Science Applications International Corporation (SAIC) reported a revenue increase of 1.5% for the three months ended May 1, 2026, reaching $1.906 billion compared to $1.877 billion in the same period last year. The company's net income rose significantly by 69% to $115 million, up from $68 million, resulting in earnings per share of $2.63, compared to $1.43 in the prior year. The increase in revenue was attributed to contributions from the acquisition of SilverEdge Government Solutions, which added $19 million, and a ramp-up in existing contracts, although this was partially offset by contract completions.
In terms of operational efficiency, SAIC's operating income surged by 48% to $179 million, with the operating margin improving to 9.4% from 6.4% year-over-year. The company also reported a notable gain of $12 million from the sale of an investment, which contributed to the overall profitability. Selling, general, and administrative expenses decreased by 7% to $83 million, reflecting the company's efforts to optimize costs.
SAIC underwent a significant organizational restructuring effective January 31, 2026, consolidating its five previous business groups into three. This reorganization aims to streamline operations and enhance customer focus, although it did not affect the company's reportable segments. The two reportable segments now include Defense and Intelligence, which generated $1.466 billion in revenue, and Civilian, which accounted for $440 million. The Defense segment saw a 2% revenue increase, while the Civilian segment experienced a slight decline of 1%.
The company reported a total backlog of approximately $22.86 billion as of May 1, 2026, an increase from $22.62 billion at the end of January 2026. This backlog includes $3.736 billion in funded contracts and $19.124 billion in negotiated unfunded contracts. SAIC's net bookings for the quarter were estimated at $2.1 billion, indicating a strong pipeline for future revenue. The company employed approximately 23,000 individuals, maintaining a stable workforce to support its operations.
Looking ahead, SAIC remains optimistic about its growth prospects, driven by ongoing government spending and strategic initiatives in digital modernization and cybersecurity. However, the company acknowledges potential risks related to government budget constraints and competitive pressures in the contracting landscape. The management is focused on leveraging its established relationships and technical expertise to navigate these challenges and capitalize on emerging opportunities in the market.
About Science Applications International Corp
SAIC is a leading provider of technology, engineering, and enterprise IT services primarily to the U.S. government. Its core offerings include IT modernization, digital engineering, AI deployment, and mission systems support across defense, intelligence, and civilian markets. The company leverages long-term government relationships, full lifecycle solutions, and a skilled workforce to deliver complex, secure, and innovative solutions for national security and public service missions.
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