SAIC (NASDAQ:SAIC) Soars 8.1% After Q1 Earnings Crush Estimates

Science Applications International Corp. (NASDAQ:SAIC) shares jumped 8.1% to $112.62 on June 1 after the government IT services firm reported fiscal first-quarter results that far exceeded profit forecasts. The company posted adjusted earnings per share of $3.23 for the three months ended March 31, 2026, up 68% from $1.92 a year earlier and 41.8% above the consensus analyst estimate. Revenue rose 1.5% to $1.91 billion, topping Wall Street’s projection by 4.1%. The company raised its full-year EPS guidance, though its revenue outlook of $7.1 billion at the midpoint fell 0.7% short of analysts’ estimates. While sales growth has been sluggish—revenue has been flat over the past two years—margin expansion and aggressive share buybacks have fueled outsized earnings gains. Adjusted operating margin widened 1.7 percentage points to 10.1% in the quarter.