SAIC

Science Applications International Corporation

Next est. report 2026-12-03 · BMO

Fiscal Spend Short '25: Non-Military Govt ContractsModern Warfare '26: Integrators Small Themes '24: IT

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Overview

Science Applications International Corporation (SAIC) is a U.S. government technology integrator, providing advanced technical, engineering, and IT solutions. I

Science Applications International Corporation (SAIC) is a U.S. government technology integrator, providing advanced technical, engineering, and IT solutions. It serves defense, intelligence, and civilian agencies with services like IT modernization, systems integration, and specialized engineering, increasingly focusing on integrating advanced technology and quantum solutions for critical missions. Its civil segment, with significant fixed-price contracts, contributes strongly to margins.

Key Inputs And Sourcing

1. Direct Labor

labor · U.S.-centric · 53-55%

Source SAIC is a 'labor-oriented business' with labor-related costs representing 53-55% of cost of revenues in fiscal years 2021-2023. Talent acquisition is largely U.S.-centric.

Confidence: high

2. Subcontractor Services

other · Primarily U.S. · 29%

Source Subcontractor-related costs were 29% of cost of revenues in fiscal years 2021-2023. SAIC focuses on consolidating suppliers and partners with small businesses for niche offerings.

Confidence: high

3. Materials and Hardware Components

component · Primarily U.S. · 8%

Source Supply chain materials-related costs were 8% of cost of revenues in fiscal years 2021-2023. This includes components for hardware-software integration, loitering munitions, radar modernization, and torpedo production support.

Confidence: high

4. Software Licenses & Development Tools

other · Global/U.S. · unknown

Source SAIC provides extensive IT solutions and utilizes advanced technology, including AI tools and software delivery platforms, often through partnerships or acquisitions.

Confidence: medium

5. Cloud Computing Services

other · Global (data centers) · unknown

Source SAIC helps customers move to the cloud and bolster cyber infrastructure, indicating significant internal and external use of cloud services.

Confidence: medium

6. Data Center Operations & Infrastructure

other · U.S. · unknown

Source SAIC provides enterprise IT solutions, requiring significant data center infrastructure and associated energy costs for its operations and client support.

Confidence: low

7. Logistics & Transportation Services

logistics · U.S. and overseas locations · unknown

Source SAIC provides logistics management for clients and has internal logistics needs for hardware delivery and operational support, including for C4ISR fielding and integration.

Confidence: medium

Industry Publications

Defense News (defensenews.com) — Monitors policy, procurement, and defense budget trends, as well as defense industrial base resilience and U.S. defense strategy, all of which directly impact SAIC's government contracting business.
Breaking Defense (breakingdefense.com) — Provides in-depth strategic and technological analysis of defense programs, AI-enabled systems, and emerging threats, frequently covering SAIC's contract awards, technology partnerships, and strategic initiatives in software, AI, and space.
National Defense Magazine (nationaldefensemagazine.org) — Offers authoritative coverage of business and technology trends in defense and homeland security, including defense budgets, military tactics, doctrine, and strategy, relevant to SAIC's work in emerging technologies, robotics, and autonomous systems.
Defense One (defenseone.com) — Delivers news, analysis, and ideas about the future of national security to defense and industry leaders, covering SAIC's digital transformation strategies, cyber operations, and acquisitions.
C4ISRNET (c4isrnet.com) — Focuses specifically on command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) systems, which is directly relevant to SAIC's core business of integrating such capabilities for various military branches.

Economic Data Watch

1. US Department of Defense (DoD) — Daily Contract Awards

Metric/field Total Value of Prime Contract Awards (USD billions)

Cadence daily

Why it matters Direct indicator of defense spending and allocation to integrators, signaling theme strengthening. SAIC's business is heavily reliant on these awards.

Signal to watch Sustained or increasing value indicates robust demand.

Confidence: high

2. FRED (Federal Reserve Economic Data) — Federal Government: Outlays: National Defense

Metric/field GFDEFN (Billions of Dollars, Seasonally Adjusted Annual Rate)

Cadence monthly

Why it matters Reflects the actual spending by the government on defense, which directly translates into revenue opportunities for contractors like SAIC. The transcript mentions an 'improving outlay environment'.

Signal to watch Increasing trend in outlays suggests a healthier funding environment.

Confidence: high

3. FRED (Federal Reserve Economic Data) — All Employees, Government: Federal Government: Non-Defense

Metric/field CES9091000001 (Thousands of Persons, Seasonally Adjusted)

Cadence monthly

Why it matters Civilian agencies are a significant customer for SAIC. Changes in federal civilian employment can indicate staffing levels and capacity for managing contracts, or demand for IT modernization services if internal capacity is low.

Signal to watch Stable or increasing employment suggests consistent operational capacity and potential for new projects.

Confidence: medium

4. Office of Management and Budget (OMB) / IT Dashboard — Federal IT Spending

Metric/field Total Federal IT Spending (USD billions) by Agency

Cadence annually

Why it matters SAIC provides extensive IT solutions. Tracking overall federal IT spending, especially by key agencies (DoD, DHS, NASA), indicates the budget available for SAIC's core services.

Signal to watch Increasing IT spending suggests a growing market for SAIC's services.

Confidence: high

5. FRED (Federal Reserve Economic Data) — Federal Surplus or Deficit

Metric/field FYFSD (Billions of Dollars, Not Seasonally Adjusted)

Cadence monthly

Why it matters The overall fiscal health of the U.S. government can influence future budget allocations and the willingness to fund new programs or expand existing ones, especially in an election year.

Signal to watch A narrowing deficit or surplus could indicate more fiscal flexibility for future spending.

Confidence: medium

Free Alt Data Watch

1. Google Trends — Web Search Interest

Metric/field Search Interest Index for 'AI in defense systems' (relative search volume)

Cadence weekly

Why it matters Reflects public and industry interest, indicating growing market awareness and potential demand for these technologies, which SAIC is investing in.

Signal to watch Sustained or increasing interest indicates a bullish trend for AI-driven defense solutions.

Confidence: high

2. USASpending.gov — Federal Contract Awards

Metric/field Total Obligated Amount for SAIC (Recipient DUNS/UEI)

Cadence daily

Why it matters Provides direct, public data on SAIC's contract wins and funding, offering transparency into their business performance.

Signal to watch Increasing obligated amounts indicate strong contract execution and new business.

