Science Applications' Q2 results reflect the benefits of organic growth and new business wins, offset by the challenges of contract transition.
Science Applications International Corporation remains a 'buy' due to its attractive valuation and revenue growth despite mixed financial performance. SAIC's Q2 2025 results exceeded analyst expectations for revenue and adjusted profits, though GAAP earnings fell short. Management's guidance for 2025 remains optimistic, with revenue expected between $7.35 billion and $7.50 billion and improved adjusted earnings per share.
Science Applications International Corporation (NASDAQ:SAIC ) Q2 2025 Earnings Conference Call September 5, 2024 10:00 AM ET Company Participants Joe DeNardi - Senior Vice President of Investor Relations and Treasurer Toni Whitley - Chief Executive Officer Prabu Natarajan - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Akers - Wells Fargo Jason Gursky - Citi Seth Seifman - JP Morgan Bert Subin - Stifel Jack Wilson - Truist Securities Cai Rumohr - Cowen Josh Korn - Barclays Operator Good day. And thank you for standing by.
U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining around 0.5% on Thursday.
Shares of Science Applications International Corporation (SAIC), or SAIC, advanced Thursday when the government and defense technology provider posted better-than-expected results and boosted its guidance as the volume of contracts increased.
SAIC (SAIC) came out with quarterly earnings of $2.05 per share, beating the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $2.05 per share a year ago.
SAIC (SAIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Science Applications (SAIC) secures three Navy contracts worth $58.2 million, which are set to provide support for the Navy's jammer assets and electronic warfare programs.
Science Applications (SAIC) secures a $120 million contract from Naval Supply Systems Command to support the latter's fleet training missions.
China's SAIC Motor and German carmaker Volkswagen have signed several energy technology cooperation agreements related to their SAIC Volkswagen joint venture in China.
There are many potential economic slowdown signals, but equity markets holding up near all-time highs. The US industrial sector performing well, attractive industries and corporations within the sector. SAIC has potential competitive advantages, along with strong fundamentals and steady growth projections.
Science Applications' (SAIC) Q1 results are hurt by the sale of the logistics and supply chain division, rise in internal investment and program milestones weighted toward the second half of the year.