SAIC recorded $1.77 billion in fiscal year 2026 second-quarter revenue, down 3 percent from the prior-year period, and $2.6 billion in Q2 net bookings with a book-to-bill ratio of 1.5.
In an earnings statement published Thursday, the Reston, Virginia-based government technology services contractor said it ended the second quarter with an estimated total backlog of approximately $23.2 billion, of which about $3.6 billion was funded.
CEO Toni-Townes Whitley on SAIC’s Recompete Win Rate
At an earnings call Thursday, Toni Townes-Whitley, CEO of SAIC and a 2025 Wash100 awardee, said the company’s year-to-date recompete win rate is in line with the target and the planned recompetes in the next 12 months are “fairly typical” with some programs in the 1 percent to 3 percent revenue range.
“We expect to show continued progress over time in sustaining our recompete win rate at current levels. Our win rate on new business is also roughly in line with our target as we have been successful on two of the six larger pursuits adjudicated year to date. As I indicated earlier, our pipeline of expected awards in the coming quarters remains solid,” she told analysts.
“Restoring our recompete win rates to our target range and winning our fair share of new business pursuits, while increasing our submit levels is a good formula for sustainable growth over the long term. We are encouraged by the political support to provide solid levels of funding in areas including border security, FAA modernization and homeland missile defense,” Townes-Whitley added.
The SAIC chief executive stated that the company expects the Trump administration’s focus on efficiency to continue. During the call, she also cited SAIC’s strategy and business model and the company’s adoption of AI across its core functions.
“We remain confident that our strategy and business model position us well to adapt and win by delivering outcomes at speed for our customers,” Townes-Whitley noted. “We are seeing increased opportunities to drive greater efficiency across our business as we leverage artificial intelligence for core operations. We expect this to materialize as an incremental tailwind to margins and savings for our customers in the coming years.”
FY 2026 Q2 Financial Highlights
SAIC recorded $185 million in adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, for the quarter, or 10.5 percent of revenues.
Second-quarter net income was $127 million. Meanwhile, the company’s diluted earnings per share and adjusted diluted EPS for the quarter were $2.71 and $3.63, respectively.
“Our second quarter results reflect strong program performance, and our bookings reflect further momentum in our business development efforts; however, slower on-contract growth and continued delays in new business awards and new program ramps are contributing to a more challenging revenue environment than previously forecasted,” Townes-Whitley said in a statement.
“We are responding purposefully by aligning our cost structure while sustaining key investments to drive long-term value creation. Our revised guidance assumes that the operating environment remains stable but does not improve this year. We believe that this more cautious outlook is prudent, and we are confident in our ability to execute against it,” the two-time Wash100 awardee added.
SAIC is lowering its fiscal year 2026 revenue guidance to $7.25 billion to $7.325 billion, reflecting a 2 to 3 percent organic contraction.
