Financial Data and Key Metrics Changes - CACI reported revenue of nearly $2.3 billion, representing an 11.2% year-over-year growth, with 5.5% being organic growth [23] - EBITDA margin increased to 11.7%, a year-over-year increase of 120 basis points, driven by strong program execution and higher margin software deliveries [23] - Free cash flow for the quarter was $143 million, supported by strong profitability and effective working capital management [24] Business Line Data and Key Metrics Changes - The company won $5 billion in contract awards during the quarter, resulting in a book-to-bill ratio of 2.2x for the quarter and 1.3x on a trailing twelve-month basis [7] - Over half of the contract awards were for new business, indicating strong demand and successful business development efforts [7] - The revenue from intelligence community customers is now disclosed separately, aligning with the company's national security focus [23] Market Data and Key Metrics Changes - CACI's record backlog reached $34 billion, a 4% increase from the previous year, representing nearly four years of annual revenue [26] - Funded backlog grew nearly 26% year-over-year, reflecting customers preparing essential programs amid the government shutdown [26] Company Strategy and Development Direction - CACI is focused on critical national security priorities, with a strategic portfolio that is 90% aligned with national security [36] - The company is investing in software-defined technology and agile software development processes to enhance efficiency and effectiveness in delivering solutions [20][30] - CACI aims to leverage its differentiated capabilities in counter UAS, counter space, network modernization, and digital application modernization to drive growth [10][18] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance despite the federal government shutdown, citing the resilience of their business model [9][10] - The company anticipates continued demand for its services, particularly in areas like modernization and border security, as well as intelligence programs [9] - Management reaffirmed fiscal year 2026 guidance, expecting revenue between $9.2 billion and $9.4 billion, with an EBITDA margin in the mid-eleven percent range [25] Other Important Information - CACI's hiring environment remains strong, with a high volume of applicants and ongoing recruitment efforts despite the government shutdown [75] - The company is expanding its use of AI tools to enhance the speed and efficiency of its software development processes [20] Q&A Session Summary Question: Expectations for FY 2027 budget - Management highlighted that bipartisan support for national security priorities suggests continued funding growth, despite potential budget cuts [36] Question: Changes in contract awarding processes - Management noted a shift towards more agile purchasing methods, with increased use of Other Transaction Authorities (OTAs) [41][42] Question: Impact of government shutdown on business - Management acknowledged slight disruptions in cash collections and revenue but emphasized that these are manageable and expected to recover [105][106] Question: Price competition in the market - Management stated that they have not seen significant price competition affecting their bids, as they have positioned themselves away from price-based competition [108] Question: Update on acquisition integration - Management confirmed that the integration of recent acquisitions is largely complete and meeting expectations [113]

