Science Applications International Corp (SAIC) Form 10-Q — Aug 31, 2026

$SAICForm 10-QFiled Aug 31, 2026, 12:46 PM ET0001571123-26-000133Original filing

Science Applications International Corp filed its fiscal 2027 second-quarter 10-Q reporting revenues of $1.88 billion, up 6% year over year (5.3% organic), with operating income of $152 million at an 8.1% margin. Net income fell 20% to $102 million and diluted EPS was $2.38 versus $2.71, largely because the prior-year quarter included a $47 million tax benefit from an IRS audit settlement. For the six months ended July 31, 2026, revenues rose 4% to $3.79 billion, net income climbed 11% to $217 million, diluted EPS was $5.00 versus $4.12, and operating cash flow improved to $273 million from $222 million.

Key figures

Eps: Q2 diluted $2.38 (vs $2.71 prior year); six-month diluted $5.00 (vs $4.12 prior year)
Revenue: Q2 FY2027: $1,880M (+6% YoY); six months: $3,786M (+4% YoY)
Net Income: Q2 $102M (-20% YoY); six months $217M (+11% YoY)
Total Debt: $2,485M ($33M current portion + $2,452M long-term)
Revenue Yoy: +6% for the quarter (5.3% organic); +4% for six months (2.9% organic)
Cash Position: $126M as of July 31, 2026 (vs $182M at January 30, 2026)
Shares Outstanding: 41897635
Employees: approximately 23,000 across approximately 1,700 active contracts and task orders
Total backlog: $22,136M as of July 31, 2026 (vs $22,622M at January 30, 2026)
Funded backlog: $3,818M
Net bookings q2: $1.2 billion
Adjusted ebitda q2: $193M (10.3% of revenues vs $185M prior year)
Quarterly dividend: $0.37 per share
Operating income q2: $152M (8.1% of revenues vs 7.9% prior year)
Marpa facility limit: increased from $300M to $400M on August 14, 2026
Share repurchases q2: 881,913 shares at average price of $102.60
Effective tax rate q2: 14.2%
Gain on investment sale: $12M (Q1 FY2027, $15M cash proceeds)
Net bookings six months: $3.3 billion
Silveredge purchase price: $202 million net of $6 million cash acquired (October 15, 2025)
Us government revenue pct: 97% of revenues
Adjusted operating income q2: $191M (10.2% of revenues vs 10.3% prior year)
Share repurchases six months: approximately 2.7 million shares for approximately $265 million
Cumulative buyback under plan: approximately 31.2 million shares for approximately $2.8 billion
Operating cash flow six months: $273M (vs $222M prior year)
Silveredge revenue contribution: $20M in Q2; $39M in six months
Remaining performance obligations: $6.4 billion (~75% expected to convert to revenue within 12 months)

Price after filing

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Close on the filing date to close N calendar days later (from $125.96). Historical, not a forecast.

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