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SAIC
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Latest analysis
Updated Aug 31, 2026
SAIC raises FY2027 guidance across all metrics as on-contract growth accelerates to 9%, but book-to-bill of 0.6x flags procurement headwinds ahead.
SAIC delivered Q2 FY2027 revenue of $1.9 billion with organic growth of approximately 5%, driven by on-contract growth of 9% — roughly double the prior-year pace — and raised full-year revenue guidance to a $7.25 billion midpoint. The company's recompete win rate of over 90% and funded backlog growth de-risk near-term revenue, but a quarterly book-to-bill of 0.6x (0.8x trailing twelve months) signals that procurement office disruption and award slippage are compressing new business conversion. Project Orbit, a three-year structural cost and efficiency program targeting $150 million in annual run-rate savings, is the central strategic initiative, with two-thirds of savings earmarked for reinvestment and the balance supporting margin expansion toward an approximately 11% EBITDA target by FY2030.
Tone: mixedRevenue
$7.3B
SAIC 10-K · FY 2026
Employees
23,000
Revenue FY2025
$7.5B
Founded
1969
Profile
SAIC 10-K Item 1 · Mar 16, 2026Science Applications International Corporation (SAIC) is a leading provider of technical, engineering, and mission and enterprise IT services primarily to the U.S. government, serving all military branches and major civilian agencies. The company delivers end-to-end IT solutions spanning design, development, modernization, integration, and sustainment of customers' entire IT infrastructure. With approximately 23,000 employees and roughly 1,700 active contracts, SAIC operates through two reportable segments: Defense and Intelligence, and Civilian.
Read filing description ↓ Collapse description ↑
Science Applications International Corporation (SAIC) is a leading provider of technical, engineering and mission and enterprise information technology ('IT') services primarily to the U.S. government. The Company provides these services for large, complex projects with a targeted emphasis on higher-end, differentiated technology services and solutions that accelerate and transform secure and resilient digital environments through systems design, development, modernization, integration, and sustainment to drive enterprise and mission outcomes. Our end-to-end IT offerings span the entire spectrum of our customers' IT infrastructure. Our business has a long and successful history of over 50 years serving all military forces (Army, Air Force, Navy, Marines, Coast Guard, and Space Force) and agencies of the Department of War, National Aeronautics and Space Administration, U.S. Department of State, Department of Justice, Department of Homeland Security and members of the Intelligence Community. We serve our customers through approximately 1,700 active contracts and task orders. The Defense and Intelligence segment provides a diverse portfolio of national security solutions to the DoW and the Intelligence Community of the United States Government. The Civilian segment provides solutions to the civilian markets, encompassing federal, state, and local governments, in order to deliver services for citizen well-being, border security, and protecting lives. The offerings of both reportable segments entail the integration of emerging technologies into mission critical operations that modernize and enable national imperatives, including IT modernization, digital engineering, artificial intelligence, mission systems support and advisory, training and simulation, and ground vehicles support.
Primary products
- IT Modernization
- Digital Engineering
- Artificial Intelligence (AI)
- Mission Systems Support
- Training and Simulation
- Ground Vehicles Support
Business segments
End markets
Geographies
Named customers
In fiscal 2026, 2025 and 2024, 98% of our total revenues were attributable to prime contracts with the U.S. government or to subcontracts with other contractors engaged in work for the U.S. government.
Named competitors
“We are one of the largest pure-play technology service providers to the U.S. government. Our significant scale advantage enables us to serve as a prime systems integrator on large, complex programs and to allocate resources toward further developing and expanding our repeatable, proven solutions and differentiated technical capabilities.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Revenues declined from $7,479 million in fiscal 2025 to $7,262 million in fiscal 2026, reflecting lower volumes across the business.
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