Home / Business and Economy / SAIC Beats Revenue Expectations in Q2
SAIC Beats Revenue Expectations in Q2
31 Aug
Summary
- SAIC reported Q2 sales of $1.88 billion, surpassing revenue estimates.
- Company raised its full-year revenue guidance to $7.25 billion.
- Non-GAAP profit per share was 30.4% above analyst consensus.
Government IT services provider Science Applications International Corporation (SAIC) has announced its Q2 CY2026 financial results, reporting sales of $1.88 billion, a 6.3% increase year-on-year and surpassing revenue expectations. The company's non-GAAP profit per share also exceeded analysts' consensus estimates by a notable 30.4%.
SAIC has revised its full-year revenue guidance upward to $7.25 billion at the midpoint, an increase from previous projections. Management has also raised its full-year Adjusted Earnings Per Share guidance to $10.70 at the midpoint and anticipates EBITDA to reach $752.5 million at the midpoint, both exceeding analyst estimates.
Despite strong quarterly performance, SAIC's revenue over the past five years has been relatively flat, indicating potential challenges in finding incremental growth within its established market. The company's backlog stood at $22.14 billion at the end of the quarter.
