Science Applications International Corporation (SAIC) reported a revenue of $7.26 billion for the fiscal year ending January 30, 2026, reflecting a decrease of 3% from the previous year’s revenue of $7.48 billion. The company’s net income for the same period was $358 million, a slight decline of 1% compared to $362 million in fiscal 2025. The decrease in revenue was primarily attributed to contract completions and a reduction in volume on existing contracts, which included an estimated impact of $26 million due to a government shutdown. Adjusting for the acquisition of SilverEdge Government Solutions, which contributed $27 million in revenue, the revenue contraction was approximately 3.3%.
In terms of operational changes, SAIC underwent a significant reorganization in February 2024, transitioning from two operating sectors to five customer-facing business groups, which were later consolidated into three groups in January 2026. This restructuring aims to simplify operations and enhance customer focus. The company also made strategic moves by acquiring SilverEdge in October 2025 for $203 million, which is expected to bolster its mission-focused solutions. Additionally, SAIC divested its logistics and supply chain management business in May 2023, allowing it to concentrate on long-term growth areas.
SAIC's workforce remained stable, with approximately 23,000 employees as of January 30, 2026. The company reported that 98% of its revenues were derived from contracts with the U.S. government, highlighting its reliance on federal contracts. The Defense and Intelligence segment generated $5.58 billion in revenue, while the Civilian segment contributed $1.68 billion. The company’s backlog as of January 30, 2026, was approximately $22.62 billion, indicating a healthy pipeline of future work, with $18.38 billion in funded backlog.
The company’s financial outlook remains cautious due to potential impacts from government budgetary pressures and competitive bidding processes. The recent budget reconciliation package passed in July 2025, which added significant funding for defense and border security, may provide opportunities for SAIC. However, ongoing evaluations of federal agency structures and priorities could lead to delays or reductions in contract awards. The company anticipates that its established relationships and technical expertise will help it navigate these challenges and capitalize on new opportunities in the evolving government contracting landscape.
Overall, while SAIC experienced a decline in revenue and net income, strategic acquisitions and a robust backlog position the company for potential growth in the coming fiscal periods, despite the uncertainties in government spending and contract awards.
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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