- CACI has closed its fiscal year 2026 with revenue topping $9 billion
- Funded backlog jumped 28.6 percent to $5.4 billion
- The 2026 Navy Summit on Aug. 27 will spotlight AI, digital engineering and more
CACI International recorded a 17.6 percent year-over-year growth in revenues to $2.7 billion for the fourth quarter ended June 30 and a 10.9 percent increase to $9.6 billion for the full fiscal year 2026.
CACI’s role supporting national security missions across the defense industrial base connects with the focus of the Potomac Officers Club’s 2026 Navy Summit, which will explore AI, digital engineering, shipbuilding, unmanned systems, network modernization and more shaping the future of naval operations. The event will bring together senior Navy leaders and industry executives for a full day of keynotes and panel discussions on Aug. 27 in Falls Church, Virginia. Register now to save your seat at this premier GovCon event.
In an earnings release published Wednesday, the Reston, Virginia-based government technology services contractor said it ended the quarter with a total backlog of $32 billion, of which $5.4 billion was funded, up 28.6 percent from the previous year’s funded backlog of $4.2 billion. The company logged $10.2 billion in annual contract awards and a book-to-bill ratio of 1.1x.
The company’s Q4 net income came in at $156.8 million, down slightly from the prior-year quarter, and posted $535.8 million in net income for the full FY 2026, up 7.2 percent from the previous fiscal year.
Adjusted diluted earnings per share for the fourth quarter and full fiscal year rose 6.1 percent and 12.7 percent, respectively, to $8.91 and $29.83.
CACI’s earnings before interest, taxes, depreciation and amortization, or EBITDA, for the fourth quarter and full fiscal year increased 33.5 percent and 21.4 percent to $353.1 million and $1.17 billion, respectively, with a full-year margin of 12.3 percent.
What Are CACI’s Notable Q4 Contract Wins?
- CACI was tapped by the Department of War to deploy its SkyValor counter-drone system at the Southern Border under the company’s existing $500 million indefinite-delivery, indefinite-quantity contract, following a successful evaluation by the Joint Interagency Task Force 401.
- The company will serve as one of Oracle’s technology partners on the U.S. Office of Personnel Management’s Federal HR Information Technology Modernization contract, a 10-year effort worth nearly $400 million to consolidate federal human resource systems onto a cloud-based platform.
- CACI secured a six-year, $308 million technology contract from the Department of Veterans Affairs to modernize the agency’s legacy financial management system.
- The company won more than $236 million in new classified contracts and additional work supporting national security missions.
- CACI received a contract increase valued at more than $140 million for the remaining three years of its forensic exploitation support contract with the U.S. Army Development Command’s C5ISR Center, bringing the total contract value to more than $560 million.
- The U.S. Navy’s Military Sealift Command awarded CACI a five-year, $113 million technology contract to modernize mission-critical business applications for ashore personnel and the global fleet.
Who Are CACI’s Newest Executive Hires?
CACI also rounded out its leadership bench with three additions to its executive team. Dave Young, a former Lockheed Martin general manager of national security space, joined as executive vice president and chief operating officer, reporting to Mengucci. Tom Kirkland, who previously served as president of targeting and sensor systems at L3Harris Technologies, rejoined CACI as executive VP of electronic warfare after an earlier stint with the company from 2016 to 2020.
Rounding out the additions, Christopher Monoski, former VP of operations at L3Harris, came aboard as executive VP of manufacturing.
What Did CEO John Mengucci Say About FY26 Financial Results?
CACI President and CEO John Mengucci, a seven-time Wash100 awardee, said the company’s fiscal 2026 performance reflected the strength of its strategy and execution.
“CACI’s outstanding fiscal year 2026 performance demonstrates the power of our differentiated strategy, our relentless focus on execution, and underscores the technology-first national security company we have become. In a challenging environment, we grew free cash flow by 66%, delivered high-single digit organic revenue growth, expanded EBITDA margin to 12.3%, won $10 billion in contract awards, and grew both funded and total backlog,” Mengucci said.
He noted that the company has continued to invest across the business while adding executive talent to position CACI for continued growth.
“These investments, and the executive talent we have added, position us exceptionally well for continued success in fiscal 2027 and beyond. Finally, with our fiscal year 2027 guidance, we’re on track to meet or exceed our 3-year financial targets, demonstrating our ability to drive long-term growth in free cash flow and deliver exceptional value for our customers and our shareholders,” the CACI chief executive added.
What Is CACI’s Fiscal Year 2027 Guidance?
CACI projected fiscal 2027 revenue of $10.65 billion to $10.85 billion. The company expects adjusted net income of $735 million to $755 million and adjusted diluted EPS of $32.96 to $33.86.
CACI also forecast free cash flow of at least $900 million for fiscal 2027, which it said will be driven by strong revenue growth, efficient working capital management and margin expansion.
