Science Applications International Corporation (NASDAQ: SAIC) delivered a solid performance in the fourth quarter of 2026, with revenue closely aligning with market expectations. Despite a year-over-year decline, the company demonstrated strong profitability, with earnings per share significantly exceeding analyst forecasts.
Adjusted earnings per share for the fourth quarter were $2.62, surpassing the analyst estimate of $1.93 and increasing from the previous year’s $2.57 per share. For the fiscal year, adjusted diluted earnings per share reached $10.75, up from $9.13 in the prior year.
The company reported fourth-quarter revenue of $1.75 billion, slightly below the previous year’s $1.84 billion. For the fiscal year, revenue decreased by $217 million due to contract completions and reduced volume on existing contracts.
Operating income as a percentage of revenues increased to 7.6% for the quarter, compared to 7.5% in the prior year. Adjusted EBITDA as a percentage of revenues for the quarter rose to 10.3%, up from 9.6% in the prior year, driven by lower selling, general, and administrative expenses.
Science Applications International Corporation projects earnings for FY 2027 to range between $9.50 and $9.70 per share, with revenue expected to be between $7.00 billion and $7.20 billion.
Jim Reagan, SAIC’s Chief Executive Officer, commented, “As previously announced on February 11, our fourth-quarter results reflected ongoing top-line challenges, balanced by strong operational execution that supports our ability to raise margin expectations moving forward”.
SAIC declared a cash dividend of $0.37 per share of the Company’s common stock payable on April 24, 2026, to stockholders of record on April 10, 2026.