Confidence: high

3. SAM.gov (System for Award Management) — Contract Opportunities

Metric/field Count of new 'Pre-solicitation' and 'Solicitation' notices for NAICS 541512 and 541715

Cadence daily

Why it matters Indicates the pipeline of upcoming government work relevant to SAIC's services. The transcript mentions 'slower RFPs and awards'.

Signal to watch Increasing count suggests a healthier future bidding environment.

Confidence: high

4. Reddit (via public API or manual scrape) — Subreddit Activity

Metric/field Daily/Weekly count of posts and comments containing 'AI in Defense' or 'military AI' in r/CredibleDefense

Cadence daily

Why it matters Reflects community discussion and sentiment around key technological trends relevant to SAIC's strategic focus.

Signal to watch Increasing volume and positive sentiment suggest growing interest and perceived importance.

Confidence: medium

5. Bureau of Labor Statistics (BLS) — Job Openings and Labor Turnover Survey (JOLTS)

Metric/field Job Openings Level, Government, Federal (JTS000000000000000JO)

Cadence monthly

Why it matters High job openings in the federal government could indicate staffing shortages, leading to increased outsourcing opportunities for contractors like SAIC.

Signal to watch Sustained high job openings could signal continued demand for external support.

Confidence: medium

Paid Alt Data Watch

1. Bloomberg Government (BGOV) — Government Contracting Intelligence

Metric/field SAIC's 'Total Contract Value in Pipeline' and 'Awarded Contract Value' (by agency/NAICS)

Cadence daily

Why it matters Provides comprehensive, granular data on SAIC's specific contract opportunities, awards, and competitive landscape.

Signal to watch Growth in pipeline and awarded value indicates strong business development and win rates.

Confidence: high

2. GovWin IQ (Deltek) — Government Contracting Market Intelligence

Metric/field SAIC's 'Recompete Win Rate' and 'New Business Submission Volume' (by value/count)

Cadence quarterly

Why it matters Directly tracks SAIC's performance in securing existing and new contracts, which is a key focus for management. The transcript mentions recompete win rates and submission plans.

Signal to watch Recompete win rates above 90% and increasing submission volume are bullish.

Confidence: high

3. Revelio Labs — Workforce Intelligence

Metric/field SAIC's 'Total Employee Count (YoY % change)' and 'AI/ML Engineer Headcount (YoY % change)'

Cadence monthly

Why it matters Indicates SAIC's ability to attract and retain talent, particularly in critical areas like AI, which is essential for growth and project execution.

Signal to watch Positive employee growth, especially in specialized tech roles, suggests strong demand and investment.

Confidence: high

4. Maxar Technologies / Planet Labs — High-Resolution Satellite Imagery

Metric/field Change in 'Vehicle Count' and 'Construction Activity' at SAIC's key operational/integration facilities

Cadence weekly

Why it matters Provides objective, real-time insights into operational tempo and investment in physical infrastructure, especially for hardware integration or large project sites.

Signal to watch Increased activity suggests higher project volumes or expansion.

Confidence: medium

5. Thinknum Alternative Data — Job Postings

Metric/field SAIC's 'Total Job Postings (YoY % change)' and 'Job Postings for Cleared Personnel' (by security clearance level)

Cadence daily

Why it matters Reflects SAIC's hiring demand and growth expectations, particularly for cleared personnel crucial for government contracts.

Signal to watch Increasing job postings, especially for cleared roles, indicates strong demand and future project growth.

Confidence: high

Search Keywords Brand Product

quantum solutions
Agentic AI tools
Project Orbit
government IT solutions
defense technology integration
AI in national security
space superiority market
border security programs
enterprise transformation
fixed-price government contracts

Search Keywords Event Phrases

SAIC Q2 FY27 earnings
SAIC Project Orbit update
SAIC portfolio review

Search Keywords Policy Regulatory

FY27 defense budget
National Defense Authorization Act
continuing resolution

What They Do (Plain English & Analogies): SAIC is like a high-tech problem solver for the U.S. government. Imagine the government has really complex challenges, from making sure soldiers have the best technology to keeping critical computer systems safe. SAIC steps in and provides the brainpower and technical know-how to design, build, and manage these solutions. They handle everything from creating advanced software that uses artificial intelligence to helping maintain sophisticated military equipment like torpedoes and radars, or even managing the entire IT network for a government agency. They essentially act as a trusted partner, bringing cutting-edge technology and engineering expertise to help the government achieve its most important missions, whether it's in defense, intelligence, or civilian operations. The company excels at integrating advanced technology with deep domain expertise to deliver mission-critical outcomes.
"Street Stereotype": The "street stereotype" for SAIC is that of a company with a strong foundation and operational excellence, particularly in maintaining margins and cash flow, but one that has faced challenges in achieving consistent organic growth. Management has acknowledged the need to "regain trust by proving that we can grow organically on a sustained basis." There is a perception of strong execution and delivery of critical capabilities, coupled with a recognition that the company is strategically refining its portfolio, moving away from commoditized enterprise IT to more differentiated, mission-critical areas to drive future growth.
Subsidiaries On Linked In*: {"subsidiaries":[]}
Customer Sectors & Example Clients: SAIC's customers are primarily in the U.S. government sector, including: * **Defense:** All branches of the U.S. military (Army, Air Force, Navy, Marines, Coast Guard) and Department of Defense (DoD) agencies. Specific mentions include supporting hardware-software integration for the Army and intel space awards. * **Intelligence Community:** Various intelligence community organizations, with recent significant intel space awards. * **Civilian Agencies:** Key federal civilian agencies and departments such as the National Aeronautics and Space Administration (NASA), U.S. Department of State (e.g., Vanguard/Evolve program), Department of Justice (DOJ), Department of Homeland Security (DHS), including Customs and Border Protection (CBP) and Immigration and Customs Enforcement (ICE). Recent wins include a critical border security program recompete and a successful DHS recompete. * **State and Local Government:** SAIC also serves state and local government agencies.
New Customers / Segments They'Re Targeting: SAIC is not necessarily targeting entirely new *types* of customers but is sharpening its focus within its existing U.S. government client base. The company is undergoing a portfolio and strategy review to identify areas of "strongest right to win and greatest growth potential," which involves doubling down and investing in critical mission areas. This includes a focus on fewer, more "mission-oriented pursuits" and high-value engineering work, particularly in the intelligence and space markets, as evidenced by $1.6 billion in intel space awards in the first half of the fiscal year. They are also investing in emerging technologies like quantum solutions to address new mission challenges. The company is also preparing for a shift towards more outcome-oriented fixed-price contracts, especially in defense and intelligence, which traditionally have been more cost-plus.
Sales Geographies And Expansion Plans: SAIC primarily sells its services and solutions to U.S. government entities, including federal, state, and local agencies. This means their sales geographies are predominantly within the United States. While some of their work, such as supporting the Department of State's global IT infrastructure (Vanguard/Evolve program), has an international reach in terms of deployment, the direct sales and client relationships are with the U.S. government. The company's expansion plans are more focused on expanding capabilities and market share within its existing customer base and high-value mission areas rather than into new geographical regions outside of the U.S. government market.
How Key Themes May Help/Hurt: SAIC is well-positioned to benefit from the "Modern Warfare '26: Integrators" theme. * **Help:** The theme emphasizes a massive fiscal realignment towards defense spending, particularly for advanced technology and multi-domain integration, which directly aligns with SAIC's focus on high-value engineering, AI-driven solutions, and mission-critical capabilities. SAIC's role in building ground systems, data pipelines, and AI/analytics platforms to turn multi-source sensor feeds into actionable intelligence is a direct fit for the theme's focus on modern surveillance (ISR). Investments in quantum solutions and Agentic AI tools also align with the theme's emphasis on AI and emerging warfare vectors. The urgent re-industrialization effort and demand for integrated defense systems will likely drive significant contract awards, benefiting integrators like SAIC. * **Hurt:** While the theme is bullish, SAIC could be hurt by potential legislative conflicts and budgetary uncertainties, such as continuing resolutions, which can delay program funding and new starts. The shift towards more complex, fixed-price contracts, while offering margin upside, also shifts execution and cost overrun risks to integrators. Intense competition from other integrators and the government's historical ambivalence about insourcing critical capabilities could also pose challenges.

