SAIC Q2 FY2027 Results and Market Reaction
Science Applications International Corp (SAIC), a Reston, Virginia‑based government technology integrator, reported second‑quarter fiscal‑year 2027 results that comfortably beat Wall Street expectations on both earnings and revenue. The company posted adjusted diluted earnings per share of $3.01, surpassing the consensus estimate of $2.31 by $0.70. Revenue for the quarter was $1.88 billion, ahead of the $1.76 billion forecast, representing approximately 6.3 % year‑over‑year growth.
In addition to the beat, SAIC raised its full‑year FY2027 guidance. The adjusted diluted EPS outlook was increased to a range of $10.65‑$10.75, up from the prior range of $9.90‑$10.10 and above the analyst consensus of $9.95. Revenue guidance was lifted to $7.20‑$7.30 billion.
CEO Jim Reagan said, "I am proud of our team’s performance this quarter, delivering solid organic growth and double‑digit margins as we continue to execute with discipline." Following the release, Jefferies upgraded its price target on SAIC to $130 from $115.
The market reaction was a 7.99 % rise in pre‑open trading, propelling the stock to a new 52‑week high of $130.98 during regular trading and $136.88 in pre‑market activity. Sector peers Leidos Holdings and Booz Allen Hamilton traded only marginally higher, indicating the catalyst was company‑specific.