Financial Data and Key Metrics Changes - CACI reported revenue of nearly $2.3 billion, representing an 11.2% year-over-year growth, with 5.5% being organic growth [14] - EBITDA margin increased to 11.7%, a year-over-year increase of 120 basis points, driven by strong program execution and higher-margin software-defined technology deliveries [14] - Free cash flow for the quarter was $143 million, supported by strong profitability and effective working capital management [14][15] - Adjusted diluted earnings per share were $6.85, reflecting a 16% increase compared to the previous year [14] Business Line Data and Key Metrics Changes - CACI won $5 billion in contract awards during the quarter, resulting in a book-to-bill ratio of 2.2 times for the quarter and 1.3 times on a trailing 12-month basis [4][16] - The funded backlog grew nearly 26% year-over-year, indicating strong demand and preparation for essential programs amid the government shutdown [17] - The company expects over 92% of its revenue for fiscal year 2026 to come from existing programs, with less than 4% from recompetes and 4% from new business [17] Market Data and Key Metrics Changes - The federal government is currently operating under a shutdown, but CACI's business remains resilient due to its focus on national security, with most work funded and deemed essential [5][6] - The company is seeing good demand signals from customers and prospects for a healthy funding environment for national security priorities [5] - CACI's record backlog of $34 billion represents nearly four years of annual revenue, reflecting strong market positioning [17] Company Strategy and Development Direction - CACI is focused on critical national security priorities, with a strategic portfolio that is 90% aligned with national security [24] - The company is investing in software-defined technology and agile software development processes to enhance efficiency and effectiveness in delivering solutions [12][20] - CACI aims to leverage its differentiated capabilities in counter-UAS, counter-space, network modernization, and digital application modernization to drive long-term growth [10][11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance and three-year financial targets despite the government shutdown [4][20] - The company anticipates continued growth in areas such as electromagnetic spectrum, software-defined technology, and border security, supported by bipartisan funding [24] - Management noted that the current environment allows for flexibility and opportunistic capital deployment to drive long-term growth and shareholder value [15][16] Other Important Information - CACI's ability to reaffirm guidance amidst a government shutdown demonstrates the resilience of its business model and strategic investments made over the years [6][20] - The company is expanding its use of AI tools to enhance the speed and efficiency of its agile software development processes [12] Q&A Session Summary Question: Expectations for FY2027 request - Management highlighted a focus on critical national security priorities with bipartisan support, indicating room for growth despite potential budget cuts [24] Question: Agile contracting approach for counter-UAS - Management noted a shift in U.S. government purchasing methods, with increased use of OTAs and commercial-like purchasing processes [26][29] Question: Impact of government shutdown on business - Management indicated minimal disruption from the shutdown, with some cash collection delays but overall confidence in meeting guidance [44][66] Question: International opportunities in NATO budgets - Management acknowledged the potential for growth in international markets, particularly in response to NATO budget increases [84]

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Financial Performance & Guidance - CACI reported $143 million in free cash flow for Q1[9] - The company's EBITDA margin was 11.7%[9, 21] - CACI reaffirms FY26 revenue guidance of $9200 million to $9400 million[25] - Adjusted diluted EPS for FY26 is projected to be between $27.13 and $28.03[25] - The company anticipates at least $710 million in free cash flow for FY26[25] Revenue & Growth - CACI experienced 11% year-over-year revenue growth, with 5.5% being organic[9, 21] - The company's Q1 contract awards totaled $5 billion, resulting in a book-to-bill ratio of 2.2x[9, 28] - CACI has a backlog of $34 billion, representing approximately 3.7 years of annualized revenue[28] Strategic Positioning - CACI is focused on dominating the electromagnetic spectrum and driving government modernization[13, 16] - The company has a strong balance sheet with 2.6x leverage[24] - CACI has a pipeline of submitted bids worth $6 billion, with approximately 80% for new business[28]

