secwatch.observer — SEC 8-K summary
======================================

Issuer:     Science Applications International Corp (SAIC)
CIK:        0001571123
Form:       8-K
Filed at:   2023-09-07T23:59:59+00:00
Accession:  0001571123-23-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SAIC Q2 adj. EPS $2.05 vs $1.75; raises FY2024 revenue and EPS guidance
-----------------------------------------------------------------------

- Revenue $1.78B, organic growth 8.3% (adjusted for divestitures and FSA deconsolidation).
- Net income $247M, diluted EPS $4.56; adjusted EPS $2.05 (17% YoY growth).
- Adjusted EBITDA margin 9.8% (up 70 bps YoY); adjusted operating income margin 7.5% (up 70 bps).
- Raised FY2024 guidance: revenue $7.20-7.25B, adjusted EPS $7.20-7.40 (from $7.00-7.20).
- Notable awards: $1.3B Treasury T-Cloud IDIQ, $575M Space Force GMASS, $520M space/intel contracts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571123/000157112323000110/0001571123-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571123/000157112323000110/saic-20230907.htm
  HTML page:      https://secwatch.observer/filing/0001571123-23-000110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer