SAIC Stock Rises on Strong Q2 Earnings and Revised Guidance
Shares of Science Applications International (NASDAQ: SAIC) are rising following the release of its second-quarter fiscal year 2027 financial results. The company reported revenue of $1.88 billion, exceeding analyst expectations by a significant margin with a 6% year-over-year increase. Additionally, adjusted earnings per share came in at $3.01 compared to an expected $2.31. Management also raised its full-year fiscal 2027 guidance for revenue and adjusted diluted EPS due to the strong performance. The new projected revenue range is now between $7.2 billion and $7.3 billion, up from previous estimates of $7 billion. Adjusted diluted EPS guidance was increased to a range of $10.65–$10.75. The stock's rise reflects investor optimism about SAIC’s performance and future outlook. The company continues to secure contracts with U.S. military branches and intelligence agencies, reinforcing its role in delivering digital solutions valued by the government.
Tickers: $SAIC
Topics: earnings report finance SAIC stock market