SAIC raises guidance after Q2 revenue rises 6% to $1.8B

• SAIC reported fiscal second quarter 2027 revenue of $1.88 billion, up about 6% year over year.
• The company raised fiscal 2027 revenue guidance to $7.2 billion–$7.3 billion and adjusted EBITDA guidance to $750 million–$755 million.
• SAIC reported a backlog of about $22.1 billion and announced new contracts across U.S. defense, intelligence, and civilian agencies.

SAIC (NASDAQ:SAIC) reported fiscal second quarter 2027 revenue of $1.88 billion, up about 6% year over year, including 5.3% organic growth and approximately $20 million from the SilverEdge acquisition.

The results included operating income of $152 million with an 8.1% margin, while adjusted EBITDA reached $193 million, representing 10.3% of revenue, as the company continued expanding government services contracts.

SAIC reported net income of $102 million, down 20% year over year, with diluted earnings per share of $2.38 and adjusted diluted earnings per share of $3.01, while operating cash flow reached $146 million and free cash flow totaled $131 million.

The company raised fiscal 2027 guidance for revenue, adjusted EBITDA, adjusted EBITDA margin, and adjusted diluted EPS

SAIC provides technology integration, engineering, and mission support services to U.S. government customers, including defense, intelligence, and civilian agencies.

Meanwhile, the company reported net bookings of $1.2 billion, a trailing twelve-month book-to-bill ratio of 0.8, and total backlog of about $22.1 billion, including $3.8 billion in funded backlog, while returning $106 million to shareholders through repurchases and dividends.