Core Insights - CACI International reported revenue of $2.29 billion for the quarter ended September 2025, reflecting an 11.2% increase year-over-year, with EPS at $6.85 compared to $5.93 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $2.25 billion, resulting in a surprise of +1.66%, while the EPS also surpassed expectations by +10.48% [1] Financial Performance Metrics - Total revenue organic growth was 5.5%, outperforming the estimated 3.5% by analysts [4] - Revenue from Expertise was $986.89 million, slightly below the average estimate of $996.55 million, indicating a -0.1% year-over-year change [4] - Revenue from Technology reached $1.3 billion, exceeding the average estimate of $1.25 billion, marking a significant year-over-year increase of +21.7% [4] - Revenue from the Commercial and other customer group was $99.84 million, surpassing the estimated $89.29 million, with a year-over-year growth of +20.3% [4] - Revenue from Federal Civilian Agencies was $411.73 million, below the estimated $453.65 million, reflecting a -6.3% change year-over-year [4] - Revenue from the Department of Defense was $1.18 billion, significantly lower than the estimated $1.7 billion, representing a -23.1% year-over-year decline [4] Stock Performance - CACI International's shares have returned +8.3% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Financial Performance - CACI International reported quarterly earnings of $6.85 per share, exceeding the Zacks Consensus Estimate of $6.2 per share, and up from $5.93 per share a year ago, representing an earnings surprise of +10.48% [1] - The company posted revenues of $2.29 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.66%, compared to revenues of $2.06 billion in the same quarter last year [2] Stock Performance - CACI International shares have increased approximately 32.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 14.5% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations for it to outperform the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $6.28, with expected revenues of $2.24 billion, and for the current fiscal year, the consensus EPS estimate is $27.15 on revenues of $9.32 billion [7] - The Computer - Services industry, to which CACI belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a favorable outlook for the sector [8]

[Executive Summary](index=1&type=section&id=Executive%20Summary) [First Quarter Financial Highlights](index=1&type=section&id=First%20Quarter%20Financial%20Highlights) CACI reported a strong fiscal Q1 2026 with double-digit revenue growth and increased profitability, driven by organic growth and effective working capital management, showing significant year-over-year improvements in key metrics. | Metric | Value | YoY Change | | :-------------------------------- | :---------- | :--------- | | Revenues | $2.3 billion | 11.2% | | Net income | $124.8 million | - | | Diluted EPS | $5.63 | 5.6% | | Adjusted net income | $151.7 million | 13.5% | | Adjusted diluted EPS | $6.85 | 15.5% | | EBITDA | $268.6 million | - | | EBITDA margin | 11.7% | - | | Contract awards | $5.0 billion | - | | Book-to-bill | 2.2x | - | [CEO Statement](index=1&type=section&id=CEO%20Statement) CEO John Mengucci highlighted CACI's exceptional start to FY2026, emphasizing robust financial results, significant contract awards, and growth in backlog, reinforcing confidence in achieving future commitments and shareholder value. - CACI delivered strong financial results, including **robust free cash flow** driven by **double-digit revenue growth** and **strong profitability**[2](index=2&type=chunk) - Contract awards of **$5 billion** and growth in total and funded backlog demonstrate focus on **critical national security priorities**[2](index=2&type=chunk) - Performance, continued investments, healthy pipeline, and strong customer demand signals provide confidence in delivering **FY2026 commitments** and achieving **three-year financial targets**[2](index=2&type=chunk) [First Quarter Results Overview](index=1&type=section&id=First%20Quarter%20Results%20Overview) [Financial