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SAIC

Science Applications International Corporation

SAIC

Science Applications International Corporation • NASDAQ
$86.21 ▲ 0.61% (+0.52)
Market Cap $3.97 B
52w High $133.00
52w Low $84.16
Dividend Yield 1.48%
P/E 10.48
Volume 326.69K
Outstanding Shares 46.02M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $1.769B ▼ $76M ▼ $127M ▲ 7.179% ▲ $2.72 ▲ $174M ▲
Q1-2026 $1.877B ▲ $88M ▼ $68M ▼ 3.623% ▼ $1.43 ▼ $152M ▼
Q4-2025 $1.838B ▼ $94M ▲ $98M ▼ 5.332% ▼ $2.02 ▼ $172M ▼
Q3-2025 $1.976B ▲ $77M ▲ $106M ▲ 5.364% ▲ $2.15 ▲ $193M ▲
Q2-2025 $1.818B $76M $81M 4.455% $1.59 $165M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $48M ▲ $5.201B ▼ $3.684B ▼ $1.517B ▲
Q1-2026 $47M ▼ $5.211B ▼ $3.706B ▲ $1.505B ▼
Q4-2025 $56M ▲ $5.246B ▼ $3.669B ▲ $1.577B ▼
Q3-2025 $46M ▼ $5.275B ▲ $3.663B ▲ $1.612B ▼
Q2-2025 $48M $5.25B $3.625B $1.625B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $127M ▲ $122M ▲ $-7M ▲ $-114M ▼ $1M ▲ $122M ▲
Q1-2026 $68M ▼ $100M ▼ $-15M ▲ $-94M ▼ $-9M ▼ $100M
Q4-2025 $98M ▼ $115M ▼ $-20M ▼ $-85M ▲ $10M ▲ $100M ▼
Q3-2025 $106M ▲ $143M ▲ $1M ▲ $-146M ▼ $-2M $134M ▲
Q2-2025 $81M $138M $-9M $-131M $-2M $132M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Civilian
Civilian
 $0 ▲$0 ▲$290.00M ▲$280.00M ▼
Defense And Intelligence
Defense And Intelligence
 $1.51Bn ▲$1.36Bn ▼$1.43Bn ▲$1.37Bn ▼

Five-Year Company Overview

Income Statement

Income Statement SAIC’s sales have been fairly steady over the past few years, edging up over the longer term but not showing strong recent growth. The positive story is on profitability: the company has become more efficient over time, with better earnings than a few years ago even on similar revenue. Last year’s profit was down from an unusually strong prior year but still meaningfully higher than earlier in the period. Earnings per share have grown faster than overall profit, suggesting active share repurchases or other capital actions that concentrate results per share. Overall, this looks like a mature, reasonably profitable business with modest growth and some year‑to‑year swings in margins.

Balance Sheet

Balance Sheet The balance sheet shows a company with stable but slightly shrinking asset levels and meaningful use of debt financing. Debt is noticeably larger than the cash balance, which means SAIC relies on ongoing cash generation rather than a large cash cushion. Equity has generally trended up over several years, although it dipped most recently, which could reflect buybacks, dividends, or swings in earnings. In simple terms, SAIC is not overextended on a year‑to‑year basis, but it does run a fairly leveraged, capital‑light balance sheet, so maintaining steady cash flows is important.

Cash Flow

Cash Flow SAIC consistently produces solid cash from its operations, and most of that turns into free cash flow because it does not need heavy capital spending to run or grow the business. Operating and free cash flow have come down from an especially strong year earlier in the period but remain comfortably positive and well aligned with reported profits. This pattern fits an asset‑light services company: relatively low investment needs, healthy cash generation, and flexibility to use cash for debt service, buybacks, or dividends, as long as contract performance stays stable.

Competitive Edge

Competitive Edge SAIC operates in the U.S. government technology and mission services market, where long relationships, trust, and security clearances matter as much as the technology itself. Its focus on “mission integration” — stitching together new digital, AI, and cloud tools with existing military and civilian systems — gives it a differentiated role as a problem‑solver rather than just a staffing or IT vendor. Deep ties with defense, intelligence, and civilian agencies, plus follow‑on contract wins, point to high customer stickiness and sizable switching costs. The flip side is exposure to government budget cycles, contract re‑competitions, and intense competition from other large integrators, so SAIC’s position is strong but not without pressure.

Innovation and R&D

Innovation and R&D Innovation at SAIC is centered on three main themes: digital engineering, AI and data analytics, and secure cloud solutions. The company is moving customers toward model‑based design and testing, using digital twins and simulations to speed up development and modernization. Its AI platforms, such as Tenjin and Koverse, aim to turn very large, complex data sets into usable insights while reducing manual analyst work. On the cloud side, offerings like CloudScend and a partnership with Google Public Sector push secure, mission‑ready cloud and “AI at the edge” for contested or low‑connectivity environments. The Innovation Factory and related training programs create a lab‑like setting where teams and customers co‑develop solutions quickly. Overall, SAIC’s R&D and innovation are tightly tied to customer missions, more services‑ and solution‑oriented than product‑heavy, which can be an advantage for adoption but may limit pure software‑like scalability.

Summary

Putting it together, SAIC looks like a mature government technology integrator with stable revenue, improved profitability versus a few years ago, and strong cash generation, offset by moderate leverage and dependence on federal spending. Its edge comes from deep mission knowledge, long‑standing customer relationships, and an ability to integrate advanced digital, AI, and cloud capabilities into complex defense and civilian environments. Innovation is active and well aligned with where government technology is heading, especially digital engineering and AI‑enabled analytics. The main things to watch are its ability to reignite top‑line growth, sustain higher margins, and keep winning key contracts in a competitive, policy‑driven market while managing its leverage and continuing to convert earnings into cash.

NEWS

November 24, 2025 · 8:30 AM UTC

U.S. Navy Awards SAIC $242M Contract to Operate, Maintain and Upgrade Propulsion Test Facility

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November 21, 2025 · 2:00 PM UTC

Building Homes for Heroes Honors SAIC at Annual Gala

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November 20, 2025 · 12:00 PM UTC

SAIC Schedules Third Quarter Fiscal Year 2026 Earnings Conference Call for December 4 at 10 A.M. ET

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November 20, 2025 · 8:30 AM UTC

SAIC Secures $1.4 Billion COBRA Task Order to Fast-Track Warfighting Technologies from Concept to Combat

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November 19, 2025 · 8:30 AM UTC

SAIC and HavocAI Partner to Link Autonomous Fleets to Global Command and Control Infrastructure for U.S. Navy

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