3 Main Long-Term Bull Details

Strategic Portfolio Realignment towards High-Value, Mission-Critical Capabilities: SAIC is actively refining its portfolio to focus on integrated mission-critical capabilities, moving away from commoditized enterprise IT. This includes increased investment in mission and engineering businesses, next-generation command and control, radar modernization, loitering munitions, and autonomous systems, which are areas of growing customer demand and budget priority within the U.S. government. The company's focus on "fewer mission oriented pursuits" and "high value engineering work" in intel space demonstrates this shift.
Leadership in AI and Quantum Integration for Defense and Intelligence: SAIC is strategically positioned to capitalize on the increasing demand for AI and emerging technologies like quantum in defense by focusing on integrating and operationalizing these capabilities in real-world missions. Their work in modernizing legacy code, enhancing human-machine teaming, strengthening data fusion, and hardening cyber defenses with AI, along with investments in quantum solutions, addresses critical national security challenges and aligns with customer demand for more capability and capacity.
Strong Operational Execution and Financial Discipline with Project Orbit: The company has demonstrated a consistent ability to deliver strong margins and industry-leading cash flow. Initiatives like "Project Orbit" are designed to drive structural change, enhance cost efficiency, and free up investment capacity, supporting sustained growth and value creation for stakeholders, with an expected $150 million in annual run rate savings by the end of the 3-year implementation period. This operational excellence, combined with robust free cash flow generation (outlook >$600M), provides ample capital for strategic growth and shareholder returns.

3 Main Long-Term Bear Details

Challenges with Organic Growth and Recompete Headwinds: Despite recent modest organic growth, management acknowledges a multi-quarter journey to regain trust by proving sustained organic growth. The company faces recompete headwinds, notably the $200 million RITS contract rolling off in Q3 FY27, which is projected to create a 350-basis-point headwind in the second half of FY27. The competitive nature of some government contracts, particularly in commoditized IT areas, can make consistent growth difficult.
Budgetary Uncertainty and Political Environment: While defense spending is increasing, the U.S. government budget process can be subject to legislative conflicts, continuing resolutions (a CR is assumed for the start of the next fiscal year), and political uncertainties (e.g., an election year), which can lead to uneven appropriations flow and potential delays in contract awards, impacting revenue predictability.
Intense Competition and Commoditization Pressure: SAIC operates in a highly competitive government contracting market. While they are actively shifting away from commoditized enterprise IT, the pressure to compete on price in certain segments remains, and larger defense primes or more specialized niche players could pose ongoing competitive threats. The slower RFP and award environment, partly due to procurement offices trying to do more with less, also indicates ongoing competitive and market pressures.

Competitors And Differentiation: SAIC operates in a highly competitive government contracting market. While specific competitor names are not explicitly listed in the transcript, the broader "Modern Warfare '26: Integrators" theme mentions companies like Leidos (LDOS), Parsons (PSN), L3Harris (LHX), CACI (CACI), Booz Allen Hamilton (BAH), and Palantir (PLTR) as integrators in similar spaces. SAIC differentiates itself by: * **Mission Integration Expertise:** Excelling at integrating advanced technology with deep domain expertise to deliver mission-critical outcomes across intelligence, defense, and civilian markets. * **Strategic Portfolio Realignment:** Actively shifting away from commoditized enterprise IT to focus on higher-value, differentiated mission and engineering businesses, where customer loyalties are more focused on execution and innovation. * **Investment in Emerging Technologies:** Making investments in areas like quantum solutions and responsibly deploying Agentic AI tools to scale capacity and address new mission challenges. * **Operational Efficiency:** Implementing initiatives like "Project Orbit" to drive structural change, improve procurement, recruiting, and mission delivery processes, aiming for sustained margin improvement and investment capacity. * **Strong Recompete Win Rates:** Achieving recompete win rates of over 90%, indicating customer trust and strong program performance.
Recent Performance & What The Market'S Focused On: SAIC reported strong Q2 FY27 results, with revenue of $1.9 billion, representing organic growth of approximately 5%, which was ahead of expectations. Adjusted EBITDA was $193 million, with margins of 10.3%, reflecting strong program execution and cost efficiency. Adjusted diluted EPS was $3.01, and free cash flow was $131 million. The company raised its fiscal year 2027 guidance for revenue, EBITDA, and EPS, with revenue guidance increasing by 2% to a midpoint of $7.25 billion (implying organic contraction of 2% to flat due to the RITS contract roll-off). Adjusted EBITDA guidance was raised by 4% at the midpoint, implying margins of 10.3% to 10.5%. Free cash flow is still expected to be at least $600 million. The market is focused on: * **Sustained Organic Growth:** Proving the ability to achieve sustained positive organic growth despite recompete headwinds, particularly the RITS contract roll-off. * **Project Orbit and Portfolio Review Execution:** The successful implementation of Project Orbit to drive cost savings and margin expansion, and the outcomes of the portfolio review to accelerate growth in targeted mission-critical and AI-driven capabilities. * **Book-to-Bill Ratio:** The book-to-bill ratio was 0.6x for the quarter and 0.8x on a trailing 12-month basis, impacted by large opportunities slipping and a recompete award booking two days after the quarter closed. The market will be watching for an improvement in book-to-bill as submissions increase. * **Civil Segment Margins:** Sustaining the strong adjusted EBITDA margins in the Civil segment. * **Fixed-Price Contracting Shift:** The pace and impact of the shift towards more fixed-price contracts, particularly in defense and intelligence, and its potential for margin expansion.

