Key Highlights

  • SAIC’s $0.37 quarterly Dividend trades ex-dividend October 9, 2026, with payment on October 23 to shareholders of record.
  • Second-quarter Revenue was $1,880 million, up about 6% from $1,769 million, with organic growth of approximately 5.3%.
  • Diluted EPS was $2.38, compared with $2.71, and adjusted diluted EPS (non-GAAP) was $3.01, compared with $3.63.
  • Fiscal 2027 adjusted diluted EPS guidance (non-GAAP) was raised to $10.65 to $10.75 from $9.90 to $10.10.

Science Applications International Corporation (NASDAQ:SAIC) declared a quarterly Cash Dividend of $0.37 per share, a Yield of 1.21%, payable October 23 to shareholders of record on October 9, 2026. The $0.37 amount equals 15.5% of second-quarter diluted EPS of $2.38 and 12.3% of adjusted diluted EPS of $3.01 (non-GAAP). Revenue was $1,880 million.

Dividend Program and Shareholder Returns

The board declared the $0.37 dividend on August 28, 2026, payable October 23 to shareholders of record on October 9. The shares trade ex-dividend on October 9. The company stated that it intends to continue paying dividends on a quarterly basis, subject to board decisions each quarter.

In the second quarter, the company deployed $106 million of capital, made up of $90 million of plan share repurchases and $16 million of cash dividends. The $0.37 quarterly amount equals $1.48 on an annualized basis, a computed figure. Each dividend remains subject to board approval.

About the Company

Science Applications International Corporation has about 23,000 employees. At July 31, 2026, cash and cash equivalents were $126 million, and total Debt was $2,485 million. Backlog was about $22.1 billion, of which about $3.8 billion was funded.

Second-Quarter Revenue, Income and Earnings

Revenue was $1,880 million, compared with $1,769 million, with organic growth of approximately 5.3% after adjusting for acquisitions. The Acquisition of SilverEdge Government Solutions contributed $20 million. Operating Income was $152 million, compared with $139 million, and the Operating Margin was 8.1%, compared with 7.9%.

Net income was $102 million, down 20% from $127 million, and diluted EPS was $2.38, down 12% from $2.71. Adjusted diluted EPS (non-GAAP) was $3.01, compared with $3.63. Income tax expense was $17 million, compared with a $19 million benefit a year earlier.

Cash Flow, Bookings and First-Half Results

Adjusted EBITDA (non-GAAP) was $193 million, with a margin of 10.3%, compared with 10.5%. Operating Cash Flow was $146 million, and free cash flow was $131 million, compared with $150 million.

Net bookings were about $1.2 billion, a quarterly book-to-bill ratio of 0.6, and the trailing twelve-month ratio was 0.8. For six months, revenue was $3,786 million, operating income was $331 million, Net Income was $217 million, and diluted EPS was $5.00, compared with $4.12.

Fiscal 2027 Guidance and Dividend Relationships

The company raised revenue guidance to $7.2 billion to $7.3 billion from $7.0 billion to $7.2 billion. Organic growth is guided to negative 2% to 0%. Adjusted EBITDA (non-GAAP) is guided to $750 million to $755 million, a margin of 10.3% to 10.5%, and free cash flow to more than $600 million.

The $1.48 annualized dividend equals 13.8% to 13.9% of the $10.65 to $10.75 adjusted EPS guidance, computed from the high and low ends. The $16 million of second-quarter dividends equals 12.2% of free cash flow of $131 million. The diluted share count fell to 42.8 million from 46.8 million.

Net income of $102 million equals 5.4% of revenue of $1,880 million, a computed margin. The $90 million of repurchases equals 68.7% of free cash flow of $131 million, and total Capital deployed of $106 million equals 80.9%, both computed. Funded backlog of about $3.8 billion equals 17.2% of the $22.1 billion total, and total debt less cash is $2,359 million, also computed.

Outlook

SAIC’s $0.37 quarterly dividend is payable October 23 to shareholders of record on October 9, 2026. The $10.65 to $10.75 adjusted EPS guidance, the 0.6 quarterly book-to-bill ratio, the $22.1 billion backlog, and the lower diluted share count are the relevant considerations.