Science Applications International Corporation (NASDAQ:SAIC) Faces Mixed Financial Results and Adjusted Forecasts

Core Viewpoint - Science Applications International Corporation (SAIC) is facing challenges with a decline in quarterly sales, but has shown strong adjusted earnings per share (EPS) performance, leading to a mixed outlook for the company [2][3][5] Financial Performance - SAIC reported a 3% year-on-year decline in quarterly sales, totaling $1.77 billion, which was below the analyst consensus estimate of $1.86 billion [2][5] - The adjusted EPS for SAIC was $3.63, exceeding the analyst consensus estimate of $2.24, prompting an upward revision of the annual EPS outlook to a range of $9.40-$9.60 from the previous $9.10-$9.30 [3][5] - The company revised its 2026 revenue outlook downwards to a range of $7.25 billion to $7.325 billion, below the previous forecast of $7.60 billion to $7.75 billion and the analyst consensus estimate of $7.65 billion [3] Stock Performance - Following the financial announcements, SAIC shares fell by 1.7%, trading at $104.41, and the current stock price is $101.86, reflecting a decrease of approximately 2.93% [4] - The stock has fluctuated between a low of $101.52 and a high of $103.86 during the trading day, with a market capitalization of approximately $4.69 billion [4]