- CACI booked $4.8 billion in first-quarter contract awards
- Funded backlog grew nearly 15 percent to $6.2 billion
- CACI VP Erik Grant will join a cyber talent and drone panel at the 2026 Homeland Security Summit
CACI International reported an 8.2 percent year-over-year increase in revenue to $2.5 billion for the first quarter of fiscal year 2027, which ended Sept. 30.
CACI’s first-quarter bookings included electronic warfare and unmanned systems work for Army and Navy customers. The company is sponsoring the Potomac Officers Club’s 2026 Homeland Security Summit on Nov. 10, where Erik Grant, vice president of the mission acceleration team within CACI’s electronic warfare line of business, will join a discussion on the Department of Homeland Security’s efforts to grow its cyber workforce and field unmanned systems. The event will also examine AI for investigative intelligence, edge capabilities for border defense, federated data fabrics and counter-drone operations. Register now to save your seat!
In an earnings release published Wednesday, the Reston, Virginia-based company said organic growth accounted for 2.1 percent of the quarter’s revenue gain. Department of War revenue climbed 14.8 percent to $1.35 billion, representing nearly 55 percent of the total, while intelligence community sales grew 2.6 percent to $612 million and federal civilian revenue declined 3.7 percent to $396.4 million.
Net income for the period reached $130.4 million, or $5.84 per diluted share, up 4.5 percent from the same quarter last year. On an adjusted basis, net income increased 12.7 percent to $171 million, and diluted earnings per share rose 11.8 percent to $7.66.
Earnings before interest, taxes, depreciation and amortization, or EBITDA, grew 22.4 percent to $328.8 million, lifting the margin to 13.3 percent from 11.7 percent a year earlier. CACI generated $133.5 million in free cash flow, compared with $143 million in the prior-year quarter, and attributed the dip in operating cash mainly to higher working capital.
The company secured $4.8 billion in contract awards during the quarter, about 61 percent of which came from new business, for a book-to-bill ratio of 2.0x. Funded backlog stood at $6.2 billion as of Sept. 30, up 14.8 percent from a year ago, within a total backlog of $34 billion.
What Are CACI’s Notable Q1 FY27 Contract Wins?
The quarter’s bookings were led by two awards from U.S. Central Command and the Army’s special operations component, followed by a series of Navy, Army and Space Force wins:
- USCENTCOM selected CACI for a $1.5 billion-ceiling award, structured as a one-year base with four option periods, under which the company will strengthen planning, analysis and information integration for the command and its partners through the Apollo effort. CACI recorded $1.2 billion of the ceiling as awards and backlog in the quarter.
- U.S. Army Special Operations Command issued CACI a five-year, $1.6 billion task order to sustain operational planning and support under the Special Operations Forces Emerging Threats, Operations, and Planning Support 2 program. The company booked $1.2 billion of that value in the quarter.
- The Naval Surface Warfare Center Crane awarded CACI a five-year task order worth up to $281 million to advance electromagnetic warfare capabilities across DOW.
- The Army’s Program Manager Expeditionary Energy and Sustainment Systems tapped CACI for a five-year task order valued at up to $185 million to develop and integrate technologies that enable soldiers to operate in austere and contested settings.
- CACI received a ceiling increase of up to $153 million on a task order supporting unmanned systems work for the Army Combat Capabilities Development Command’s C5ISR Center.
- The Naval Surface Warfare Center Carderock Division awarded the company a four-year task order worth up to $146 million to help develop next-generation maritime capabilities.
- CACI is one of 15 companies selected for the U.S. Space Force’s National Space Test and Training Complex Innovative Technology & Engineering – Space Test and Range contract, under which it will help modernize the test and training infrastructure that supports realistic space operations.
The company secured additional awards from undisclosed government customers covering IT system development and sustainment, communications modernization and financial management system upgrades.
What Other Q1 Milestones Did CACI Report?
During the quarter, CACI opened a 61,000-square-foot defense electronics manufacturing center of excellence in the Greater Rochester, New York, area. The facility expands the company’s manufacturing space by more than 300 percent and supports production and testing for the Army’s Terrestrial Layer System Brigade Combat Team Manpack electronic warfare program.
The company promoted Marcie Small to executive vice president and chief human resources officer, succeeding the retiring Angie Combs. Small previously served as CACI’s senior VP of talent acquisition and growth.
What Did CEO John Mengucci Say About Q1 Results?
CACI President and CEO John Mengucci, a seven-time Wash100 awardee, said the company began fiscal 2027 on solid footing.
“Our first quarter results represent a strong start to fiscal year 2027, highlighted by revenue and EBITDA growth, strong EBITDA margin, and healthy free cash flow,” Mengucci said.
He credited the company’s mission proximity, software-defined approach and willingness to invest ahead of customer demand for its performance, and pointed to the backlog and pipeline as the basis for the updated outlook.
“Based on our results, large and growing backlog, and healthy pipeline, we are raising our fiscal year 2027 revenue and earnings profit outlook while reaffirming guidance for other financial metrics,” the chief executive added.
What Is CACI’s FY 2027 Guidance?
CACI lifted its full-year revenue forecast to a range of $10.7 billion to $10.9 billion, up from its earlier projection of $10.65 billion to $10.85 billion.
The company now anticipates adjusted net income between $740 million and $760 million, compared with its previous range of $735 million to $755 million, and adjusted diluted earnings per share of $33.18 to $34.08, up from $32.96 to $33.86.
CACI kept its free cash flow target unchanged at a minimum of $900 million for the fiscal year.
