secwatch.observer — SEC 8-K summary
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Issuer:     Science Applications International Corp (SAIC)
CIK:        0001571123
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001571123-25-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SAIC Q1 FY2026: revenue $1.88B (+2%), net income down 12%; bookings $2.4B
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- Revenue $1.88B (+2% YoY); net income $68M (-12%); diluted EPS $1.42 (-4%).
- Adjusted EBITDA $157M (8.4% margin, -50bps); adjusted EPS $1.92 flat YoY.
- Net bookings $2.4B, book-to-bill 1.3; backlog $22.3B ($3.3B funded).
- Free cash flow -$44M vs +$13M prior year; deployed $152M in buybacks and dividends.
- Reaffirmed FY2026 guidance: rev $7.60B-$7.75B, adj EBITDA $715M-$735M, adj EPS $9.10-$9.30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1571123/000157112325000104/0001571123-25-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1571123/000157112325000104/saic-20250602.htm
  HTML page:      https://secwatch.observer/filing/0001571123-25-000104

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