Science Applications International Corp Reports Q2 FY2026 Results
Science Applications International Corp (SAIC), a leading consulting company specializing in scientific, engineering, and technology applications, announced its second-quarter results for fiscal year 2026. The company, based in the District of Columbia and listed on the Nasdaq, reported revenues of $1.77 billion, marking a 3% year-over-year decline. Despite the decrease in revenue, SAIC demonstrated improved profitability with a net income of $127 million, a significant 57% increase from the previous year. The adjusted EBITDA margin also improved to 10.5%.
The company’s net bookings were robust, totaling $2.6 billion, with a book-to-bill ratio of 1.5. This indicates strong demand for SAIC’s services, as the book-to-bill ratio measures the value of new business compared to the value of business completed during the same period.
SAIC secured several major contract wins, contributing to its improved financial performance. Notably, the company won a $928 million contract with the U.S. Air Force for the HOPE 2.0 program and a $728 million task order for cloud services with the Treasury Department. These contracts underscore SAIC’s strong position in the defense and government sectors.
Looking ahead, SAIC is expected to release its quarterly earnings on September 4, 2025. Analysts had projected earnings per share (EPS) of $2.24, up from $1.58 in the same quarter of the previous year. Revenue estimates also indicated a 2.48% increase to $1.86 billion, compared to $1.82 billion in the prior year.
Overall, SAIC’s Q2 FY2026 results reflect a strategic focus on securing high-value contracts and improving operational efficiency, positioning the company for continued growth in its core markets of security, energy, environmental, health, and infrastructure.