Revenue Segments And Estimated Mix: Defense and Intelligence — Mix: Significant share; Source: Q1 FY27 earnings transcript, Q2 FY27 earnings transcript; Trend: Consistently improving margin rate performance over last 3-5 years; Navy business growing nicely. Booked $1.6 billion of intel space awards in H1 FY27. Defense and intel customers are slower to move to fixed-price contracts compared to civil customers.
Civilian — Mix: Significant share; Source: Q1 FY27 earnings transcript, Q2 FY27 earnings transcript; Trend: Q1 FY27 margin at 15%, up from 12-12.5% a few years ago; strong performer, operating from position of strength. Civil customers are traditionally more comfortable with fixed-price and outcome-oriented contracts.
Product Brands: {"brands":[]}

Bull / Bear Details

SAIC, a leading integrator in modern warfare, is successfully executing its strategic shift towards high-value, AI-driven, and quantum-enabled multi-domain solu

Thesis

SAIC, a leading integrator in modern warfare, is successfully executing its strategic shift towards high-value, AI-driven, and quantum-enabled multi-domain solutions for defense and civilian agencies. Strong Q2 FY27 operational performance, including 5% organic growth and robust cash flow, supports a compelling bullish outlook. Project Orbit's implementation and a pipeline inflecting towards fixed-price contracts are set to drive sustained organic growth and margin expansion, despite ongoing procurement unevenness and near-term recompete headwinds. Updated: 2026-09-01.

Bull case

SAIC's Q2 FY27 organic growth of 5% significantly exceeded expectations, demonstrating positive momentum and validating the strategic shift to higher-value mission and engineering businesses. The company's recompete win rate of over 90% in the quarter and strong intel space awards ($1.6 billion in H1 FY27) further de-risk revenue and position SAIC for sustained growth in differentiated areas.
SAIC delivered double-digit adjusted EBITDA margins (10.3% in Q2) and robust free cash flow ($131 million), leading to raised FY27 guidance for revenue, EBITDA, and EPS. Project Orbit, now in its implementation phase, targets $150 million in annual run-rate savings, with two-thirds reinvested, and aims for mid-10s margins next year, with a path to 11% by FY30, signaling structural margin improvement.
SAIC is expanding its leadership in integrating advanced technologies like AI and quantum solutions for critical missions, including deploying Agentic AI tools to scale capacity without adding headcount. The pipeline is inflecting to one-third fixed-price contracts, a material shift that, combined with the Civil segment's strong margins on FFP work, provides an incremental lever for future margin expansion.

Bear case

SAIC still faces near-term organic growth challenges, including a projected 350-basis-point headwind in H2 FY27 from the RITS contract roll-off. The quarterly book-to-bill of 0.6x (0.8x on a trailing 12-month basis) indicates ongoing pressure on new business, despite a large recompete award slipping just after quarter-end, suggesting continued unevenness in award activity.
The broader procurement environment remains uneven, with slower RFPs and awards due to government offices 'doing more with less' and implementing new fixed-price directives. Management assumes no material improvement in the contracting environment for the rest of FY27 and anticipates starting FY28 with a continuing resolution, creating budget uncertainty.
While Project Orbit and the portfolio review are positive, their successful execution over a multi-year horizon, particularly in a labor-oriented business, carries inherent risks. The strategic shift requires careful management to ensure new high-value wins materialize as anticipated amidst intense competition and the government's evolving contracting preferences.

Bull / Bear Case

Bear Case: Despite recent positive performance, SAIC faces near-term organic growth challenges, including a projected 350-basis-point headwind in H2 FY27 from the RITS contract roll-off. The quarterly book-to-bill of 0.6x (0.8x TTM) indicates ongoing pressure on new business, exacerbated by an uneven procurement environment with slower RFPs and awards due to government offices "doing more with less" and new fixed-price directives. Management anticipates no material improvement in contracting for the rest of FY27 and expects a continuing resolution for FY28. The multi-year execution of Project Orbit and portfolio review in a labor-oriented business carries inherent risks, and margins are expected to step down in H2 FY27 due to targeted investments.
Bull Case: SAIC's Q2 FY27 organic growth of 5% and robust free cash flow generation, alongside raised FY27 guidance, underscore successful execution of its strategic shift towards high-value mission and engineering businesses. The company boasts a recompete win rate over 90% and secured $1.6 billion in intel space awards in H1 FY27, de-risking future revenue. Project Orbit, now in implementation, targets $150 million in annual run-rate savings, aiming for mid-10s margins by FY28 and 11% by FY30, signaling structural margin improvement. Furthermore, the pipeline's inflection to one-third fixed-price contracts, combined with SAIC's leadership in AI and quantum solutions, provides incremental levers for future growth and margin expansion.
More Compelling & Why: Bull. SAIC's forward P/E of 13.34x is below the sector median, making it reasonably valued given its strong Q2 organic growth of 5% and raised FY27 guidance. The most compelling argument is the tangible progress on strategic initiatives like Project Orbit and the shift to high-value, fixed-price contracts, which are set to drive structural margin expansion and sustained growth. My view would flip if the book-to-bill ratio consistently remains below 1.0x, indicating a failure to convert pipeline into new business, or if Project Orbit fails to deliver its promised margin improvements.

