Core Viewpoint - Science Applications International Corporation (SAIC) reported a challenging revenue environment for the second quarter of fiscal year 2026, with a decrease in revenues and a cautious outlook for the remainder of the year [2][4][5]. Financial Performance - Revenues for the quarter were $1.769 billion, a decrease of 3% compared to $1.818 billion in the same period last year [3][4]. - Operating income increased by 4% to $139 million, with an operating income margin of 7.9%, up from 7.4% [3][6]. - Net income rose significantly by 57% to $127 million, compared to $81 million in the prior year [3][5]. - Adjusted EBITDA was $185 million, representing 10.5% of revenues, an increase from 9.4% in the prior year [3][7]. - Diluted earnings per share increased to $2.71 from $1.58, while adjusted diluted earnings per share rose to $3.63 from $2.05 [3][8]. Cash Flow and Capital Deployment - Net cash provided by operating activities decreased by 12% to $122 million, while free cash flow dropped by 38% to $150 million [3][9]. - The company deployed $130 million in capital, primarily for share repurchases and dividends [10]. Backlog and Contract Awards - Net bookings for the quarter were approximately $2.6 billion, with a book-to-bill ratio of 1.5, and year-to-date net bookings reached $5.0 billion [5][12]. - The estimated backlog at the end of the quarter was approximately $23.2 billion, with $3.6 billion funded [12][40]. - Notable contract awards included a $928 million contract with the U.S. Air Force and a $728 million task order for the Department of Treasury [13][14]. Guidance - The company revised its fiscal year 2026 guidance, projecting revenues between $7.250 billion and $7.325 billion, down from the previous range of $7.60 billion to $7.75 billion [21][22]. - Adjusted EBITDA guidance was also lowered to a range of $680 million to $690 million, compared to the prior range of $715 million to $735 million [22].

Core Points - Science Applications International Corp. (SAIC) is set to release its second quarter fiscal year 2026 results on September 4, 2025, before market open [1] - A conference call to discuss the operational and financial results will take place at 10:00 a.m. Eastern time, which will be webcast to the public [2] - SAIC is a Fortune 500 mission integrator with a focus on technology and innovation across defense, space, civilian, and intelligence markets [3] - The company has approximately 24,000 employees and annual revenues of about $7.5 billion [4]

Core Points - Science Applications International Corp. (SAIC) is set to release its first quarter fiscal year 2026 results on June 2, 2025, before market opening [1] - A conference call to discuss the operational and financial results will take place at 10:00 a.m. Eastern time on the same day [1] - The conference call will be available via webcast only, with no dial-in access provided [2] Company Overview - SAIC is a Fortune 500 mission integrator focused on technology and innovation across defense, space, civilian, and intelligence markets [3] - The company offers a robust portfolio including mission IT, enterprise IT, engineering services, and professional services [3] - SAIC employs approximately 24,000 people and has annual revenues of around $7.5 billion [4]