SAIC Reports Strong Q2, Raises FY2027 Guidance on Backlog Strength
Aug 31, 2026, 7:14 AM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The stronger-than-expected quarterly results, raised FY2027 targets, and backlog depth improve visibility into future cash flow and earnings. The awards pipeline (CIA, Army, Navy) and the MARPA facility expansion reduce execution risk and support recurring revenue growth, likely attracting multiple expansion for SAIC relative to peers.
AI summary
What happened, with direct paths to the underlying reporting
SAIC posted a solid second quarter, delivering $1.88B in revenue (+6.3% YoY) with 5.3% organic growth and $102M net income. Adjusted EBITDA reached $193M (10.3% margin) as the firm raised its FY2027 guidance to $7.2–$7.3B in revenue and $750–$755M of adjusted EBITDA, with free cash flow above $600M. Backlog sits at $22.1B, including $3.8B funded, underpinned by multiple award wins in US Space/INT, Army and Navy, plus a MARPA facility upgrade and a quarterly dividend increase.
Revenue for Q2 2027: $1.88B, up 6.3% YoY; organic growth 5.3%.
Net income: $102M; Adjusted EBITDA: $193M (10.3% margin).
Backlog: $22.1B; funded backlog $3.8B; notable new awards include CIA $400M, Army $330M, Navy $130M.
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