SAIC Raises Outlook After 2Q Sales Rise

By Katherine Hamilton

Science Applications International Corp. raised its annual outlook after logging higher sales in the most recent quarter.

The defense contractor now expects full-year revenue to be $7.28 billion to $7.38 billion, up from its previous guidance range of $7.08 billion to $7.28 billion.

It also raised its outlook for adjusted earnings per share to $10.65 to $10.75, from $9.90 to $10.10.

SAIC's stock rose 7.5% to $135.40 in premarket trading Monday.

The higher guidance comes as SAIC posted a profit of $102 million, or $2.38 a share, compared with $127 million, or $2.71 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $3.01, ahead of the $2.31 anticipated by analysts, according to FactSet.

Revenue rose 6% to $1.88 billion. Analysts surveyed by FactSet had forecast revenue of $1.76 billion.

The higher sales were driven by a ramp up in volume on existing and new contracts from the acquisition of SilverEdge Government Solutions. Operating income as a share of revenue increased due to improved profitability.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

August 31, 2026 07:33 ET (11:33 GMT)