Performance](index=1&type=section&id=Financial%20Performance) CACI's Q1 FY2026 saw significant revenue growth of 11.2% driven by 5.5% organic growth, leading to an 18.0% increase in income from operations, with diluted and adjusted diluted EPS also rising due to higher operating income and share repurchases, despite increased interest and tax expenses. | Metric | 9/30/2025 (in millions) | 9/30/2024 (in millions) | % Change | | :------------------------------------- | :---------------------- | :---------------------- | :------- | | Revenues | $2,287.6 | $2,056.9 | 11.2% | | Income from operations | $212.3 | $179.8 | 18.0% | | Net income | $124.8 | $120.2 | 3.9% | | Adjusted net income (non-GAAP) | $151.7 | $133.6 | 13.5% | | Diluted earnings per share | $5.63 | $5.33 | 5.6% | | Adjusted diluted earnings per share (non-GAAP) | $6.85 | $5.93 | 15.5% | | EBITDA (non-GAAP) | $268.6 | $215.9 | 24.4% | | Net cash provided by operating activities excluding MARPA (non-GAAP) | $160.0 | $60.9 | 162.8% | | Free cash flow (non-GAAP) | $143.0 | $49.4 | 189.4% | | Days sales outstanding (DSO) | 56 | 47 | - | - Revenue increase driven by **5.5% organic growth**[5](index=5&type=chunk) - Growth in diluted and adjusted diluted EPS driven by **higher income from operations** and **share repurchases**, partially offset by higher interest expense and tax provision[5](index=5&type=chunk) - Increase in cash from operations (excluding MARPA) driven by **higher net income** and **strong working capital management**[5](index=5&type=chunk) [Contract Awards and Backlog](index=2&type=section&id=Contract%20Awards%20and%20Backlog) CACI secured $5.0 billion in contract awards during Q1 FY2026, with 60% new business and a 2.2x book-to-bill ratio, driving total backlog up 4.6% to $33.9 billion and funded backlog up 25.6% to $5.4 billion. - Contract awards in the first quarter totaled **$5.0 billion**, with approximately **60% for new business** to CACI[6](index=6&type=chunk) - Total backlog as of September 30, 2025, was **$33.9 billion**, an increase of **4.6%** from $32.4 billion a year ago[7](index=7&type=chunk) - Funded backlog as of September 30, 2025, was **$5.4 billion**, an increase of **25.6%** from $4.3 billion a year ago[7](index=7&type=chunk) [Operational Highlights](index=2&type=section&id=Operational%20Highlights) CACI secured multiple significant task orders totaling over $2.3 billion from DoD, IC, and CBP for advanced communications, software-defined technology, and IT modernization, while also showcasing C-UAS and Beast+ technologies in government demonstrations. - CACI was awarded a five-year task order valued at up to **$548 million** for test and evaluation of emerging communications and electromagnetic spectrum technologies for a Department of Defense (DoD) customer[9](index=9&type=chunk) - CACI was awarded a 10-year IDIQ contract valued at up to **$423 million** to continue providing capability development and software-defined technology to an Intelligence Community (IC) customer[9](index=9&type=chunk) - CACI successfully displayed its industry-leading, commercially-developed **long-range C-UAS technology** that detects and defeats unmanned systems[9](index=9&type=chunk) - CACI showcased its **Beast+ technology**, a software-defined wearable EW and SIGINT sensor, during two recent U.S. Army demonstrations, delivering an **AI-enabled common operating system**[9](index=9&type=chunk) [Fiscal Year 2026 Guidance](index=3&type=section&id=Fiscal%20Year%202026%20Guidance) CACI reaffirmed its FY2026 guidance, projecting revenues of $9.2-$9.4 billion, adjusted net income of $605-$625 million, adjusted diluted EPS of $27.13-$28.03, and free cash flow of at least $710 million, including tax benefits. | Metric | Current Guidance (FY26) | Prior Guidance (FY26) | | :------------------------------------- | :---------------------- | :---------------------- | | Revenues | $9,200 - $9,400 million | $9,200 - $9,400 million | | Adjusted net income (non-GAAP) | $605 - $625 million | $605 - $625 million | | Adjusted diluted earnings per share (non-GAAP) | $27.13 - $28.03 | $27.13 - $28.03 | | Diluted weighted average shares | 22.3 million | 22.3 million | | Free cash flow (non-GAAP) | at least $710 million | at least $710 million | - Fiscal year 2026 free cash flow guidance assumes approximately **$50 million in tax benefit** related to the modification of Section 174 and an approximately **$40 million cash tax refund**[12](index=12&type=chunk) [Company Information](index=3&type=section&id=Company%20Information) [Conference Call Information](index=3&type=section&id=Conference%20Call%20Information) CACI scheduled a conference call for 8:00 AM ET on Thursday, October 23, 2025, to discuss Q1 results and operating trends, with a webcast and replay available on its investor relations website. - Conference call scheduled for **8:00 AM ET on Thursday, October 23, 2025**, to discuss first quarter results and operating trends[13](index=13&type=chunk) - Webcast and replay available on CACI's investor relations website at **http://investor.caci.com/events/default.aspx**[13](index=13&type=chunk) [About CACI](index=4&type=section&id=About%20CACI) CACI International Inc, a national security company with 25,000 employees, delivers differentiated technology and expertise to accelerate innovation and eliminate threats, recognized as a Fortune World's Most Admired Company and included in key market indices. - CACI International Inc is a national security company with **25,000 talented employees**[15](index=15&type=chunk) - Ensures customer success by delivering **differentiated technology** and **distinctive expertise** to accelerate innovation, drive speed and efficiency, and rapidly anticipate and eliminate threats[15](index=15&type=chunk) - Recognized as a **Fortune World's Most Admired Company** and members of the **Fortune 500™**, **Russell 1000 Index**, and **S&P MidCap 400 Index**[15](index=15&type=chunk) [Forward-Looking Statements & Risk Factors](index=4&type=section&id=Forward-Looking%20Statements) The report contains forward-looking statements subject to various risk factors, including reliance on U.S. government contracts, funding delays, legislative changes, economic uncertainty, government audits, competitive pressures, and the ability to meet contractual obligations, which could cause actual results to differ materially. - Statements made herein that do not address historical facts could be interpreted as **forward-looking statements**, subject to risk factors[16](index=16&type=chunk) - Risk factors include **reliance on U.S. government contracts**, **delays or reductions in appropriations**, **legislative changes**, and **legal, regulatory, and political changes**[16](index=16&type=chunk) - Other risks include **government audits**, **competitive factors**, **failure to achieve contract awards**, **economic conditions**, **ability to meet contractual obligations**, and **effects of health epidemics**[16](index=16&type=chunk) [Corporate Contacts](index=4&type=section&id=Corporate%20Contacts) Provides contact information for CACI's Corporate Communications and Media, and Investor Relations departments. - Corporate Communications and Media contact: **Lauren Presti**, Executive Director, **(703) 434-5037**, **lauren.presti@caci.com**[17](index=17&type=chunk) - Investor Relations contact: **George Price**, Senior Vice President, **(703) 841-7818**, **george.price@caci.com**[17](index=17&type=chunk) [Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Consolidated%20Financial%20Statements%20(Unaudited)) [Consolidated Statements of Operations](index=5&type=section&id=Consolidated%20Statements%20of%20Operations) CACI's consolidated statements of operations show Q1 FY2026 revenue increased by 11.2% to $2.288 billion, with income from operations growing 18.0% and net income rising 3.9% to $124.8 million, despite increased interest and depreciation/amortization expenses. | Metric (in thousands) | 9/30/2025 | 9/30/2024 | % Change | | :-------------------------------- | :-------- | :-------- | :------- | | Revenues | $2,287,623 | $2,056,889 | 11.2% | | Total costs of revenues | $2,075,348 | $1,877,048 | 10.6% | | Income from operations | $212,275 | $179,841 | 18.0% | | Interest expense and other, net | $46,173 | $23,970 | 92.6% | | Income before income taxes | $166,102 | $155,871 | 6.6% | | Income taxes | $41,292 | $35,694 | 15.7% | | Net income | $124,810 | $120,177 | 3.9% | | Diluted earnings per share | $5.63 | $5.33 | 5.6% | [Consolidated Balance Sheets](index=6&type=section&id=Consolidated%20Balance%20Sheets) As of September 30, 2025, CACI's total assets slightly increased to $8.705 billion, driven by higher current assets like cash and accounts receivable, while long-term debt decreased and total shareholders' equity grew to $4.025 billion. | Metric (in thousands) | 9/30/2025 | 6/30/2025 | | :-------------------------------- | :-------- | :-------- | | Total assets | $8,704,955 | $8,647,598 | | Total current assets | $1,854,839 | $1,779,945 | | Goodwill | $5,018,687 | $5,021,805 | | Total liabilities | $4,679,456 | $4,753,653 | | Total shareholders' equity | $4,025,499 | $3,893,945 | | Long-term debt, net of current portion | $2,708,701 | $2,849,190 | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For Q1 FY2026, net cash provided by operating activities significantly increased to $171.065 million from $34.661 million, largely offset by financing activities, resulting in a net change in cash and cash equivalents of $26.839 million. | Metric (in thousands) | 9/30/2025 | 9/30/2024 | | :-------------------------------- | :-------- | :-------- | | Net cash provided by operating activities | $171,065 | $34,661 | | Net cash used in investing activities | $(1,214) | $(11,727) | | Net cash (used in) provided by financing activities | $(142,238) | $279,356 | | Net change in cash and cash equivalents | $26,839 | $306,745 | | Cash and cash equivalents, end of period | $133,020 | $440,706 | [Detailed Revenue and Contract Analysis (Unaudited)](index=8&type=section&id=Detailed%20Revenue%20and%20Contract%20Analysis%20(Unaudited)) [Revenues by Customer Type](index=8&type=section&id=Revenues%20by%20Customer%20Type) In Q1 FY2026, the Department of Defense remained CACI's largest customer, contributing 51.5% of revenues with an 8.5% increase, while the Intelligence Community, Federal civilian agencies, and commercial sectors also showed strong growth. | Customer Type | 9/30/2025 (in thousands) | % of Total (2025) | 9/30/2024 (in thousands) | % of Total (2024) | $ Change | % Change | | :-------------------- | :----------------------- | :---------------- | :----------------------- | :---------------- | :------- | :------- | | Department of Defense | $1,179,626 | 51.5% | $1,087,288 | 52.9% | $92,338 | 8.5% | | Intelligence Community | $596,429 | 26.1% | $534,343 | 26.0% | $62,086 | 11.6% | | Federal civilian agencies | $411,730 | 18.0% | $352,219 | 17.1% | $59,511 | 16.9% | | Commercial and other | $99,838 | 4.4% | $83,039 | 4.0% | $16,799 | 20.2% | | Total | $2,287,623 | 100.0% | $2,056,889 | 100.0% | $230,734 | 11.2% | [Revenues by Contract Type](index=8&type=section&id=Revenues%20by%20Contract%20Type) Cost-plus-fee contracts remained the dominant revenue source at 60.5% with 8.0% growth, while fixed-price contracts saw the highest growth at 28.7% to 26.7% of total revenues, and time-and-materials contracts slightly decreased. | Contract Type | 9/30/2025 (in thousands) | % of Total (2025) | 9/30/2024 (in thousands) | % of Total (2024) | $ Change | % Change | | :-------------------- | :----------------------- | :---------------- | :----------------------- | :---------------- | :------- | :------- | | Cost-plus-fee | $1,382,630 | 60.5% | $1,280,010 | 62.2% | $102,620 | 8.0% | | Fixed-price | $611,493 | 26.7% | $475,256 | 23.1% | $136,237 | 28.7% | | Time-and-materials | $293,500 | 12.8% | $301,623 | 14.7% | $(8,123) | (2.7)% | | Total | $2,287,623 | 100.0% | $2,056,889 | 100.0% | $230,734 | 11.2% | [Revenues by Prime or Subcontractor](index=8&type=section&id=Revenues%20by%20Prime%20or%20Subcontractor) CACI primarily operates as a prime contractor, generating 90.8% of Q1 FY2026 revenues with a 10.4% increase, while subcontractor revenues also grew significantly by 19.4% to contribute 9.2%. | Role | 9/30/2025 (in thousands) | % of Total (2025) | 9/30/2024 (in thousands) | % of Total (2024) | $ Change | % Change | | :-------------------- | :----------------------- | :---------------- | :----------------------- | :---------------- | :------- | :------- | | Prime contractor | $2,076,899 | 90.8% | $1,880,419 | 91.4% | $196,480 | 10.4% | | Subcontractor | $210,724 | 9.2% | $176,470 | 8.6% | $34,254 | 19.4% | | Total | $2,287,623 | 100.0% | $2,056,889 | 100.0% | $230,734 | 11.2% | [Revenues by Expertise or Technology](index=8&type=section&id=Revenues%20by%20Expertise%20or%20Technology) In Q1 FY2026, CACI's technology-driven revenues significantly outpaced expertise-based revenues, growing 21.7% to 56.9% of total revenues, while expertise revenues remained stable with a slight 0.1% decrease. | Category | 9/30/2025 (in thousands) | % of Total (2025) | 9/30/2024 (in thousands) | % of Total (2024) | $ Change | % Change | | :-------------------- | :----------------------- | :---------------- | :----------------------- | :---------------- | :------- | :------- | | Expertise | $986,891 | 43.1% | $988,265 | 48.0% | $(1,374) | (0.1)% | | Technology | $1,300,732 | 56.9% | $1,068,624 | 52.0% | $232,108 | 21.7% | | Total | $2,287,623 | 100.0% | $2,056,889 | 100.0% | $230,734 | 11.2% | [Contract Awards (Detailed)](index=8&type=section&id=Contract%20Awards%20Detailed) CACI's contract awards for the three months ended September 30, 2025, surged by 49.7% year-over-year to nearly $5.0 billion, indicating strong business momentum and successful bidding. | Metric (in thousands) | 9/30/2025 | 9/30/2024 | $ Change | % Change | | :-------------------- | :-------- | :-------- | :------- | :------- | | Contract Awards | $4,998,684 | $3,339,635 | $1,659,049 | 49.7% | [Non-GAAP Financial Measures Reconciliations (Unaudited)](index=9&type=section&id=Non-GAAP%20Financial%20Measures%20Reconciliations%20(Unaudited)) [Adjusted Net Income and Diluted EPS Reconciliation](index=9&type=section&id=Adjusted%20Net%20Income%20and%20Diluted%20EPS%20Reconciliation) CACI provides adjusted net income and adjusted diluted EPS as non-GAAP measures, excluding intangible amortization and its tax impact, to offer a clearer view of ongoing operating performance, with Q1 FY2026 adjusted net income up 13.5% and adjusted diluted EPS up 15.5%. | Metric (in thousands, except per share data) | 9/30/2025 | 9/30/2024 | % Change | | :------------------------------------------- | :-------- | :-------- | :------- | | Net income, as reported | $124,810 | $120,177 | 3.9% | | Intangible amortization expense | $36,033 | $18,007 | 100.1% | | Tax effect of intangible amortization | $(9,104) | $(4,550) | 100.1% | | Adjusted net income | $151,739 | $133,634 | 13.5% | | Diluted EPS, as reported | $5.63 | $5.33 | 5.6% | | Intangible amortization expense (per share) | $1.63 | $0.80 | 103.8% | | Tax effect of intangible amortization (per share) | $(0.41) | $(0.20) | 105.0% | | Adjusted diluted EPS | $6.85 | $5.93 | 15.5% | FY26 Current Guidance Range | Metric (in millions, except per share data) | Low End | High End | | :------------------------------------------- | :------ | :------- | | Net income, as reported | $499 | $519 | | Intangible amortization expense | $142 | $142 | | Tax effect of intangible amortization | $(36) | $(36) | | Adjusted net income | $605 | $625 | | Diluted EPS, as reported | $22.38 | $23.27 | | Intangible amortization expense (per share) | $6.37 | $6.37 | | Tax effect of intangible amortization (per share) | $(1.61) | $(1.61) | | Adjusted diluted EPS | $27.13 | $28.03 | - **Adjusted net income** and **adjusted diluted EPS** are non-GAAP measures excluding intangible amortization expense and related tax impact, used to assess **ongoing operating performance** and compare results to peers[35](index=35&type=chunk) [EBITDA Reconciliation](index=10&type=section&id=EBITDA%20Reconciliation) CACI uses EBITDA as a non-GAAP measure to evaluate ongoing operating performance by eliminating non-cash items, with Q1 FY2026 EBITDA increasing 24.4% to $268.6 million and an EBITDA margin of 11.7%. | Metric (in thousands) | 9/30/2025 | 9/30/2024 | % Change | | :-------------------------------- | :-------- | :-------- | :------- | | Net