RESTON, Va., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) is scheduled to issue its second quarter fiscal year 2026 results before market open on Thursday, September 4, 2025. SAIC executive management will discuss operational and financial results in a conference call beginning at 10:00 a.m. Eastern time, following the issuance of the company’s earnings press release.  The conference call will be webcast simultaneously to the public through a link on the Investor ...

Core Insights - Radiance Technologies has appointed Mr. Tony Moraco to its Board of Directors, bringing significant experience from his tenure as CEO of Science Applications International Corporation (SAIC) [1][2] - Mr. Moraco's expertise includes national security, space systems, cybersecurity, and government contracting, which aligns with Radiance's focus on serving defense and intelligence markets [2][3] Company Overview - Radiance Technologies is an employee-owned prime contractor founded in 1999, with over 1,200 employee-owners serving the Department of Defense and other government agencies [7] - The company specializes in cybersecurity, systems engineering, prototyping and integration, and operational and strategic intelligence [7] Leadership Experience - Mr. Moraco led SAIC through a significant transformation, including the separation of a $10 billion entity into Leidos Corporation and a refocused SAIC, and grew SAIC's revenue from $4 billion to $6.5 billion through strategic acquisitions [3][4] - Under his leadership, SAIC's stock price more than doubled, indicating strong improvements in profitability and free cash flow [3] Post-Retirement Activities - After retiring from SAIC, Mr. Moraco has provided consulting services to AEA Investors and GLG, and he currently serves on the board of Curtiss-Wright Corporation [5][6] - He holds advanced degrees in Geodetic Sciences and Civil and Environmental Engineering from Virginia Tech and has been recognized as a distinguished alumnus [6]

Core Points - Science Applications International Corp. (SAIC) has secured a $202 million contract to provide training solutions for the U.S. Navy, enhancing operational readiness and combat capabilities [1][5] - The contract includes a 10-month base period, four one-year options, and one six-month extension option, ensuring a long-term partnership with the Navy [2] - SAIC will support 19 different headquarters and training commands, offering a range of training methods including academic instruction, live exercises, and synthetic training events [3][4] Company Overview - SAIC is a Fortune 500 mission integrator focused on technology and innovation across defense, space, civilian, and intelligence markets, with annual revenues of approximately $7.5 billion [6][7] - The company employs around 24,000 individuals and is headquartered in Reston, Virginia [7]

Core Insights - Science Applications International Corp. (SAIC) has launched eligibilityNOW, a comprehensive claims management solution aimed at improving the speed and accuracy of processing benefits claims for government agencies [1][2] - The solution leverages AI technology in partnership with Xerox to address eligibility backlogs and enhance outcomes for beneficiaries [1][3] Group 1: Product Overview - eligibilityNOW is designed to modernize the benefits claims lifecycle by digitizing, validating, routing, and securely storing claims data in the cloud [2] - The solution minimizes manual efforts and overcomes legacy system constraints, enabling agencies to deliver health benefits efficiently while meeting service-level expectations [2][3] Group 2: Strategic Importance - The platform is modular and purpose-built to adapt to the evolving needs of government health agencies, including the Department of Veterans Affairs and the Department of Health and Human Services [3] - By reducing the cognitive load on claims adjudicators, eligibilityNOW enhances citizen trust and accelerates benefit delivery [3] Group 3: Company Background - SAIC is a Fortune 500 mission integrator with a focus on technology and innovation across defense, space, civilian, and intelligence markets, generating annual revenues of approximately $7.5 billion [4][5] - The company employs around 24,000 individuals and is headquartered in Reston, Virginia [5]

Core Insights - David Urban has been appointed to the Board of Directors of Science Applications International Corp. (SAIC), effective September 15, 2025, bringing extensive experience in policy, politics, and strategy [1][2] - Urban's expertise includes navigating public policy, strategic communications, corporate governance, risk management, and organizational leadership, which will be beneficial for SAIC [1][2] - His appointment increases SAIC's Board from eleven to twelve members and he will serve on the Board's Audit Committee [1] Company Overview - SAIC is a leading mission integrator in the United States, focusing on technology and innovation to serve defense, space, civilian, and intelligence markets [4] - The company has a robust portfolio that includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services [4] - SAIC is headquartered in Reston, Virginia, and has approximately 24,000 employees with annual revenues of about $7.5 billion [5]

Core Insights - Science Applications International Corp. (SAIC) has announced a strategic collaboration with ServiceNow to enhance government risk reduction efforts for mission operations [1][2] - The partnership aims to shift IT risk management from a reactive approach to a proactive, autonomous resilience model, ensuring no-fail mission environments for U.S. armed forces and agencies [1][2] Group 1: Collaboration Details - The collaboration will leverage ServiceNow's AI Platform integrated into SAIC's mission labs, providing real-time intelligence for decision-making, issue prediction, and process automation [2][3] - The partnership focuses on enabling customers to rapidly develop, test, and deploy secure IT services, ensuring scalability and faster delivery of capabilities [2][3] Group 2: Strategic Goals - The collaboration aims to unlock efficiencies in government operations by combining SAIC's mission integration approach with ServiceNow's innovative AI technology [3][4] - The goal is to accelerate modernization efforts within defense and government sectors, enhancing user experiences and reducing technical debt [3][4] Group 3: Market Position - As an Elite partner of ServiceNow, SAIC is positioned to deliver transformative solutions at an enterprise scale across defense, civilian, and intelligence markets [4] - SAIC leads the largest federal implementation of ServiceNow through the Army Enterprise Service Management Platform, demonstrating its capability to operationalize complex solutions [4][6]

