Defense Contractor SAIC Stock Hits 52-Week High - Here's Why

Science Applications International Corp. (NASDAQ: SAIC ) stock rose Monday after the government services contractor reported fiscal first-quarter 2027 results that topped Wall Street estimates and raised its full-year profit outlook. “I am proud of our team’s performance this quarter, delivering record margin and modest organic growth,” said Chief Executive Officer Jim Reagan . SAIC Revenue, Earnings Beat Expectations Revenue rose 2% year over year to $1.91 billion, exceeding the analyst consensus estimate of $1.82 billion. Adjusted earnings per share came in at $3.23, well above estimates of $2.29 . SAIC, which provides technical, engineering and enterprise IT services to defense, intelligence, civilian and space customers, also delivered stronger profitability during the quarter. Operating income increased 48% to $179 million, while operating margin expanded 300 basis points to 9.4%. Adjusted operating income rose 40% to $221 million, lifting the adjusted operating margin by 320 basis points to 11.6%. Adjusted EBITDA climbed 41% to $222 million, with adjusted EBITDA margin also improving 320 basis points to 11.6%. Net bookings totaled approximately $2.1 ... Full story available on Benzinga.com