SAIC Stock Rises as Results Top Estimates on Higher Contract Volume

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Bill McColl
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Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of the most notable news stories of the time.

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Published September 05, 2024
12:46 PM EDT
A SAIC (Science Applications International Corporation) logo is seen on a smartphone and a PC screen

Pavlo Gonchar / SOPA Images / LightRocket via Getty Images

Key Takeaways

  • Science Applications International Corporation, or SAIC, exceeded profit and sales forecasts on increased contract volume.
  • The government and defense technology provider also raised its full-year EPS guidance.
  • Free cash flow rose 67% year-over-year.


Shares of Science Applications International Corporation (SAIC), or SAIC, advanced Thursday when the government and defense technology provider posted better-than-expected results and boosted its guidance as the volume of contracts increased.

SAIC reported fiscal 2025 second-quarter adjusted earnings per share (EPS) of $2.05, with revenue up 1.9% year-over-year to $1.82 billion and free cash flow jumping 67% to $241 million. The averages of analysts surveyed by Visible Alpha were for $1.84, $1.79 billion, and $142 million, respectively.

Defense and intelligence unit sales rose 1.9% to $1.42 billion, and they gained 2.0% to $403 million for the civilian segment. Net bookings were approximately $1.2 billion, resulting in a 0.6 book-to-bill ratio.

CEO Says SAIC 'Seeing Encouraging Trends'

Chief Executive Officer (CEO) Toni Townes-Whitley said the company is "seeing encouraging trends as we execute our growth strategy."

SAIC now anticipates full-year adjusted EPS in a range of $8.10 to $8.30, up from its previous outlook of $8.00 to $8.20.

SAIC shares rose 4% to $134.73 in early afternoon trading. They are about 8% higher year-to-date.

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  1. SAIC. "SAIC Announces Second Quarter of Fiscal Year 2025 Results."

  2. SAIC. "SAIC Announces First Quarter of Fiscal Year 2025 Results."

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