Every 8-K that Science Applications International Corporation (SAIC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow SAIC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SAIC filings page.
Science Applications International Corp (SAIC) reported second-quarter fiscal 2027 revenues of $1.88 billion, up 6.3% year over year with 5.3% organic growth, driven by ramp-up on existing and new contracts and the SilverEdge acquisition. Operating income rose to $152 million, and adjusted operating income reached $191 million with a 10.2% margin.
Net income declined to $102 million from $127 million, and diluted EPS fell to $2.38, while adjusted diluted EPS decreased to $3.01. Cash from operations increased to $146 million and free cash flow was $131 million. SAIC deployed $106 million in capital via share repurchases and dividends and reported total backlog of $22.1 billion.
For fiscal 2027, SAIC raised guidance: revenue to $7.2–$7.3 billion, adjusted EBITDA to $750–$755 million, adjusted EBITDA margin to 10.3–10.5%, and adjusted diluted EPS to $10.65–$10.75, while reiterating free cash flow guidance of >$600 million. A quarterly dividend of $0.37 per share was declared.
Science Applications International Corp (SAIC) reported that its board of directors declared a cash dividend of $0.37 per share on its common stock. The dividend is payable on October 23, 2026 to stockholders of record as of October 9, 2026. SAIC states that it intends to continue paying dividends on a quarterly basis, with each future dividend to be determined by the board based on earnings, financial condition, capital requirements and other factors. SAIC describes itself as a mission integrator serving defense, space, intelligence and civilian markets, with approximately $7.3 billion in annual revenues and a workforce of about 23,000.
Science Applications International Corporation (SAIC) entered into Amendment No. 6 to its Master Accounts Receivable Purchase Agreement with MUFG Bank, Ltd. as purchaser. The amendment increases the facility limit for sales of certain designated eligible U.S. government receivables to $400 million, up from $300 million. All other material terms of the existing agreement remain unchanged. The receivables purchase arrangement is also characterized as an obligation under an off-balance sheet arrangement for SAIC.
Science Applications International Corporation appointed David Benson and David Cush to its Board of Directors for an initial term beginning on August 20, 2026 and ending at the 2027 annual meeting of stockholders. To accommodate these appointments, the Board size was increased from ten to twelve directors.
As of the effective date, both Benson and Cush will serve on the Audit Committee; Benson will also join the Human Resources and Compensation Committee, while Cush will join the Nominating and Corporate Governance Committee. Benson brings extensive financial-services and capital-markets experience, including overseeing more than $25 billion in annual revenue and approximately 8,000 employees at Fannie Mae, along with prior CFO and capital-markets leadership roles. Cush adds deep operational and restructuring experience across aviation and transportation, including leading Virgin America through its IPO and a $4 billion sale, and overseeing a 330-location collision-repair business through transformation and sale. Both will receive the standard pro-rated cash and equity compensation for non-employee directors and may participate in the company’s Deferred Compensation Plan.
Science Applications International Corporation reported results of its virtual Annual Meeting of Stockholders held on June 3, 2026. Stockholders representing 36,007,862 shares, or approximately 83.5% of shares entitled to vote, were present in person or by proxy.
All director nominees were elected for one-year terms. Stockholders approved, on an advisory basis, the compensation of named executive officers and indicated a preference for holding Say-on-Pay votes every year. They also approved an increase in authorized shares under the 2023 Equity Incentive Plan.
In addition, stockholders ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending January 29, 2027.
Science Applications International Corporation (SAIC) reported a strong first quarter of fiscal 2027, with revenue of $1.91 billion, up about 2% year over year, including roughly 0.5% organic growth after the SilverEdge acquisition impact. Net income rose to $115 million from $68 million, and diluted EPS increased to $2.61 from $1.42, while adjusted diluted EPS grew to $3.23 from $1.92.
Profitability improved meaningfully: adjusted EBITDA reached $222 million, or 11.6% of revenue, versus 8.4% a year earlier, helped by better contract profitability, lower SG&A and a $12 million gain on an investment sale. Free cash flow was $118 million, compared with negative $44 million in the prior-year quarter, and net cash from operations was $127 million.
SAIC booked $2.1 billion of net awards for a quarterly book-to-bill of 1.1, and ended the quarter with an estimated backlog of about $22.9 billion, including $3.7 billion funded. The company returned $192 million to shareholders through $175 million of share repurchases and $17 million of dividends, and its board declared a subsequent quarterly dividend of $0.37 per share.
For fiscal 2027, SAIC reaffirmed revenue guidance of $7.0–$7.2 billion and free cash flow above $600 million, but raised its outlook for adjusted EBITDA to $720–$730 million, adjusted EBITDA margin to 10.1–10.3%, and adjusted diluted EPS to $9.90–$10.10. The quarter also featured several sizable contract wins across the U.S. Space and Intelligence Community, Department of Homeland Security, Air Force and Navy.
