The margin expansion and guidance raise are the key catalysts — monitor the Q2 10-Q for sustained margin trajectory and organic growth acceleration. The $22.9B backlog provides multi-year revenue visibility; any large new contract wins could drive further upside.
Price Chart
Executive Summary
SAIC reported Q1 FY27 results with revenue of $1.906B (2% YoY growth, 0.5% organic), GAAP diluted EPS of $2.61, and adjusted diluted EPS of $3.23 — a 68% YoY increase. The company raised FY27 guidance for adjusted EBITDA ($720M-$730M), adjusted EBITDA margin (10.1%-10.3%), and adjusted diluted EPS ($9.90-$10.10), while reiterating revenue ($7.0B-$7.2B) and free cash flow ($600M) guidance. The strong margin expansion and guidance raise signal improving operational execution, though organic growth remains modest.
Key Financial Metrics
Key Facts
- Q1 FY27 revenue of $1.906B, up 2% YoY (0.5% organic ex-SilverEdge)
- GAAP diluted EPS of $2.61 vs $1.42 YoY (+84%); adjusted diluted EPS of $3.23 vs $1.92 YoY (+68%)
- Adjusted EBITDA margin expanded 320bps to 11.6% (record level)
- Raised FY27 adjusted EBITDA guidance to $720M-$730M (from $705M-$715M)
- Raised FY27 adjusted diluted EPS guidance to $9.90-$10.10 (from $9.50-$9.70)
- Net bookings of $2.1B with book-to-bill of 1.1; total backlog of $22.9B
- Operating cash flow of $127M; free cash flow of $118M vs -$44M YoY
- Deployed $192M in capital: $175M share repurchases + $17M dividends
Financial Impact
Adjusted EBITDA guidance raised by $15M at midpoint; adjusted EPS guidance raised by $0.40 at midpoint
Risk Factors
- Organic growth remains tepid at 0.5%, with Civilian segment revenue declining 1% YoY
- Revenue guidance of $7.0B-$7.2B implies continued organic contraction of (4%)-(2%) for FY27
- Heavy reliance on share buybacks ($175M in Q1) to drive EPS growth — diluted share count down 8% YoY
- Government budget uncertainty and contract ramp-downs could pressure top-line
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001571123-26-000077 |
| Document: saic-20260601.htm | 0001571123-26-000077 |
| Document: 0001571123-26-000077-index-headers.html | 0001571123-26-000077 |
| Document: 0001571123-26-000077-index.html | 0001571123-26-000077 |
| Document: 0001571123-26-000077.txt | 0001571123-26-000077 |
| 8-K Data (Synthetic) | 0001571123-26-000077 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 31, 2026 4w ago | 8-K | $128.22 $128.21 | ▼ −0.01% | ▲ +0.18% | $125.43 (−2.18%) |
Aug 28, 2026 5w ago | Press Release | $125.96 $130.93 | ▲ +3.95% | ▲ +3.69% | $125.43 (−0.42%) |
Aug 28, 2026 5w ago | 8-K | $125.96 $130.93 | ▲ +3.95% | ▲ +3.69% | $125.43 (−0.42%) |
Aug 10, 2026 7w ago | 8-K | $125.46 $127.55 | ▲ +1.67% | ▲ +2.58% | $125.43 (−0.02%) |
Aug 5, 2026 8w ago | GOVT-CONTRACT | $120.30 $127.18 | ▲ +5.72% | ▲ +6.32% | $125.43 (+4.26%) |
Jun 9, 2026 16w ago | Press Release | $114.08 $113.67 | ▼ −0.36% | ▼ −1.81% | $125.43 (+9.95%) |
Jun 1, 2026 17w ago | Press Release | $115.08 $110.41 | ▼ −4.06% | ▼ −2.76% | $125.43 (+8.99%) |
Jun 1, 2026 17w ago | 8-K | $115.08 $110.41 | ▼ −4.06% | ▼ −2.76% | $125.43 (+8.99%) |
Jun 1, 2026 17w ago | 8-K | $115.08 $110.41 | ▼ −4.06% | ▼ −2.76% | $125.43 (+8.99%) |
May 29, 2026 18w ago | Press Release | $104.20 $112.96 | ▲ +8.41% | ▲ +10.20% | $125.43 (+20.37%) |
US Market Status
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