SAIC(US:SAIC) Globenewswire·2026-02-11 12:01Core Viewpoint - Science Applications International Corp. (SAIC) announced preliminary financial results for Q4 and FY 2026, indicating a revenue reduction due to procurement delays and unfavorable customer award decisions, leading to updated guidance for FY 2027 [1][6]. Group 1: Financial Results - Q4 FY26 revenue is approximately $1.745 billion, slightly below prior expectations of $7.275 billion to $7.325 billion for FY26, which is now expected to be around $7.26 billion [5]. - Organic growth for Q4 FY26 is estimated at approximately (6%), compared to a prior guidance of (2% - 3%) for FY26 [5]. - Adjusted EBITDA for Q4 FY26 is approximately $180 million, exceeding prior expectations of around $695 million for FY26, which is now expected to be approximately $705 million [5][4]. - Adjusted diluted EPS for FY26 is projected to be between $10.40 and $10.60, higher than the previous guidance of $9.80 to $10.00 [5]. Group 2: Updated Guidance - For FY27, revenue is now expected to be between $7.0 billion and $7.2 billion, a decline from the previous guidance of $7.35 billion to $7.55 billion [7]. - Organic growth for FY27 is now projected to be between (4%) and (2%), compared to the previous guidance of 0% to 3% [7]. - Adjusted EBITDA for FY27 is expected to be between $705 million and $715 million, lower than the previous guidance of $725 million to $735 million, although margins are expected to improve due to operational efficiency [8][6]. Group 3: Strategic Focus - The company is focusing on more selective customer opportunities that have the potential for technology transformation and execution upside, particularly in response to recent revenue pressures within larger Enterprise IT programs [3][2]. - Investments are being made to enhance business development and delivery processes, including a bottoms-up enterprise transformation program aimed at increasing investment capacity [2].