Key Factors5 rows

Key Factor	Why It Matters	What To Watch	What It Signals	Where/How To Track	Free Alt Data	Paid Alt Data
Recompete Win Rate & Key Recompete Awards	High recompete win rates are fundamental to maintaining SAIC's revenue base and demonstrating customer trust. Sustaining a rate above 90% is critical for offsetting headwinds and enabling new business growth.	SAIC's reported recompete win rate in Q3 FY27. Announcements of specific large recompete awards, such as the border security program mentioned as won post-Q2.	Bullish: Recompete win rates remain at or above 90%. Bullish: Specific announcements of large, previously delayed recompete awards. Bearish: Recompete win rates fall below 90% or significant recompetes are publicly lost.	SAIC's Q3 FY27 earnings release and conference call transcript (expected in December 2026). Company press releases.	Federal Procurement Data System (FPDS-NG): Search for SAIC contract modifications and recompete awards.	Deltek GovWin IQ: Detailed recompete tracking and win/loss analysis for government contracts.
Organic Revenue Growth Rate & Full-Year Guidance	Organic growth is paramount for investor confidence, signaling effective execution of SAIC's strategic shift to higher-value mission and engineering businesses. Sustained positive growth validates the company's ability to overcome recompete headwinds and expand its market share.	SAIC's reported organic revenue growth for Q3 FY27. Management's updated full-year FY27 organic revenue guidance. Specifically, watch for on-contract growth (OCG) in Q3/Q4, and if it exceeds the 5% modeled.	Bullish: Q3 FY27 organic growth is positive, and/or full-year guidance is raised to positive growth. Bullish: Q3/Q4 OCG exceeds 5%. Bearish: Q3 organic growth is negative, or full-year guidance is lowered.	SAIC's Q3 FY27 earnings release and conference call transcript (expected in December 2026).	USASpending.gov: Government contract awards to SAIC, tracking new contract values and modifications.	Bloomberg Government: Contract award data, budget analysis, and legislative tracking for defense spending.
Portfolio and Strategy Review Outcomes (December Earnings Call)	The December earnings call will unveil SAIC's refined strategic direction, including M&A and investment priorities. This clarity is essential for investors to assess future growth avenues and the company's competitive positioning.	The specific details shared during the December earnings call regarding the portfolio and strategy review, including any announced M&A activities, divestitures, or new strategic investment areas.	Bullish: Announcement of accretive M&A or clear strategic shifts that align with high-value, mission-critical areas and are expected to accelerate growth and margins. Bearish: Lack of concrete actions, unclear strategic direction, or M&A/divestitures perceived as dilutive.	SAIC's Q3 FY27 earnings release and conference call transcript (expected in December 2026). Company press releases.	SEC Filings (8-K, 10-Q): For material M&A announcements or significant strategic shifts.	FactSet M&A database: Tracking defense sector M&A activity and SAIC's involvement.
Net Book-to-Bill Ratio (Quarterly & TTM)	This ratio is a crucial forward-looking indicator, reflecting SAIC's success in winning new business and replenishing its backlog. A strong book-to-bill ratio demonstrates robust demand and future revenue potential, especially after recent delays.	SAIC's reported net book-to-bill ratio for Q3 FY27 and the trailing 12-month period. Specifically, observe if the delayed large recompete awards from Q2 are reflected in Q3 bookings.	Bullish: Q3 FY27 book-to-bill is at or above 1.0x, particularly if it includes previously delayed awards. Bullish: Trailing 12-month book-to-bill approaches or exceeds 1.0x. Bearish: Q3 book-to-bill remains significantly below 1.0x.	SAIC's Q3 FY27 earnings release and conference call transcript (expected in December 2026).	GovWin IQ (Deltek): Government contract opportunities and awards, tracking SAIC's bid activity and wins.	TTM Technologies: Government contract intelligence and market analytics for defense contractors.
Project Orbit Implementation Progress & Margin Trajectory	Project Orbit is SAIC's core initiative for structural efficiency and margin expansion, creating investment capacity for growth. Tangible progress and sustained margin improvement are vital for long-term value creation.	Updates on Project Orbit's implementation, including specific 'quick wins' and progress towards the $150 million annual run-rate savings. Monitor actual adjusted EBITDA margin for H2 FY27.	Bullish: Management reports concrete 'quick wins' from Project Orbit. Bullish: H2 FY27 adjusted EBITDA margin exceeds the high-9% range. Bullish: Reiteration or upward revision of mid-10s margins for FY28 and 11% by FY30. Bearish: Delays in Orbit implementation or downward revision of margin targets.	SAIC's Q3 FY27 earnings release and conference call transcript (expected in December 2026).	SAIC Investor Relations website: Review investor presentations for Project Orbit updates.	Thinknum Alternative Data: SAIC job postings for 'operational efficiency' or 'process improvement' roles, indicating internal investment.

Key Reported Metrics, Reratings Triggers & ResultsTable

Robust free cash flow generation is essential for funding growth initiatives, deleveraging, and shareholder returns, demonstrating financial health and operatio

Last reported · 2026-08-31

Key reported metrics			Rerating thresholds			Earnings results
Metric	Last period	Why it matters	What's needed for rerating	Rerating context	Earnings date	Actual reported	Hit target?	Notes
Free Cash Flow Growth Rate	declined 13%	Robust free cash flow generation is essential for funding growth initiatives, deleveraging, and shareholder returns, demonstrating financial health and operational efficiency.

Key Questions

Can SAIC exceed its implied second-half FY27 organic revenue contraction, driven by stronger-than-expected on-contract growth and an improvement in its book-to-

Can SAIC exceed its implied second-half FY27 organic revenue contraction, driven by stronger-than-expected on-contract growth and an improvement in its book-to-bill ratio, despite the significant RITS contract headwind?

Question 2: Will Project Orbit's implementation deliver tangible 'quick wins' and provide clear evidence of a non-linear path to mid-10s margins in FY28 and 11% by FY30, particularly as targeted investments are made in the second half of FY27?
Question 3: Will the December earnings call provide concrete details on SAIC's portfolio and strategy review, including accretive M&A or divestitures, that clearly accelerate the strategic shift towards high-value, AI-driven, and fixed-price contracts, thereby enhancing future growth and margins?

