RESTON, Va. – Science Applications (NASDAQ:) International Corporation (NASDAQ:SAIC) reported better-than-expected second-quarter results and raised full-year earnings expectations as the technology integrator saw solid program performance and strong cash flow.
SAIC posted adjusted earnings per share of $2.05 for the quarter ended Aug. 2, beating analyst expectations of $1.86. Revenue rose 2% year over year to $1.82 billion, slightly above the consensus forecast of $1.8 billion.
“Our second quarter results were solid, reflecting strong program performance and exceptional cash flow with a continued focus on returning capital to shareholders,” said Toni Townes-Whitley, CEO of SAIC.
Revenue from the company’s defense and intelligence segment rose 2% to $1.42 billion, while civilian segment revenue grew 2% to $403 million compared to the prior year quarter.
SAIC generated free cash flow of $241 million in the second quarter, up 67% year over year. The company repurchased $201 million worth of stock during the quarter.
Looking ahead, SAIC raised its fiscal 2025 adjusted EPS guidance to $8.10-$8.30, up from prior guidance of $8.00-$8.20 and above analyst consensus of $8.07. The company reaffirmed its full-year revenue guidance of $7.35-$7.50 billion.
“We see encouraging trends as we execute on our growth strategy,” Townes-Whitley added, pointing to an extensive pipeline of opportunities expected to accelerate growth through fiscal 2026.
SAIC’s total order book at the end of the second quarter was $22.9 billion, of which $4.2 billion was financed.
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