Science Applications International Corporation's (SAIC) shares plunged 11.8% on Monday after the company reported lower-than-expected bottom-line results for the first quarter of fiscal 2025. The company reported first-quarter adjusted earnings of $1.92 per share, which missed the Zacks Consensus Estimate by a penny. The bottom line decreased 20% year over year due to a decline in revenues, increased internal investment and program performance milestones being weighted to the second half of the year. This w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 3, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 001-35832 Science Applications International Corporation (Exact name of registrant as specified in its charter) Delaware 46 ...

Science Applications International Corporation (NASDAQ:SAIC) Q1 2025 Earnings Conference Call June 3, 2024 10:00 AM ET Company Participants Joseph DeNardi - SVP, IR and Treasurer Toni Townes-Whitley - CEO Prabu Natarajan - CFO Conference Call Participants Cai von Rumohr - TD Cowen Jason Gursky - Citi Matt Akers - Wells Fargo Sheila Kahyaoglu - Jefferies Seth Seifman - JPMorgan Bert Subin - Stifel David Strauss - Barclays Tobey Sommer - Truist Securities Operator Thank you for standing by. My name is Krista, ...

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. SAIC shares have added about 8.3% since the beginning of the year versus the S&P 500's gain of 10.6%. What's Next for SAIC? While SAIC has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one ...

Exhibit 99.1 SAIC Announces First Quarter of Fiscal Year 2025 Results RESTON, VA, June 3, 2024—Science Applications International Corporation (Nasdaq: SAIC), a premier Fortune 500® technology integrator driving our nation's digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the first quarter ended May 3, 2024. "We reported solid financial results in the quarter as we began executing against our enterprise growth strategy introduced at SAIC's 202 ...

The market expects SAIC (SAIC) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June ...

Science Applications International Corporation (SAIC) has secured a contract worth $232 million from the U.S. Air Force's 774th Enterprise Sourcing Squadron. Under this contract, SAIC is set to develop signals intelligence and electronic warfare systems for the U.S. Army. This new task order for SAIC was carried out through a multiple-award contract vehicle, which is managed by the Department of Defense Information Analysis Center (DoD IAC). The DoD IAC assists the Department of Defense and federal governme ...

Smederevac Science Applications International Corporation (NASDAQ:SAIC) acquired companies with capabilities in digital transformation and artificial intelligence know-how. Also, with recent contracts in the cybersecurity market, I believe that SAIC could receive significant business growth from growing industries. Given the total backlog of approximately $22.8 billion, noted in the most recent quarter, and agreements with the United States government, SAIC will most likely deliver net sales growth. The ...

Revenue Sources - 98% of total revenues in fiscal 2024 were derived from prime contracts with the U.S. government or subcontracts related to U.S. government work[32] - The U.S. Army contributed 17% to total revenues in fiscal 2024, while the U.S. Navy and Air Force contributed 13% and 12%, respectively[33] - The company generated 98% of its revenues from contracts with the U.S. government in fiscal 2024[165] - Revenues derived from fixed-price contracts represented approximately 19% of total revenues for fiscal 2024, highlighting the company's reliance on various contract types[84] - Total revenues for fiscal 2024 were $7,444 million, compared to $7,704 million in fiscal 2023[189] Financial Performance - Operating income increased by 48% to $741 million, representing 10.0% of revenues, compared to 6.5% in fiscal 2023[180] - Net income attributable to common stockholders rose by 59% to $477 million, compared to $300 million in fiscal 2023[180] - Adjusted EBITDA as a percentage of revenues increased to 9.0% for fiscal 2024, compared to 8.8% for fiscal 2023[192] - Cash flows from operating activities decreased by 26% to $396 million, down from $532 million in fiscal 2023[180] - Cash used in financing activities rose to $725 million in fiscal 2024, reflecting higher principal payments and share repurchases[216] Employee and Diversity Metrics - The company employed approximately 24,000 individuals as of February 2, 2024, with a gender representation of 73% male and 27% female[53] - The gender pay equity ratio was approximately 99% for the compensation of women relative to men as of October 1, 2023[54] - In fiscal 2024, the company achieved a 28% representation of women in leadership roles, maintaining parity from fiscal 2023[55] - The company made progress in increasing the representation of people of color in leadership roles by 2% to 25% in fiscal 2024[55] - The annual employee culture survey showed significant improvement in sustainable engagement, with scores above national benchmarks[62] Operational Challenges and Risks - The company faces intense competition from established multinational companies and smaller specialized firms in the government services industry[45] - The U.S. government can cancel contracts at any time, but most contracts allow recovery of incurred costs and profits upon termination[35] - The company faces risks related to U.S. government budgetary changes, which could adversely affect future revenues and cash flows[78] - Increased scrutiny from government audits may restrict the company's ability to bid on new contracts and could result in significant customer refunds[90] - The company faces risks from potential government investigations that could lead to civil or criminal penalties, affecting profitability and reputation[92] Strategic Initiatives - The company completed a business reorganization effective February 3, 2024, transitioning from two operating sectors to five customer-facing business groups[164] - The company aims for a 20% reduction in Scopes 1 and 2 greenhouse gas emissions by 2030, having already achieved its previous reduction targets for 2025[72] - The company’s Innovation Factory develops enterprise-class solutions to accelerate digital transformation for customers[172] - The company may pursue strategic acquisitions, but these could involve risks that adversely affect operations and financial results[102] Community Engagement and Support - Employee volunteer hours increased by 10%, totaling over 29,000 hours contributed to community service[63] - The SAIC Foundation awarded over $58,000 in grants to support employees facing financial hardships in calendar year 2023[64] Contractual and Financial Obligations - Total contractual obligations amount to $2,928 million, with $340 million due in fiscal 2025[212] - Total long-term debt as of February 2, 2024, is $2,109 million, with $77 million due in fiscal 2025[212] - The company has estimated $251 million in gross net operating loss carryforwards and approximately $1.2 billion in tax basis for acquired amortizable goodwill and other intangible assets[95] Audit and Compliance - The company is subject to rigorous audits by the DCAA and DCMA, which could lead to adverse outcomes affecting profitability and cash flows[89] - The company has established policies and procedures to ensure compliance with complex laws and regulations affecting its business[38] - The company is subject to extensive federal and state privacy and data security laws, impacting operations involving personally identifiable information[36] Market and Economic Factors - Volatility in global capital markets could restrict the company's access to capital and increase its cost of capital[108] - Changes in U.S. tax laws, such as the requirement to amortize R&D expenditures over five years, could increase tax expenses and affect profitability[96] - Pension funding and costs are sensitive to economic assumptions, which could lead to significant fluctuations in future earnings and cash flow[120]

Science Applications International Corporation (SAIC) shares plunged 10% on Monday after the company reported lower-than-expected bottom-line results for the fourth quarter of fiscal 2024. The company reported fourth-quarter adjusted earnings of $1.43 per share, which lagged the Zacks Consensus Estimate by a penny. The figure also decreased 30% year over year due to lower revenues and higher expenses.Revenues declined 12% year over year to $1.74 billion but outpaced the consensus mark by 5.9%. The year-over ...