Earnings Transcript Summary2 rows

2026-08-31 · 2027Q2 Earnings Call

3 Things Management Is Most Focused On	Call Takeaway & Tone	Prior Quarter'S Y/Y Growth By Segment	3 Things Analysts Most Pressed On (And Mgmt Responses)	Revenue Segments
3 Things Management Is Most Focused On1. Driving Operational Efficiency and Program Performance: Management is focused on driving program performance and operational efficiency, which has resulted in organic growth, double-digit margins, and robust free cash flow. This includes a disciplined bidding approach and execution excellence, leading to a recompete win rate of over 90%. 2. Transforming the Enterprise with Project Orbit: A major focus is the implementation of 'Project Orbit,' an initiative aimed at building a stronger, more agile company by optimizing resources, streamlining processes, and investing in growth-oriented areas to achieve sustained margin improvement. 3. Strategic Portfolio Review and Growth Investments: Management is conducting a portfolio and strategy review to identify areas of strongest competitive advantage and greatest growth potential, including evaluating M&A opportunities to implement their strategy.	Call Takeaway & ToneThe overall takeaway of the call was cautiously optimistic. Management reported strong second-quarter results, exceeding expectations with 5% organic growth and double-digit margins, driven by solid program execution and cost efficiency. They expressed confidence in their strategic initiatives, 'Project Orbit' and the portfolio review, to drive future growth and margin expansion. However, a cautious tone was maintained regarding the broader procurement environment, noting slower RFPs and awards, and the expectation of a continuing resolution to start the next fiscal year. Despite these external challenges, management conveyed confidence in their ability to deliver on commitments and create value for stakeholders.	Prior Quarter'S Y/Y Growth By SegmentFor the fiscal first quarter of 2027 (Q1 FY27), SAIC reported an overall organic revenue growth of 0.5%. Specific year-over-year growth percentages for individual revenue segments were not explicitly detailed in the available Q1 FY27 earnings information.	3 Things Analysts Most Pressed On (And Mgmt Responses)1. Organic Growth and On-Contract Growth (OCG) Outlook: Analysts questioned the sustainability of the strong on-contract growth (9% in Q2) and the assumptions for the second half of the year. Management responded that OCG was roughly double what they saw last year, was broad-based, and they expect it to continue at about a 5% clip in the second half. They noted that about half of this year's OCG comes from programs won in FY25 and FY26 that ramped slowly. 2. Project Orbit's Impact and Margin Trajectory: Analysts pressed for details on Project Orbit, its expected $150 million in savings, and how it would drive efficiency in a labor-oriented business, as well as the non-linearity of margin improvement. Management explained that Orbit is a structural, fundamental transformation to make the business run smoother and more efficiently, not just a cost-cutting exercise. They anticipate $150 million in annual run rate savings by the end of the 3-year implementation, with two-thirds reinvested, aiming for mid-10s margins next year and a path to 11% by FY2030, acknowledging it might not be linear. 3. Shift to Fixed-Price Contracting and Margin Implications: Analysts inquired about the industry's move towards fixed-price contracting and its potential impact on SAIC's margins and pipeline. Management stated that fixed-price contracts currently represent 15% to 18% of sales, but the pipeline is inflecting to about one-third fixed price. They believe this shift, particularly if they win their share of new work, should be an incremental lever for margin expansion downstream, noting that their civil business, which has significant fixed-price exposure, runs north of 15% EBITDA margins.	Revenue SegmentsSAIC reported overall organic revenue growth of approximately 5% for the second quarter of fiscal year 2027. This growth was broadly based and included approximately 1% from unplanned material purchases that are not expected to recur. Specific year-over-year growth percentages for individual revenue segments were not provided in the transcript.

2026-06-01 · 2027Q1 Earnings Call

3 Things Management Is Most Focused On	Call Takeaway & Tone	Prior Quarter'S Y/Y Growth By Segment	3 Things Analysts Most Pressed On (And Mgmt Responses)	Revenue Segments
3 Things Management Is Most Focused On1. Regaining Trust and Sustained Organic Growth: Management is focused on proving the company can grow organically on a sustained basis to regain shareholder trust, acknowledging this is a multi-quarter journey. 2. Portfolio Realignment and Strategic Focus: A key focus is a portfolio review to build a premier portfolio of integrated mission-critical capabilities, moving away from commoditized enterprise IT and emphasizing mission and engineering businesses, while evaluating potential additions and subtractions. 3. Operational Excellence, Margin Expansion, and Cash Flow Generation: Management is committed to sustaining strong margins and industry-leading cash flow through disciplined execution and ongoing cost efficiency efforts, including initiatives like 'Project Orbit' to free up investment capacity.	Call Takeaway & ToneThe overall takeaway of the call was cautiously optimistic. Management reported a better-than-expected start to the fiscal year with modest organic growth and record margins, driven by strong execution and cost efficiency. They are strategically focused on portfolio realignment towards mission-critical capabilities and away from commoditized IT, while also investing in high-priority areas like AI and autonomous systems. Despite the strong Q1, management maintained a cautious tone regarding full-year revenue guidance due to ongoing uncertainties and recompete headwinds, though they hinted at potential upside. The tone was confident in operational execution and long-term strategy, but prudent about near-term market dynamics.	Prior Quarter'S Y/Y Growth By SegmentFor the fiscal fourth quarter of 2026 (Q4 FY26), SAIC reported an overall organic revenue contraction of approximately 6% year-over-year. Specific segment-level year-over-year growth figures were not explicitly detailed in the available Q4 FY26 earnings information.	3 Things Analysts Most Pressed On (And Mgmt Responses)1. Organic Growth Outlook and Full-Year Guidance: Analysts questioned the full-year negative organic growth guidance (-2% to -4%) given the strong Q1 organic growth of 0.5%. Management responded by acknowledging the strong Q1 performance and tough prior-year comparisons, but maintained a cautious stance due to past volatility and remaining uncertainties. They qualitatively nudged up the expectation for full-year revenue to be closer to or slightly above the midpoint of the guidance range and stated they would revisit the guidance in Q2. 2. Portfolio Review and Potential Additions/Subtractions: Analysts sought more detail on the announced portfolio review. Management explained that the review is part of a broader strategic focus to align with customer needs for speed and agility, moving away from commoditized enterprise IT, and ensuring investments (organic, bid pipeline, M&A) support this refined strategy. 3. Civil Segment Margins and Sustainability: Analysts inquired about the exceptionally strong civil segment margins (15%) and whether this level of profitability is sustainable. Management attributed the performance to broad-based outperformance and the civil business's predominantly fixed-price and T&M contracts, which offer more levers for margin management. They stated the long-term expectation is to drive this portfolio to mid-to-upper tens (around 10-11%) over time, balancing it with necessary business investments.	Revenue SegmentsThe company reported overall organic revenue growth of 0.5% for the fiscal first quarter of 2027. Specific year-over-year growth percentages for individual revenue segments were not provided in the transcript for the current quarter. Management noted that mission and engineering businesses are outgrowing the rest of the portfolio, and the civil segment is operating from a position of strength.