income | $124,810 | $120,177 | 3.9% | | Plus: Income taxes | $41,292 | $35,694 | 15.7% | | Plus: Interest income and expense, net | $46,173 | $23,970 | 92.6% | | Plus: Depreciation and amortization expense | $56,338 | $36,050 | 56.3% | | EBITDA | $268,613 | $215,891 | 24.4% | | Revenues, as reported | $2,287,623 | $2,056,889 | 11.2% | | EBITDA margin | 11.7% | 10.5% | - | - **EBITDA** is a non-GAAP measure used to evaluate and compare **ongoing operating performance** by eliminating non-cash items such as depreciation and amortization[38](index=38&type=chunk) [Free Cash Flow Reconciliation](index=11&type=section&id=Free%20Cash%20Flow%20Reconciliation) CACI defines free cash flow as net cash provided by operating activities excluding MARPA, less capital expenditures, using this non-GAAP liquidity measure to show a significant 189.4% increase to $143.0 million in Q1 FY2026. | Metric (in thousands) | 9/30/2025 | 9/30/2024 | | :------------------------------------------- | :-------- | :-------- | | Net cash provided by operating activities | $171,065 | $34,661 | | Cash used in (provided by) MARPA | $(11,091) | $26,210 | | Net cash provided by operating activities excluding MARPA | $159,974 | $60,871 | | Capital expenditures | $(17,014) | $(11,476) | | Free cash flow | $142,960 | $49,395 | FY26 Guidance | Metric (in millions) | Current Guidance | Prior Guidance | | :------------------------------------------- | :--------------- | :------------- | | Net cash provided by operating activities | $795 | $795 | | Cash used in (provided by) MARPA | — | — | | Net cash provided by operating activities excluding MARPA | $795 | $795 | | Capital expenditures | $(85) | $(85) | | Free cash flow | $710 | $710 | - **Free cash flow** is a non-GAAP liquidity measure used to assess the ability to generate cash from business operations and plan for future operating and capital actions[41](index=41&type=chunk)

RESTON, Va.--(BUSINESS WIRE)-- #LimitlessPotential--CACI International Inc (NYSE: CACI) announced results today for its fiscal first quarter ended September 30, 2025. "CACI's exceptional start to fiscal year 2026 underscores our differentiated position in the market. We delivered strong financial results across the board, including robust free cash flow driven by double-digit revenue growth and strong profitability,†said John Mengucci, CACI President and Chief Executive Officer. "Our $5 billion of contract ...

Core Insights - Defense stocks may present a buying opportunity as the government shutdown continues, with analysts suggesting potential upward revisions in outlooks once funding clarity is restored [1][3][4] Market Performance - Defense stocks have underperformed during the government shutdown, with the iShares U.S. Aerospace & Defense ETF (ITA) and Invesco Aerospace & Defense ETF (PPA) remaining flat while the S&P 500 rose nearly 2% [2] - Northrop Grumman (NOC) shares have decreased about 1% since the shutdown began but have increased approximately 28% in 2025, outperforming the S&P 500's nearly 15% rise [5][9] Analyst Recommendations - Analysts from Morgan Stanley recommend buying defense stocks with muted outlooks, anticipating upward revisions as government funding issues are resolved [3][7] - Companies such as Northrop Grumman, Lockheed Martin (LMT), and RTX Corp. (RTX) are expected to report earnings soon, with analysts predicting conservative outlooks due to the ongoing shutdown [7][8] Future Expectations - The White House Economic Advisor indicated that the government shutdown is likely to end soon, which could positively impact defense stocks [9]

RESTON, Va.--(BUSINESS WIRE)-- #LimitlessPotential--CACI International Inc (NYSE: CACI) will release its financial results for the first quarter of fiscal year 2026 after the market closes on Oct. 22. The company will host a conference call the next morning, on Oct. 23 at 8:00 a.m. Eastern time, during which CACI's executive leaders will discuss quarterly results followed by a question-and-answer session. You can listen to the call and view the accompanying exhibits on CACI's Investor Relations site. A repl ...