---
schema_version: "secwatch.filing_event.v1"
accession: "0001571123-23-000079"
form_type: "8-K"
ticker: "SAIC"
cik: "0001571123"
company_name: "Science Applications International Corp"
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:21:33.552989+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# SAIC Q1 revenue $2.03B (+2% YoY), EPS $1.79 ($2.14 adj); raises FY2024 guidance, CEO transition to Townes-Whitley

## Summary
- Net income $98M, diluted EPS $1.79 (adjusted $2.14); revenue $2.03B (+2% YoY, +3.5% adj for FSA deconsolidation).
- Adjusted EBITDA margin 9.3% (up 60 bps YoY); free cash flow $76M; net bookings $2.1B, book-to-bill 1.1x.
- Raises FY2024 revenue guidance to $7.125-$7.225B (prev $7.05-$7.20B) and adj EPS to $7.00-$7.20 (prev $6.80-$7.00).
- CEO Nazzic Keene to retire Oct 2; succeeded by Toni Townes-Whitley; L&SCM business sold for $355M to ASRC Federal.
- Declared $0.37/share dividend; $70M share repurchases; invested $5M in Morpheus Data for cloud automation.

## SEC filing metadata
- accession: 0001571123-23-000079
- form_type: 8-K
- ticker: SAIC
- cik: 0001571123
- company_name: Science Applications International Corp
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571123/000157112323000079/0001571123-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571123/000157112323000079/saic-20230605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001571123-23-000079
- JSON: https://secwatch.observer/filing/0001571123-23-000079.json
- Plain text: https://secwatch.observer/filing/0001571123-23-000079.txt

## Key facts
- Earnings Releases
  Science Applications International Corp reported first quarter ended May 5, 2023 results: revenue $2.03 billion, net income $98 million, EPS $1.79. Guidance raised.
  - Period: first quarter ended May 5, 2023
  - Revenue: $2.03 billion
  - Net income: $98 million
  - EPS: $1.79
  - Guidance: raised
  - Result: reported results
  source text: SAIC Announces First Quarter of Fiscal Year 2024 Results • Revenues of $2.03 billion; 2% revenue growth, 3.5% growth adjusted for impact of deconsolidation of Forfeiture Support Associates joint venture • Net income of $98 million; Adjusted EBITDA (1) of $189 million or 9.3% as a % of revenues • Diluted earnings per share: $1.79; Adjusted diluted earnings per share (1) : $2.14 • Net bookings of $2.1 billion resulting in a book-to-bill of 1.1x in the quarter • Company increases revenue and adjusted diluted EPS (1) guidance for fiscal year 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1571123/000157112323000079/0001571123-23-000079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.