Transcript Tidbits2 rows

2026-08-31

About Expanding Eligible Market	About Competition	About The Broader Industry	Where Things Are Headed	Updates On Theme	Broader Themes Emerging	Bullish-Leaning Quotes (Short)	Bearish-Leaning Quotes (Short)	Hiring
About Expanding Eligible MarketSAIC booked $1.6 billion of intel space awards in the first half of this fiscal year, which is well ahead of recent trends. The company secured a recompete win to support hardware-software integration and interoperability for the Army, and a significant recompete for a critical border security program after the quarter closed. These wins, combined with a successful DHS recompete, extend SAIC's role in delivering integrated software-hardware solutions for national security missions. Investments in quantum solutions are bridging the gap between critical technologies and practical mission applications, with quantum expected to create new mission challenges similar to AI. The company's portfolio and strategy review is focused on doubling down and investing to grow critical mission areas, as well as pursuing new ones, including M&A opportunities. The pipeline is inflecting, with about one-third being fixed-price contracts, which is seen as a material change that could be an incremental lever for margin expansion if SAIC takes on the right kinds of fixed-price work and executes well. This shift towards outcome-oriented fixed-price contracts is observed broadly across defense, intel, and civilian customers.	About CompetitionSAIC achieved a recompete win rate of over 90% in the quarter, which creates an easier path to on-contract growth and helps capture the benefits of new business where win rates are within the target range. This reflects a more disciplined bidding approach, focusing on fewer mission-oriented pursuits. The company expects to invest approximately two-thirds of the $150 million in annual run-rate savings from Project Orbit back into the business to expand capacity and become more competitive. New business win rates are expected to be at or above 30%, which management believes is the right place to be for growing the business in areas where customers reward good performance.	About The Broader IndustryThe procurement environment has shown some unevenness, with large opportunities slipping to the right as procurement offices aim to do more with less while implementing new guidelines, including fixed-price directives. This has led to slower RFPs and awards, driving contract extensions and increased ceiling utilization. The outlay environment has been gradually improving, with a typical 3- to 4-month lag before outlays convert into revenue. However, the RFP process is still experiencing fits and starts, lacking seamless regularity due to government customers being impacted by personnel changes. SAIC is currently assuming no material improvement in the contracting environment for the remainder of the year, hoping for a better outlook next year. The company's base case is to start the fiscal year with a continuing resolution (CR), but management believes they do not need a trillion-dollar budget to grow the business, focusing instead on opportunities within the current budget.	Where Things Are HeadedSAIC is committed to building on its identity by investing in enhanced capability, capacity, and speed. Project Orbit, a transformation initiative, is moving into its implementation phase, aiming for quick wins initially to fuel investment for bigger changes over a three-year horizon. This includes fundamentally rethinking procurement processes and deploying Agentic AI tools to scale capacity without adding headcount. The company's portfolio and strategy review, to be shared in more detail on the December earnings call, is about sharpening its direction and doubling down on critical mission areas, including M&A. Fiscal year 2027 is a year of commitment to achieving targets, with fiscal year 2028 slated for the implementation of Orbit and Strategy projects. The objective is to achieve stronger growth next year, with recompete win rates targeted at or above 90% and new business win rates at or above 30%. SAIC aims for mid-10s margins next year, with a path to approximately 11% margin in fiscal year 2030 as Orbit benefits materialize, though the margin trajectory may not be linear. The company is also proactively training teams on fixed-price contracting and commercial delivery models to prepare for a longer-term industry shift towards outcome-oriented fixed-price work.	Updates On ThemeSAIC	Broader Themes EmergingQuantum computing is emerging as a new mission challenge, similar to AI, that SAIC is preparing to address. The adoption of 'Agentic AI' tools is a broader theme, enabling capacity scaling without adding headcount across various functions. There is a real and ongoing broader market shift towards more outcome-oriented fixed-price contracts across the government. Additionally, broader themes include the increasing adoption and operationalization of AI in defense, the re-industrialization of the defense industrial base through domestic production lines for critical systems, and the convergence of different operational domains at the data layer.	Bullish-Leaning Quotes (Short)Our results this quarter are a testament to our employees' relentless commitment to our customers' most critical missions. We built on our momentum this quarter with performance once again ahead of our expectations. Our recompete win rate of over 90% in this quarter creating an easier path to on contract growth. We booked $1.6 billion of intel space awards in the first half of this fiscal year well ahead of our recent trends. We are raising our fiscal year 2027 guidance for revenue, EBITDA, and EPS. We reported second quarter revenue of $1.9 billion representing organic growth of approximately 5%. Free cash flow was $131 million in the quarter, another strong result as we maintain peer leading cash conversion. On contract growth, or OCG, of 9% was well ahead of our plan. Our internal aspirations are higher, Sheila. This gives us an opportunity to invest in growing the business.	Bearish-Leaning Quotes (Short)While award activity reflected some unevenness in the procurement environment. We have seen some large opportunities slip to the right as procurement offices try to do more with less. This resulted in a quarterly book to bill of 0.6x or 0.8x on a trailing 12 month basis. The implied second half contraction reflects the RITS contract rolling off creating an approximately 350-basis-point headwind in the second half. We expect margins to step down in the second half to the high-9% range. The RFP process is still moving in fits and starts. We are right now assuming that nothing gets better materially in any sense for the remainder of this year. Our base case is that we will start the year with a CR.	HiringIn the recruiting function, a new onboarding system is being implemented as part of Project Orbit, designed to shrink the time between recruiting a candidate and putting them on a contract to protect revenue and serve customers faster. Agentic AI tools are expected to scale capacity without adding headcount. In a predominantly labor-oriented business, the company anticipates a little bit of top-line compression.

