SAIC Reports Strong Q2 Results, Boosting Investor Confidence
Shares of Science Applications International (NASDAQ: SAIC) rose following the release of its second-quarter 2027 financial results. The company reported revenue of $1.88 billion, exceeding analysts' expectations of $1.76 billion and showing a year-over-year increase of 6%. Additionally, adjusted earnings per share came in at $3.01 compared to an expected $2.31. Management also raised its full-year fiscal 2027 revenue guidance from $7 billion to between $7.2 billion and $7.3 billion while increasing the EPS forecast range to $10.65–$10.75, up from previous expectations of $9.90–$10.10. The free cash flow projection for 2027 remained unchanged at a minimum of $600 million. The stock initially surged over 13% but later retreated to a gain of around 3.2%. SAIC's strong performance and revised guidance have drawn investor interest, especially as the company continues securing contracts with U.S. military branches and intelligence agencies.
