CACI International reported an 11.2 percent year-over-year increase in revenues to $2.3 billion during the first quarter of fiscal year 2026 and ended the quarter with a total backlog of $33.9 billion, up 4.6 percent from the previous year’s $32.4 billion.
In an earnings statement published Wednesday, the Reston, Virginia-based government technology services contractor said that as of Sept. 30, funded backlog was $5.4 billion, reflecting a 25.6 percent increase from the prior-year period.
The company saw its adjusted diluted earnings per share grow 15.5 percent to $6.85 for its fiscal 2026 first quarter ended Sept. 30.
CACI reported $124.8 million in Q1 net income and $5.63 in diluted earnings per share.
First-quarter revenue and gross profit drove income from operations to increase 18 percent to $212.3 million. The company posted $143 million in Q1 free cash flow, up 189.4 percent from the same period the previous year.
“CACI’s exceptional start to fiscal year 2026 underscores our differentiated position in the market. We delivered strong financial results across the board, including robust free cash flow driven by double-digit revenue growth and strong profitability,” said John Mengucci, president and CEO of CACI.
“Our $5 billion of contract awards and growth in both total and funded backlog demonstrate our focus on critical, well-funded national security priorities. Our performance, along with our continued investments ahead of need, healthy pipeline, and strong customer demand signals, gives us increased confidence in our ability to deliver on our fiscal year 2026 commitments, achieve our three-year financial targets, and generate value for our customers and our shareholders,” added Mengucci, a six-time Wash100 Award winner.
What Are CACI’s Notable Q1 Contract Wins?
The company booked $5 billion in Q1 contracts with about 60 percent accounting for new business.
Notable awards during the quarter include a potential five-year, $548 million task order from a Department of Defense customer to design and implement virtual and field environments to support testing and evaluation of electromagnetic spectrum and emerging communication technologies; a 10-year $423 million contract with an intelligence community customer to continue providing capability development support and software-defined technology; and a 12-month, $315 million task order extension with U.S. Customs and Border Protection to continue to develop and modernize IT systems that support CBP’s border security and enforcement missions.
Mengucci on Demand for Counter-Space Capabilities, AI Adoption
At an earnings call Thursday, Mengucci cited investments and awards that highlight the company’s competitive differentiation across multiple mission areas, including counter-unmanned aircraft systems, counter-space, network modernization and digital application modernization.
The chief executive discussed the growing demand for CACI’s counter-space capabilities, highlighting recent awards that include a $240 million contract from the U.S. Army to sustain and modernize the Tactical Integrated Ground Suite, or TIGS, counter-space program and an initial production order from the U.S. Space Force for a Remote Modular Terminal, or RMT.
“Both TIGS and RMT are great examples of how we can leverage our differentiated software-defined technology and our strong past performance to help warfighters execute critical missions across the entire electromagnetic spectrum,” Mengucci told analysts.
He mentioned during the call the company’s efforts to advance its adoption of artificial intelligence technologies.
“We are now expanding our use of AI tools to increase the speed, efficiency and scalability of our agile software development processes and continuing to innovate to stay at the forefront of utilizing commercial software development tools and processes to address critical national security priorities faster and more efficiently,” Mengucci noted.