2026-06-01

About Expanding Eligible Market	About Competition	About The Broader Industry	Where Things Are Headed	Updates On Theme	Broader Themes Emerging	Bullish-Leaning Quotes (Short)	Bearish-Leaning Quotes (Short)
About Expanding Eligible MarketSAIC is actively building a premier portfolio of integrated mission-critical capabilities aligned to budget priorities and insulated against market commoditization. The company's mission and engineering businesses are outgrowing the rest of the portfolio due to recent wins and ongoing investments. The new Evolve program, a recompete of Vanguard, is a multi-award contract vehicle with a $10 billion ceiling over 7 years, which is bigger and broader than Vanguard, consolidating work beyond SAIC's current scope and opening up new addressable areas. SAIC has successfully bid and won a seat at the table on 4 of the 5 work streams for the Evolve program.	About CompetitionSAIC is strategically moving away from more commoditized enterprise IT areas where customer loyalties are more focused on price than execution, aiming for a portfolio more insulated against such commoditization. The company has refined its bidding strategy to align with differentiators and areas with a higher probability of winning, leading to enterprise IT comprising a smaller share of its qualified pipeline. SAIC acknowledges the presence of good competition in the business and believes the administration's call for companies to 'put more skin in the game' is appropriate. The company aims to operate at the intersection of converging systems and data layers, where data is democratized, to differentiate itself.	About The Broader IndustryThe industry needs to invest to keep pace in a fast-moving environment. Appropriations from last year's legislation are starting to flow, albeit unevenly, with expectations for another large appropriation for FY 2027. While a $1 trillion-plus defense budget is not essential for SAIC's growth, it certainly helps. RFPs and submissions are still slowed by environmental factors, but awards are on track. There's a perception of competitive headwinds for services across the industry, with the administration potentially ambivalent about the government's reliance on services. Technology, particularly AI, can be deflationary, requiring companies to do more with less. Civilian funding is currently at a trough but is not expected to materially deteriorate, as critical infrastructure must be maintained. Historically, the government has not been effective in insourcing critical capabilities, a pendulum that swings back and forth.	Where Things Are HeadedSAIC aims to be a more agile company built for the future, underpinned by mission depth and capability. The company is pursuing opportunities earlier and more deliberately, leaning into mission and engineering businesses. A portfolio review is underway to evaluate potential additions and subtractions to accelerate growth, enhance margins, and develop high-value areas. The focus for AI is on integrating and operationalizing capabilities in real-world missions rather than delivering a product. FY 2027 is a year of commitment, with targets set for achievement. SAIC is making targeted investments in high-priority mission areas like next-generation command and control, modernizing legacy radar capabilities, and expanding work with loitering munitions and autonomous systems by establishing domestic production lines to broaden industrial base capacity. The company is creating investment capacity through Project Orbit to improve capabilities for the warfighter. SAIC aims to operate at the hybrid hardware-software and platform-data intersection, where systems are converging and data is democratized.	Updates On ThemeIntegrators:	Broader Themes EmergingBroader themes emerging include the increasing adoption and operationalization of AI in defense, the re-industrialization of the defense industrial base through domestic production lines for critical systems like loitering munitions, and the convergence of different operational domains (e.g., Title 10, Title 50, Title 18) at the data layer.	Bullish-Leaning Quotes (Short)I am pleased to say that the year is off to a good start. This quarter's result is a step in the right direction. Our strong underlying results highlighting our potential to deliver double digit margins on a sustainable basis. Recompete win rates are stabilizing. As we expect them to return to the 90% range. Fiscal first quarter margin was a company record driven by strong program execution. Net bookings, of 2.1 billion... resulted in a quarterly book to bill of 1.1x. This quarter's organic growth of 0.5% was better than expected. We are increasing our EBITDA guidance... which adds 20 basis points to the full year margin guidance. As a result, our adjusted EPS guidance increases by approximately 4%. I am confident that our efforts will continue to translate into significant value creation. I would not probably quarrel with the math that a -2 to -4 becomes harder to comprehend given the solid start we had to the year. I am cautiously optimistic that there is probably more to come in the second half of the year. That is probably the most bullish signal we can send because we are not waiting for funding to be available. We are creating the resources to be able fund the business.	Bearish-Leaning Quotes (Short)We have work to do to regain trust by proving that we can grow organically on a sustained basis... this is a multi quarter journey. There is some natural portfolio realignment this year as we digest recompete losses, primarily in the large enterprise IT market. RFPs and submissions are still slowed by environmental factors. While we could see this margin level offset through year end by key investments to support growth. We are mindful of remaining investments, recompete roll-offs and uncertainties that could impact the remaining quarters. We remain cautious around the unknown unknowns that could still impact the year as they did in FY 26. Customer disruptions continue to pressure submissions. A key driver of our sales trajectory this year is the unsuccessful RITS recompete which we expected would be a $200 million headwind. We are in an election year. Heading towards, some uncertainty there. Civil, you know, funding right now is at a trough. Historically, the government's not been effective in sourcing critical capabilities. Think of the headwind as sort of being in the circa 3% range For organic growth in each of Q3 and Q4.

NotesTable

Date	Comment	Comment Type	Comment Sentiment	Link	Price Reaction
2026-08-31	SAIC reported strong Q2 FY27 organic growth of 5% and raised its full-year guidance for revenue, EBITDA, and EPS. Management highlighted Project Orbit's progress and a pipeline shift towards fixed-price contracts, despite anticipating H2 headwinds from the RITS contract and an uneven procurement environment. The market reacted positively, with SAIC's stock outperforming SPY by 1.34% post-earnings, indicating confidence in the company's operational execution and strategic direction.	Earnings Transcript	Neutral		+0.65% (vs SPY: +1.34%)

Upcoming Events5 rows

Catalyst ID	Estimated Timing	Estimated Date Start	Estimated Date End	Catalyst	Why It Matters	Ticker Or Theme Specific	Transcript Date	Source Type
SAIC_0898add3	December earnings call	2026-12-01	2026-12-31	SAIC management expects to provide a broader discussion and update on the company's portfolio and strategy review, including potential M&A opportunities and future strategic direction.	This update will offer crucial insights into SAIC's long-term growth strategy, potential shifts in its business focus, and how it plans to invest for future growth, which could significantly influence investor sentiment and valuation.	Ticker	2026-08-31	earnings_transcript
SAIC_88886c64	on our next earnings call in September	2026-09-01	2026-09-30	SAIC will provide a more detailed update on its enterprise transformation process, 'Project Orbit.'	This initiative is designed to enhance operational efficiency and free up investment capacity, which is expected to improve future margins and strengthen the company's competitive position.	Ticker	2026-06-01	earnings_transcript
SAIC_0c793f28	on our December earnings call	2026-12-01	2026-12-31	SAIC plans to share more information regarding its comprehensive portfolio review.	This review aims to strategically realign the company's offerings towards higher-value, mission-critical capabilities, potentially leading to significant shifts in future growth drivers and margin profiles.	Ticker	2026-06-01	earnings_transcript
SAIC_dc095b95	on our next call	2026-09-01	2026-09-30	SAIC will revisit its sales guidance for the current fiscal year.	Given the better-than-expected Q1 organic growth and the RITS extension, there is potential for an upward revision, which could positively influence investor sentiment and market outlook.	Ticker	2026-06-01	earnings_transcript
SAIC_6b9f1783	in Q3	2026-07-01	2026-09-30	The unsuccessful RITS recompete contract is expected to fully roll off.	This event represents a confirmed $200 million revenue headwind for fiscal year 2027, directly impacting the company's top-line performance.	Ticker	2026-06-01	earnings_transcript