Science Applications International Corp (NYSE: SAIC) raised its full-year fiscal 2027 guidance for revenue and adjusted diluted earnings per share following second-quarter results that saw top-line growth of 6% year-over-year.

The company delivered robust Q2 FY27 results with revenue rising to $1.88 billion, surpassing the analyst consensus estimate of $1.766 billion by 6.44 percent. Organic revenue growth stood at 5.3%, driven by volume ramp-ups on existing and new contracts, partially offset by contract completions.

Financial Highlights

Adjusted earnings per share reached $3.01, beating the analyst consensus estimate of $2.31 by 30.3 percent. However, this represents a 17% decline from the $3.63 per share earned in the same period last year. Operating income rose 9% to $152 million, with operating margin expanding 20 basis points to 8.1%. Adjusted EBITDA came in at $193 million, or 10.3% of revenues.

Guidance and Backlog

SAIC increased its fiscal year 2027 guidance across key metrics. Revenue guidance was raised to a range of $7.2 billion to $7.3 billion, up from the prior range of $7.0 billion to $7.2 billion. Adjusted diluted EPS guidance was lifted to $10.65–$10.75 from $9.90–$10.10. Free cash flow guidance remained unchanged at greater than $600 million.

The company’s estimated backlog at the end of the quarter was approximately $22.1 billion, of which $3.8 billion was funded. Notable awards included a $400 million recompete contract supporting a U.S. Intelligence Agency and a $330 million contract for the U.S. Army.

What the Numbers Show

The divergence between top-line growth and bottom-line profitability persists. While revenue grew 6% year-over-year, adjusted EPS fell 17% over the same period. This suggests that despite higher sales inflow and improved operating margins, cost structures or other expenses expanded at a faster rate than revenue in the current quarter compared to the prior year, compressing profitability per share even as the company beat near-term analyst estimates on both metrics.

Science Applications International Corp. (NASDAQ: SAIC) announced on Aug. 10, 2026, that it has appointed David Benson and David Cush to its Board of Directors, effective immediately. The appointments expand the board to 12 members, injecting specialized expertise in financial leadership, capital allocation, and operational enterprise transformation to support the company’s strategy for long-term shareholder value.

Both new directors will serve on the Audit Committee. Additionally, David Benson will join the Human Resources and Compensation Committee, while David Cush will serve on the Nominating and Corporate Governance Committee. These committee assignments align with their respective professional backgrounds in corporate finance and large-scale organizational management.

New Director Profiles

David Benson brings over three decades of executive leadership experience in financial services, capital markets, and corporate finance. He most recently served as President of Fannie Mae from 2018 to 2024, where he oversaw revenue-generating businesses and corporate functions, managing more than $25 billion in annual revenue and approximately 8,000 employees. Prior to his role at Fannie Mae, which he joined in 2002, Benson spent 14 years in leadership positions within Merrill Lynch’s institutional fixed income businesses in New York and London.

David Cush offers more than 30 years of executive leadership and board experience across aviation, transportation, and asset-intensive industries. He most recently served as CEO and a member of the Board of Directors of Service King Collision from 2018 to 2022, leading the company through operational transformation and financial restructuring. From 2007 to 2016, Cush served as President, CEO, and a member of the Board of Directors of Virgin America, guiding the airline from its startup phase through its initial public offering and subsequent $4 billion acquisition by Alaska Airlines.

Strategic Context

Donna Morea, SAIC Board Chair, stated that the appointments enhance the board’s ability to oversee the company’s strategy to drive operational excellence, innovation, and long-term shareholder value. She noted that their track records in value creation and organizational transformation will provide valuable perspectives as SAIC advances its customers’ critical missions.

SAIC is a premier mission integrator with annual revenues of approximately $7.3 billion. The company employs approximately 23,000 people and operates across defense, space, civilian, and intelligence markets, providing secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services.