Overview
- Fiscal Q3 revenue fell 6% to $1.87 billion, missing the $1.89 billion consensus, while adjusted EPS of $2.58 beat the $2.15 estimate.
- SAIC now expects FY2026 revenue of $7.275 billion–$7.325 billion and adjusted EPS of $9.80–$10.00, with adjusted EBITDA raised to $695 million and free cash flow still targeted above $550 million.
- Net bookings were about $2.2 billion for a 1.2 book-to-bill ratio, and estimated backlog stood at $23.8 billion, including $3.8 billion funded.
- Operating income declined 20% to $128 million and adjusted EBITDA decreased 6% to $185 million, with management noting roughly a 1% revenue impact from the government shutdown.
- The board declared a $0.37 per-share dividend, quarter-end cash was $45 million, free cash flow was $135 million, and the stock climbed 5.7% premarket to $92.50.