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SAIC's Q2 revenue of $1.88 billion exceeded expectations, leading to an upward revision of its FY2027 revenue and EPS guidance. The stock price surged over 13% intraday.
Science Applications International (SAIC) announced its Q2 FY2027 earnings before market open, with revenue reaching $1.88 billion, a 6% year-over-year increase, surpassing analysts' expectations of $1.76 billion. Adjusted earnings per share (EPS) were $3.01, also higher than the anticipated $2.31. Concurrently, the company raised its FY2027 revenue guidance to $7.2-7.3 billion (previously $7.0-7.2 billion) and its adjusted diluted EPS guidance to $10.65-10.75 (previously $9.90-10.10). Boosted by this news, SAIC's stock price surged by as much as 13.3% intraday, settling at a 3.2% gain as of 10:24 AM ET.
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