shares surged as revenue met estimates, indicating increased investor confidence in the company's financial performance, which may attract further investment interest.
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- Q4 Performance Miss: The company's fourth-quarter revenue fell short by about 2% primarily due to January's compression effects and customer shutdowns caused by weather, with estimated losses of $5 million to $10 million from residual impacts of earlier shutdowns, reflecting vulnerabilities in adapting to external environmental changes.
- Future Growth Signals: SAIC anticipates on-contract growth of only 1% to 3% for FY2027, near five-year lows, despite having a backlog of new projects like TENCAP and ATSO; however, the slow ramp-up of these projects may hinder future revenue recovery.
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- Guidance Downgrade: The company has revised its FY26 revenue forecast to about $7.26 billion, down from the previous guidance of $7.275 billion to $7.325 billion, while FY27 is now expected to see an organic revenue decline, indicating challenges in the market environment.
- Margin Improvement: Despite the revenue decline, SAIC expects margins to exceed earlier guidance due to improved efficiency and mix; however, adjusted EBITDA is projected to be lower as reduced revenue offsets margin gains, highlighting a conflict between revenue and profitability.
- Management Outlook: CFO Prabu Natarajan stated that the company will focus more selectively on customer opportunities with potential for technology transformation, expressing confidence in returning to growth with solid double-digit margins over time.
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- FY27 Outlook: The company updated its FY27 guidance, now expecting revenue to decline by 4%-2%, compared to previous growth expectations of 0%-3%, highlighting ongoing market challenges, although adjusted EBITDA is expected to rise to $705-$715 million, indicating efforts in cost control.
- Strategic Transformation Plan: SAIC aims to enhance investment capacity through a bottoms-up enterprise transformation program, focusing on customer opportunities with technology transformation potential, aiming for long-term sustainable profit growth despite short-term revenue pressures.
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- Financial Outlook Upgrade: The company has raised its FY '27 margin guidance to 9.9%, reflecting significant progress in the integration of SilverEdge, which is expected to enhance profitability and competitive positioning in the market.
- Positive Market Reaction: Following the latest earnings report, SAIC shares surged as revenue met estimates, indicating increased investor confidence in the company's financial performance, which may attract further investment interest.
- Industry Conference Participation: SAIC presented at the 47th Annual TD Cowen Aerospace and Defense Conference, enhancing its visibility and influence in the industry, potentially creating more opportunities for future business development.
See More
SAIC Lowers FY2027 Revenue Guidance After Recompete Losses
- Revenue Guidance Cut: SAIC has lowered its fiscal 2027 revenue guidance by approximately 5% due to losses from two major recompete projects, Army Corps and Cloud One, indicating a projected negative 1% growth, which highlights challenges in uneven government funding flows and slower program ramps.
- Q4 Performance Miss: The company's fourth-quarter revenue fell short by about 2% primarily due to January's compression effects and customer shutdowns caused by weather, with estimated losses of $5 million to $10 million from residual impacts of earlier shutdowns, reflecting vulnerabilities in adapting to external environmental changes.
- Future Growth Signals: SAIC anticipates on-contract growth of only 1% to 3% for FY2027, near five-year lows, despite having a backlog of new projects like TENCAP and ATSO; however, the slow ramp-up of these projects may hinder future revenue recovery.
- Strategic Adjustment Direction: In response to commoditization trends in the enterprise IT market, SAIC plans to be more selective in pursuing large DoD enterprise IT opportunities, while emphasizing its high win rates (85%-90%) in non-enterprise IT sectors and continuing to focus on small-scale M&A opportunities to enhance market competitiveness.
See More
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- Earnings Warning: SAIC anticipates fourth-quarter revenue of approximately $1.745 billion and adjusted EPS between $2.30 and $2.50, reflecting procurement delays and unfavorable customer award outcomes, leading to a 12.10% drop in stock price to $86.08.
- Guidance Downgrade: The company has revised its FY26 revenue forecast to about $7.26 billion, down from the previous guidance of $7.275 billion to $7.325 billion, while FY27 is now expected to see an organic revenue decline, indicating challenges in the market environment.
- Margin Improvement: Despite the revenue decline, SAIC expects margins to exceed earlier guidance due to improved efficiency and mix; however, adjusted EBITDA is projected to be lower as reduced revenue offsets margin gains, highlighting a conflict between revenue and profitability.
- Management Outlook: CFO Prabu Natarajan stated that the company will focus more selectively on customer opportunities with potential for technology transformation, expressing confidence in returning to growth with solid double-digit margins over time.
See More
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- Financial Performance Warning: SAIC announced preliminary financial results for Q4 and FY26, with expected revenue around $7.26 billion, below prior guidance of $7.275-$7.325 billion due to procurement delays and unfavorable customer award decisions, indicating significant market pressures.
- Profitability Adjustments: Despite the revenue downgrade, SAIC's adjusted EBITDA is projected at $705 million, up from previous expectations of $695 million, reflecting positive operational efficiency and lower tax rates, potentially laying the groundwork for future profit growth.
- FY27 Outlook: The company updated its FY27 guidance, now expecting revenue to decline by 4%-2%, compared to previous growth expectations of 0%-3%, highlighting ongoing market challenges, although adjusted EBITDA is expected to rise to $705-$715 million, indicating efforts in cost control.
- Strategic Transformation Plan: SAIC aims to enhance investment capacity through a bottoms-up enterprise transformation program, focusing on customer opportunities with technology transformation potential, aiming for long-term sustainable profit growth despite short-term revenue pressures.
See More
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- Guess, Inc. Dividend Yield: The company boasts a dividend yield of 5.4%, significantly higher than the industry average of 0.0%, making it an attractive option for income-seeking investors and enhancing its market appeal.
- JinkoSolar Earnings Estimate Surge: JinkoSolar has experienced a 39.3% increase in its current year earnings estimate over the past 60 days, reflecting robust performance and demand in the solar energy sector, which is expected to propel future growth.
- JinkoSolar Dividend Yield: The company currently offers a dividend yield of 4.4%, also above the industry average of 0.0%, further solidifying its attractiveness as an income investment choice.
See More
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- Market Outlook: The military unmanned systems market is projected to reach $76.05 billion by 2035, with a 10.5% annual growth rate, providing significant market opportunities for defense contractors.
- Technology Integration: VisionWave Holdings signed a letter of intent with Evie Autonomous to explore a £500,000 Proof-of-Concept program aimed at integrating autonomous vehicle technology into its Unmanned Ground Vehicle platforms, anticipated to commence in 2026.
- Acquisition Strategy: VisionWave completed the acquisition of Solar Drone Ltd., involving 1.8 million shares of common stock, which will enhance its competitiveness in both defense and solar operations markets, supporting its multi-domain autonomy strategy.
See More
