1 week ago
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MarketBeat
Mon, March 16, 2026 astatine 11:44 AM CDT 8 min read
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Jim Reagan was named imperishable CEO and is steering SAIC toward a much disciplined, selective maturation strategy—hiring a main maturation officer, targeting $25 cardinal to $28 billion of proposals successful fiscal 2027, and launching a multi-year endeavor translation positive $100 million of outgo reductions to amended velocity and execution.
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Q4 gross was $1.75 billion (organic diminution ~6%) and full-year gross was $7.26 billion (organic down ~3%), but SAIC delivered beardown profitability and currency procreation with adjusted EBITDA of $181 million (10.3% margin) for the 4th and escaped currency travel of $336 million successful the 4th ($577 million for the year).
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For fiscal 2027 SAIC reaffirmed guidance of $7.0–7.2 billion gross (organic -2% to -4%) with adjusted EBITDA of $705–715 million—roughly a 10% borderline (the archetypal full-year double-digit guide)—while continuing to de-emphasize commoditized ample endeavor IT (no-bid ~$200 million of Cloud One) aft expecting ~$400 million of recompete headwinds.
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Science Applications International Is a Wicked Hot Buy successful June
Science Applications International (NASDAQ:SAIC) reported fourth-quarter fiscal 2026 results that matched its Feb. 11 update, portion absorption emphasized a much selective concern improvement approach, continued outgo reductions, and an endeavor translation inaugural aimed astatine improving velocity and execution.
Chief Executive Officer Jim Reagan, who became interim CEO successful October, said the committee selected him arsenic imperishable CEO pursuing a hunt process that prioritized continuity and manufacture knowledge. Reagan described fiscal 2027 arsenic “a twelvemonth of commitment,” centered connected aligning and focusing the portfolio, improving interior processes, and serving customers’ missions amid what helium characterized arsenic an uneven operating environment.
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Reagan highlighted changes successful concern development, including the caller hiring of a main maturation officer. He said SAIC intends to beryllium much selective successful pursuing “cost positive little differentiated work” and to thin into opportunities wherever the institution has a “greater close to win” and higher lawsuit retention. He described the displacement arsenic “addition by subtraction” and said SAIC is aiming for $25 cardinal to $28 billion of connection submissions successful fiscal 2027 to enactment goals of top-line maturation and borderline improvement.
Chief Financial Officer Prabu Natarajan said fourth-quarter gross was $1.75 billion, an integrated diminution of astir 6%. He attributed the contraction chiefly to 2 factors: a $60 million year-over-year simplification tied to low-margin Cloud One enactment the institution chose not to bid, and a $45 million headwind from a non-recurring bundle licence merchantability successful the prior-year quarter.
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