Science Applications International Corp (SAIC) Financial and Corporate Updates
Science Applications International Corp (SAIC), a consulting company specializing in scientific, engineering, and technology applications, has recently made several significant announcements. The company, based in the District of Columbia, operates within the IT Services sector and is listed on the Nasdaq. As of August 27, 2025, SAIC’s stock closed at $117.84, with a market capitalization of approximately $5.52 billion.
Dividend Declaration
On August 29, 2025, SAIC’s Board of Directors declared a quarterly cash dividend of $0.37 per share of common stock. This dividend is scheduled to be payable on October 24, 2025, to stockholders of record as of October 10, 2025. The company has expressed its intention to continue its quarterly dividend payments, although future declarations will be subject to board approval.
Stock Performance and Upgrades
In a notable development, SAIC’s stock surged following a double upgrade by Bank of America (BofA). The upgrade was influenced by the company’s involvement with Shangjie EV and Eve Energy, which are expected to contribute to margin gains. Additionally, SAIC Motor, a subsidiary, saw its stock rating upgraded by BofA due to the potential of its partnership with Huawei.
Product Launches and Partnerships
SAIC MG, another subsidiary, launched a redesigned MG4 featuring a semi-solid-state battery variant, starting at $14,000. This launch is part of SAIC’s ongoing efforts to innovate in the electric vehicle (EV) market. Furthermore, Huawei’s first EV under the Shangjie brand, developed in partnership with SAIC, received over 50,000 pre-orders within 18 hours of its unveiling. The Shangjie H5 midsize crossover, priced at RMB 169,800 ($23,738), has generated significant interest, highlighting the strong market demand for affordable EVs.
Market Dynamics
The EV market continues to evolve, with SAIC Motor reporting stable year-over-year growth in its first-half 2025 revenue. Meanwhile, the broader EV industry is witnessing shifts, as evidenced by Tesla’s 40% decline in vehicle registrations in Europe for July 2025, contrasting with BYD’s tripling of EV registrations in the same period.
Strategic Investments
In related industry news, HASCO has entered the solid-state battery field by acquiring a stake in SAIC QingTao, indicating growing interest and investment in advanced battery technologies.
These developments underscore SAIC’s strategic positioning in the technology and automotive sectors, with a focus on innovation and partnerships that drive growth and market expansion.