SAIC reports revenues of $1.77 billion with a 3% revenue contraction, net bookings of $2.6 billion, and a book-to-bill ratio of 1.5 for the second quarter of fiscal year 2026. The company’s net income is $127 million, with adjusted EBITDA of $185 million. Diluted earnings per share are $2.71, and adjusted diluted earnings per share are $3.63. Cash flows provided by operating activities are $122 million, with free cash flow of $150 million. SAIC lowers revenue and adjusted EBITDA guidance but increases free cash flow and adjusted diluted earnings per share guidance. Notable new awards include contracts with the U.S. Air Force, Department of Treasury, U.S. Navy, U.S. Department of State, and Orange County, California. Fiscal year 2026 guidance includes revenue of $7.25-$7.325 billion, adjusted EBITDA of $680-$690 million, adjusted diluted EPS of $9.40-$9.60, and free cash flow over $550 million. The company’s total backlog is approximately $23.2 billion, with funded backlog at $3.6 billion. SAIC’s Board of Directors declares a quarterly cash dividend of $0.37 per share. The company’s webcast and earnings conference call will be available on the Investor Relations section of the SAIC website. SAIC is a Fortune 500 mission integrator focused on technology and innovation, with annual revenues of approximately $7.5 billion.

Read more at GlobeNewswire: SAIC Announces Second Quarter of Fiscal Year 2026 Results