Science Applications International (SAIC) reported fiscal 2027 second-quarter revenue of $1.9 billion, up about 5% organically, with adjusted EBITDA of $193 million and free cash flow of $131 million, beating expectations. The company raised its full-year guidance to $7.25 billion in revenue, adjusted EBITDA margins of 10.3% to 10.5%, and at least $600 million in free cash flow, despite a second-half headwind from the RITS contract rollover. CEO Jim Reagan cited strong on-contract growth and over $1.6 billion in intelligence and space awards, while procurement remains uneven. SAIC's Project ORBIT efficiency program targets $150 million in annual run-rate savings, supporting a path toward approximately 11% margins by fiscal 2030.
Science Applications International Corporation Common StockBeats Q2 estimates and raises full-year guidance, boosting earnings outlook.
