Description

SAIC’s 90%+ Recompete Wins — Can Growth Reaccelerate?

Science Applications International Corporation delivered second quarter fiscal year 2027 results highlighted by organic revenue growth, robust operational performance, and ongoing transformation initiatives aimed at sustaining future growth and margin expansion. The company reported $1.9 billion in revenue, reflecting approximately 5% organic growth driven by broad strength across its markets and effective conversion of backlog to revenue amid an improving government outlay environment. Adjusted EBITDA stood at $193 million with margins of 10.3%, marginally improved year-over-year excluding a prior favorable legal settlement. Adjusted diluted EPS was $3.01, down from the prior year largely due to settlement-related adjustments and a lower share count. Free cash flow of $131 million marked continued strong cash conversion, while net leverage improved to 3.0x. Notably, Science Applications International Corporation increased its full-year 2027 financial outlook, raising revenue guidance by 2% to a midpoint of $7.