Science Applications International Corporation reported a leadership change tied to an internal reorganization. Srinivas Attili, Executive Vice President of the Civilian Business Group, stepped down from his role effective May 29, 2026 and will leave the company on or about June 12, 2026.
After his departure, Mr. Attili will receive severance benefits under Section 5 of SAIC’s Executive Severance, Change in Control and Retirement Policy. These benefits are conditioned on his signing and not revoking a release of claims against the company and agreeing to a two-year post-employment non-compete obligation.
Science Applications International Corporation (SAIC) announced that its board of directors declared a cash dividend of $0.37 per share on its common stock. The dividend will be paid on July 24, 2026 to stockholders of record as of July 10, 2026.
SAIC states that it intends to continue paying dividends on a quarterly basis, with each future dividend to be determined by the board based on earnings, financial condition, capital needs and other factors. The company describes itself as a mission integrator with annual revenues of approximately $7.3 billion and a workforce of about 23,000 employees.
Science Applications International Corporation filed an amended report to correct biographical information for new director Paul Eremenko. The filing reiterates that Eremenko and Admiral Michael Rogers joined the Board on April 8, 2026 for a term ending at the 2026 annual meeting.
The Board size increased from eleven to thirteen members, with both new directors joining the Audit Committee and the Technology Committee. They will receive the standard pro-rated cash and equity compensation for non-employee directors and may participate in the Company’s Deferred Compensation Plan. The filing states there are no related-party arrangements or transactions requiring disclosure.
Science Applications International Corporation added two new members to its Board of Directors, appointing Paul Eremenko and Admiral Michael Rogers, USN Retired, effective April 8, 2026, with terms running until the 2026 annual meeting of stockholders.
The company increased the Board size from eleven to thirteen members and assigned both new directors to the Audit Committee and the Technology Committee. Eremenko brings senior leadership experience in AI, aerospace and advanced technology from roles at P-1 AI, Universal Hydrogen, United Technologies, Airbus, Google and DARPA. Admiral Rogers contributes deep expertise in cyber operations, intelligence, national security and advanced defense technology from his service leading U.S. Cyber Command and the National Security Agency and from subsequent advisory and academic roles.
Both non-employee directors will receive standard pro-rated cash and equity compensation for Board service and may participate in the company’s Deferred Compensation Plan. The company states there are no arrangements, understandings, or related-party relationships tied to their selection that require disclosure.
Science Applications International Corporation (SAIC) reported softer top-line results but stronger profitability and cash generation for Q4 and fiscal 2026. Q4 revenue was $1.75 billion, down 5% year over year, while net income was $85 million and adjusted EBITDA was $181 million, or 10.3% of revenue. Q4 diluted EPS was $1.87 and adjusted diluted EPS was $2.62.
For fiscal 2026, revenue declined 3% to $7.26 billion, but net income was $358 million and free cash flow rose to $577 million. Diluted EPS increased to $7.70 and adjusted diluted EPS to $10.75. SAIC generated $609 million of operating cash flow and returned $492 million through share repurchases and dividends. Backlog reached $22.6 billion, and management issued fiscal 2027 guidance with revenue of $7.0–$7.2 billion, adjusted EBITDA of $705–$715 million, adjusted EPS of $9.50–$9.70, and free cash flow above $600 million.
Science Applications International Corporation announced that its board of directors declared a cash dividend of $0.37 per share on its common stock. The dividend will be paid on April 24, 2026 to stockholders of record as of April 10, 2026.
SAIC states that it intends to continue paying dividends on a quarterly basis, with each future dividend decision made by the board and dependent on earnings, financial condition, capital requirements and other factors. The company notes it has annual revenues of approximately $7.5 billion and about 24,000 employees across defense, space, civilian and intelligence markets.
Science Applications International Corporation appointed James (Jim) C. Reagan as Chief Executive Officer, effective February 17, 2026. Reagan, age 67, has nearly 40 years of experience in defense and government services, including serving as Executive Vice President and Chief Financial Officer of Leidos Holdings and as CFO at multiple government contractors.
He has been a member of SAIC’s Board since January 2023 and has served as Interim CEO since October 23, 2025. As CEO, his initial compensation includes a $1,200,000 annual base salary, a short‑term cash bonus target equal to 150% of base salary, and $7,500,000 of long‑term equity awards, split 40% into restricted stock units and 60% into performance stock units under SAIC’s 2023 equity incentive plan.
Reagan is eligible for the company’s deferred compensation plan and for termination benefits under SAIC’s executive severance and change‑in‑control policies if he is terminated without cause. SAIC describes itself as a Fortune 500 mission integrator with approximately $7.5 billion in annual revenues and about 24,000 employees serving defense, space, civilian, and intelligence customers.
