Science Applications International beats Q2 estimates, raises FY EPS outlook

RESTON, Va. – Science Applications (NASDAQ:) International Corporation (NASDAQ:SAIC) reported better-than-expected second quarter results and raised its full-year earnings guidance, as the technology integrator saw solid program performance and strong cash flow.

SAIC posted adjusted earnings per share of $2.05 for the quarter ended August 2, beating analyst estimates of $1.86. Revenue rose 2% year-over-year to $1.82 billion, slightly above the consensus forecast of $1.8 billion.

“Our second quarter results were solid, reflecting strong program performance and exceptional cash flow with a continued focus on returning capital to shareholders,” said SAIC CEO Toni Townes-Whitley.

The company’s Defense and Intelligence segment revenue increased 2% to $1.42 billion, while Civilian segment revenue grew 2% to $403 million compared to the prior year quarter.

SAIC generated free cash flow of $241 million in Q2, up 67% YoY. The company repurchased $201 million of shares during the quarter.

Looking ahead, SAIC raised its fiscal 2025 adjusted EPS guidance to $8.10-$8.30, up from its previous outlook of $8.00-$8.20 and above the $8.07 analyst consensus. The company reaffirmed its full-year revenue forecast of $7.35-$7.50 billion.

“We are seeing encouraging trends as we execute our growth strategy,” Townes-Whitley added, noting an expanded pipeline of opportunities that is expected to accelerate growth into fiscal 2026.

SAIC’s total backlog stood at $22.9 billion at the end of Q2, with $4.2 billion of that funded.

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