Key Takeaways

• Science Applications International Corporation, or SAIC, exceeded profit and sales forecasts on increased contract volume.

• The government and defense technology provider also raised its full-year EPS guidance.

• Free cash flow rose 67% year-over-year.

Shares of Science Applications International Corporation (SAIC), or SAIC, advanced Thursday when the government and defense technology provider posted better-than-expected results and boosted its guidance as the volume of contracts increased.

SAIC reported fiscal 2025 second-quarter adjusted earnings per share (EPS) of $2.05, with revenue up 1.9% year-over-year to $1.82 billion and free cash flow jumping 67% to $241 million. The averages of analysts surveyed by Visible Alpha were for $1.84, $1.79 billion, and $142 million, respectively.

Defense and intelligence unit sales rose 1.9% to $1.42 billion, and they gained 2.0% to $403 million for the civilian segment. Net bookings were approximately $1.2 billion, resulting in a 0.6 book-to-bill ratio.

CEO Says SAIC 'Seeing Encouraging Trends'

Chief Executive Officer (CEO) Toni Townes-Whitley said the company is "seeing encouraging trends as we execute our growth strategy."

SAIC now anticipates full-year adjusted EPS in a range of $8.10 to $8.30, up from its previous outlook of $8.00 to $8.20.

SAIC shares rose 4% to $134.73 in early afternoon trading. They are about 8% higher year-to-date.

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