Company Overview - SAIC shares have increased by approximately 11.9% since the last earnings report, outperforming the S&P 500 [1] - The most recent earnings report is essential to understand the key drivers behind this performance [1] Earnings Estimates - Estimates for SAIC have trended upward over the past month, indicating positive sentiment among analysts [2][4] VGM Scores - SAIC has a strong Growth Score of A, but a low Momentum Score of F, while also receiving an A grade for value, placing it in the top quintile for this investment strategy [3] - The aggregate VGM Score for SAIC is A, which is significant for investors not focused on a single strategy [3] Industry Comparison - SAIC is part of the Zacks Computers - IT Services industry, where Wix.com has gained 6.2% over the past month [5] - Wix.com reported revenues of $473.65 million for the last quarter, reflecting a year-over-year increase of 12.8% [5] - Wix.com is expected to post earnings of $1.75 per share for the current quarter, representing a year-over-year change of 4.8% [6]

Core Insights - Science Applications International Corp. (SAIC) has been awarded a $928 million contract for the Hyper-Innovative Operational Prototype Engineering (HOPE) 2.0 to support the U.S. Air Force Tactical Exploitation of National Capabilities (AF TENCAP) [1][3] - The contract will span five years, starting in July 2025, and aims to enhance warfighting capabilities through rapid prototype development and mission integration [1][3][6] Company Overview - SAIC is a leading mission integrator with a focus on technology and innovation, serving defense, space, civilian, and intelligence markets [7] - The company has approximately 24,000 employees and annual revenues of about $7.5 billion [8] Contract Details - The HOPE 2.0 contract will integrate Intelligence Community capabilities with urgent Department of Defense (DoD) operational needs, providing comprehensive Research, Development, Test, and Evaluation (RDT&E) services [3][4] - SAIC will collaborate with over a dozen defense companies to deliver advanced technology to DoD Combatant Commands [5] Strategic Importance - The contract aligns with the DoD's Software Acquisition Pathway and addresses national priorities such as deterrence in the Pacific [6] - SAIC's efforts will focus on maintaining decision dominance through sensor and data fusion, improving command and control decisions, and enhancing battlespace awareness [9]

Core Viewpoint - Science Applications International (SAIC) presents a compelling investment opportunity following a significant decline in share price, attributed to initial uncertainties regarding government spending, which have since been alleviated [2][8]. Financial Performance - SAIC reported net revenue of $1.88 billion for Q1 2025, marking a 1.6% increase year-over-year, slightly surpassing consensus estimates [8]. - The company anticipates revenue for the year to be between $7.6 billion and $7.75 billion, with a projected organic growth rate of 2.5% [10]. Shareholder Returns - The company offers a dividend yield of 1.43% with a payout ratio of 16%, complemented by aggressive share buybacks, which are expected to total approximately $375 million, or about 7.6% of market capitalization [5][6]. - Share buybacks reduced the share count by an average of 8.25% in FQ1 2026, with plans to maintain this pace through the end of the year [6]. Market Sentiment and Analyst Ratings - Analysts have mixed responses to SAIC's results, with price targets ranging from $100 to $137, indicating a potential upside of 20% to over 30% from recent lows [13][14]. - The overall analyst rating for SAIC is currently a Hold, with an improving sentiment trend over the past year [10][14]. Strategic Positioning - The company's growth trajectory aligns with the White House's budget proposal, which emphasizes critical segments such as the Navy, Air Force, and Space Development Agency [12]. - SAIC's business is well-positioned to benefit from ongoing government contracts, with a favorable book-to-bill ratio indicating strong future business prospects [10].

Core Insights - Science Applications International (SAIC) reported its first-quarter fiscal 2026 results, with non-GAAP earnings of $1.92 per share, missing the Zacks Consensus Estimate of $2.14 by 10.28% and showing flat year-over-year profits [1][9] - Revenues for the fiscal first quarter rose 2% year over year to $1.877 billion, slightly surpassing the Zacks Consensus Estimate of $1.864 billion by 0.71%, driven by increased contract volumes [2][9] - Despite the revenue growth, SAIC shares fell 13% following the earnings miss, contributing to a year-to-date decline of 9.8%, underperforming the Computers – IT Services industry [3] Financial Performance - Defence and Intelligence segment revenues, accounting for 76.3% of total revenues, decreased 0.2% year over year to $1.43 billion, while Civilian revenues rose 8% year over year to $444 million, constituting 23.7% of total revenues [4] - Net bookings for the quarter were approximately $2.4 billion, resulting in a book-to-bill ratio of 1.3, with an estimated backlog of $22.3 billion at the end of the quarter [5] - Selling, general and administrative (SG&A) expenses decreased 4.7% to $89 million, while non-GAAP operating income fell to $158 million from $165 million year over year, leading to a non-GAAP operating margin contraction of 50 basis points to 8.4% [6] EBITDA and Cash Flow - Adjusted EBITDA declined 5.42% to $157 million, with an adjusted EBITDA margin of 8.4%, down from 9% in the prior-year quarter, impacted by seasonal investment costs [7] - The company ended the fiscal first quarter with cash and cash equivalents of $47 million, down from $56 million in the previous quarter, and long-term debt decreased to $1.876 billion [8] Guidance and Outlook - SAIC reaffirmed its fiscal 2026 guidance, projecting revenues in the range of $7.60-$7.75 billion and adjusted earnings between $9.10-$9.30 per share, with adjusted EBITDA expected to be approximately $715-$735 million [11]