Science Applications International Corporation (SAIC) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Science Applications International Corporation published the results on August 31, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Science Applications International Corporation reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• SAIC's fiscal year ends on the Friday closest to January 31. Q2 fiscal 2027 is the quarter ended July 31, 2026; fiscal 2026 ended January 30, 2026.
• Year-ago net income included a $47 million tax benefit from the settlement of an IRS audit covering fiscal years 2016 through 2019, which is why GAAP EPS fell while pretax income rose.
• On January 31, 2026 SAIC consolidated its five business groups into three. Its two reportable segments, Defense and Intelligence and Civilian, did not change.

Source: SAIC Q2 fiscal 2027 results, August 31, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Science Applications International Corporation splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Science Applications International Corporation's Defense and Intelligence revenue was $1.4 billion in Q2 fiscal 2027, up 5% from $1.4 billion in Q2 fiscal 2026, 77% of total revenue.
• Science Applications International Corporation's Civilian revenue was $431 million in Q2 fiscal 2027, up 9% from $395 million in Q2 fiscal 2026, 23% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q2 fiscal 2027 release, Science Applications International Corporation said:

“Revenue $7.2B-$7.3B”

“Adjusted EBITDA (1) $750M-$755M”

“Adjusted Diluted EPS (1) $10.65-$10.75”

“Free Cash Flow (1) >$600M”

Source: SAIC Q2 fiscal 2027 release, Aug 31, 2026.

This is the company's own guidance as of Aug 31, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the SAIC forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenues and diluted EPS, each as first reported in that quarter's release.

Science Applications International Corporation's next report is expected around December 3, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Aug 31, 2026

Science Applications International Corporation (SAIC) reported Q2 fiscal 2027 revenues of $1,880 million, up from $1,769 million, an increase of approximately 6%. SAIC attributed the rise to volume ramping up on existing and new contracts and $20 million from the acquisition of SilverEdge Government Solutions, partly offset by contract completions. Excluding acquisitions, revenues grew approximately 5.3%. (SAIC Q2 fiscal 2027 release, Aug 31, 2026)

Defense and Intelligence revenues rose $75 million, or 5%, to $1,449 million, including the SilverEdge revenue. Civilian revenues rose $36 million, or 9%, to $431 million on volume ramp-up, partly offset by contract completions. (SAIC Q2 fiscal 2027 release, Aug 31, 2026)

Nearly all of SAIC's revenue comes from the U.S. federal government. The Department of War accounted for $987 million in the quarter and intelligence and other federal agencies $840 million, while commercial, state and local governments and international customers added $53 million. SAIC was the prime contractor on $1,644 million of revenues and a subcontractor on $183 million. Its 10-K says it works through approximately 1,700 active contracts and task orders. (SAIC Form 10-Q, Q2 fiscal 2027, Aug 31, 2026; SAIC Form 10-K, fiscal 2026, Mar 16, 2026)

Contract mix differs sharply by segment. Cost reimbursement contracts were 78% of Defense and Intelligence revenues and 60% of total revenues, while time and materials work was 66% of Civilian revenues. Firm-fixed price contracts were 17% of the total, against 15% a year earlier. (SAIC Form 10-Q, Q2 fiscal 2027, Aug 31, 2026)

Science Applications International Corporation's GAAP diluted EPS fell to $2.38 from $2.71 in Q2 fiscal 2027 even though income before income taxes rose to $119 million from $108 million. The year-ago quarter had an income tax benefit of $19 million, which included a $47 million benefit from settling an IRS audit for fiscal years 2016 through 2019. This quarter's effective tax rate was 14.2%. (SAIC Q2 fiscal 2027 release, Aug 31, 2026; SAIC Form 10-Q, Q2 fiscal 2027, Aug 31, 2026)

Adjusted diluted EPS was $3.01, against $3.63. SAIC's adjusted EPS mainly excludes amortization of intangible assets, worth $0.63 a share this quarter, along with acquisition, integration, restructuring and impairment costs of $0.04. The year-ago adjusted figure also excluded $0.15 of costs related to the federal tax audit settlement. (SAIC Q2 fiscal 2027 release, Aug 31, 2026)

Buybacks lowered the weighted-average diluted share count to 42.8 million from 46.8 million. SAIC deployed $106 million of capital in the quarter, $90 million of plan share repurchases and $16 million of dividends, and declared a dividend of $0.37 a share after quarter end. (SAIC Q2 fiscal 2027 release, Aug 31, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Science Applications International Corporation gives a full-year outlook in its release and raised it in Q2 fiscal 2027. It now expects fiscal 2027 revenue of $7.2B-$7.3B, up from $7.0B-$7.2B, adjusted EBITDA of $750M-$755M, up from $720M-$730M, and adjusted diluted EPS of $10.65-$10.75, up from $9.90-$10.10. It kept free cash flow guidance at more than $600M. (SAIC Q2 fiscal 2027 release, Aug 31, 2026)

The guidance still implies an organic revenue decline for the year, of 2% to 0%, against a prior range of a 4% to 2% decline. SAIC does not reconcile its adjusted EPS or free cash flow guidance to GAAP, citing the difficulty of forecasting the excluded items. (SAIC Q2 fiscal 2027 release, Aug 31, 2026)

A consensus figure is the average of the models published by the analysts who cover Science Applications International Corporation, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Science Applications International Corporation's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning SAIC is on is SAIC a buy or a sell?, what analysts expect next is on the SAIC forecast, and what the company does is on the Science Applications International Corporation (SAIC) stock page.

Every number on this page can be traced to a document Science Applications International Corporation published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.