Science Applications International Corporation reported second-quarter revenue of $1.88 billion, up 6.3% year over year and 7.1% above analyst estimates, while adjusted earnings per share of $3.01 beat expectations by 30.4%. The company raised its full-year revenue guidance to $7.25 billion at the midpoint, a 2.1% increase from the prior $7.1 billion, and lifted adjusted EPS guidance to $10.70, up 7%. Management attributed the outperformance to operational efficiency gains, robust contract execution, and a recompete win rate above 90%, and highlighted Project Orbit, a multi-year cost-reduction initiative expected to generate about $150 million in annual run-rate savings, as a key driver for future margin expansion. The company also noted a gradual shift toward higher-margin fixed-price contracts, particularly in the civil segment, and expects to reach mid-10% margins next year with a path to roughly 11% longer term.
Science Applications International Corporation Common StockQ2 revenue and EPS beat estimates, and full-year guidance raised.
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