Quarterly ResultJun 1, 2026, 12:41 PM
SAIC Q1 Net Income $115M, up 69%; Diluted EPS $2.61; Revenues $1.91B
AI Summary
Science Applications International Corp (SAIC) reported strong first-quarter results with net income increasing 69% to $115 million and diluted EPS rising 83.8% to $2.61. Revenues grew 1.5% to $1.906 billion. The company also repurchased $175 million in common stock and declared a quarterly dividend of $0.37 per share. A business reorganization was completed, consolidating five groups into three, without impacting reportable segments.
Key Highlights
- Net income for Q1 2027 increased 69% to $115 million from $68 million year-over-year.
- Diluted EPS rose 83.8% to $2.61 in Q1 2027, up from $1.42 in Q1 2026.
- Revenues for Q1 2027 grew 1.5% to $1.906 billion, compared to $1.877 billion in Q1 2026.
- Operating income increased 47.9% to $179 million in Q1 2027 from $121 million year-over-year.
- The company repurchased $175 million of common stock during the quarter.
- A quarterly dividend of $0.37 per share was declared, payable on July 24, 2026.
- Defense and Intelligence segment revenue increased to $1.466 billion from $1.433 billion.
- Remaining Performance Obligations (RPO) stood at approximately $6.6 billion as of May 1, 2026.
Price Impact
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