SAIC stock falls after missing earnings and providing soft guidance

From Yahoo Finance: 2025-06-02 10:23:00

Science Applications International Corporation (SAIC) stock is trading lower after reporting first-quarter 2026 earnings. Quarterly sales grew by 2% to $1.88 billion, beating analyst estimates. Adjusted EPS of $1.92 missed expectations. Operating income declined by 8% to $121 million, with a 70 basis point margin decrease. Adjusted EBITDA fell 5% to $157 million. Net bookings were $2.4 billion with a book-to-bill ratio of 1.3. Operating cash flow was $100 million, while free cash flow was an outflow of $44 million. Backlog was $22.3 billion, with $3.3 billion funded. CEO Toni Townes-Whitley noted progress despite challenges. SAIC reiterated 2026 revenue outlook of $7.60 billion-$7.75 billion, below analyst estimates, and maintained an adjusted EPS outlook of $9.10-$9.30, also below estimates. SAIC shares are trading lower by 10.7% at $103.21.



Read more at Yahoo Finance: SAIC Stock Falls After Q1 Earnings Miss, Soft Guidance