Science Applications International Corporation announced preliminary fiscal 2026 results and reduced its fiscal 2027 revenue outlook while raising margin expectations. For 2026, revenue is estimated at about $7.26B, slightly below prior guidance, mainly due to procurement delays, a government shutdown, and weather disruptions.
Profitability outperformed earlier expectations, with adjusted EBITDA of roughly $705M, an adjusted EBITDA margin near 9.7%, adjusted diluted EPS of $10.40–$10.60, and free cash flow of $570M–$575M, all above prior targets. For 2027, SAIC now guides revenue to $7.0B–$7.2B, down from $7.35B–$7.55B, and expects organic decline of (4%) to (2%), reflecting unfavorable recompete losses and continued market disruptions.
Despite the lower top-line outlook, the company now targets a higher adjusted EBITDA margin of 9.9%–10.1% and free cash flow above $600M, supported by cost-efficiency initiatives and a more favorable business mix as it shifts away from commoditized Enterprise IT contracts toward Mission IT and Engineering.
Science Applications International Corporation (SAIC) announced a leadership change. As part of an internal reorganization, David C. Ray, Executive Vice President of the Space and Intelligence Business Group, has stepped down from his role immediately and will depart the company on January 30, 2026.
After his departure, Mr. Ray will receive severance pursuant to Section 5 of SAIC’s Executive Severance, Change in Control and Retirement Policy, contingent on a release of claims and a two-year post-employment non-compete. SAIC furnished a press release about this event under Item 7.01; it is not deemed filed under the Exchange Act.
Science Applications International Corporation (SAIC) appointed James C. Reagan as Interim Chief Executive Officer effective October 23, 2025. Reagan, a veteran finance executive in defense and government services and SAIC director since January 2023, previously served as EVP and CFO of Leidos and held senior roles at Vencore, PAE, Aspect Communications, MCI, Nextel, and AMS. In connection with his new role, he stepped down from the Board’s Audit and Human Resources and Compensation Committees.
Toni Townes-Whitley stepped down as CEO and from the Board, effective the same date. The Board began a search for the next CEO, engaging an executive search firm. Townes-Whitley separated without cause and is eligible for specified benefits under company policy, subject to a two-year post-employment non-compete and release of claims. Reagan’s compensation includes a $1,200,000 annual base salary, a short-term cash bonus target equal to 150% of base salary, and $2,000,000 in restricted stock units. The Board size decreased from twelve to eleven members.
Science Applications International Corporation furnished a current report to share information from a press release announcing that SAIC plans to acquire SilverEdge Government Solutions. The company states that the full text of the release, titled "SAIC to Acquire SilverEdge Government Solutions," is provided as Exhibit 99.1 and incorporated by reference.
The disclosure is made under Regulation FD, which is meant to provide fair access to important company information. SAIC also clarifies that the information in this section is being furnished rather than filed, and will not automatically become part of its other securities law reports unless specifically referenced in the future.
Science Applications International Corporation disclosed an amendment to its credit arrangements. The filing states the New Credit Facilities are secured by substantially all of the assets of the company and its wholly owned domestic subsidiaries and are guaranteed by those subsidiaries. The New Credit Facilities are subject to substantially the same covants and events of default as the existing loans, and the Eighth Amendment includes other conforming amendments. A copy of the Amendment is filed as Exhibit 10.1 and is incorporated by reference in the report.
Science Applications International Corporation closed a private offering of $500 million aggregate principal amount of 5.875% Senior Notes due 2033. The company received approximately $493.0 million in net proceeds after discounts and expenses and plans to repay all indebtedness outstanding under its revolving credit facility, with any remaining funds available for general corporate purposes, including working capital to fund growth and potential strategic projects and transactions.
The notes are senior unsecured obligations, fully and unconditionally guaranteed by certain existing and future domestic subsidiaries, and are issued under an indenture that includes customary restrictive covenants and events of default. The notes may be redeemed by the company on specified terms, and holders may have the right to require repurchase at a premium upon certain change of control events. The securities were sold in a private placement to qualified institutional buyers under Rule 144A and to non‑U.S. persons under Regulation S.
Science Applications International Corporation announced the pricing of a private offering of $500.0 million aggregate principal amount of Senior Notes due 2033 to eligible purchasers, subject to market and other conditions. The company plans to use the net proceeds to repay all indebtedness outstanding under its revolving credit facility and to pay related fees and expenses, with any remaining funds earmarked for general corporate purposes, including working capital to support growth and potential strategic projects and transactions.
The offering is expected to close on or about September 25, 2025, subject to customary closing conditions. The notes are being sold in a private placement and have not been registered under U.S. federal or state securities laws, meaning they may not be offered or sold in the United States without registration or a valid exemption.
Science Applications International Corporation has begun a private offering of $500.0 million aggregate principal amount of Senior Notes due 2033. At the same time, the company is seeking to amend its existing credit agreement to refinance its Term Loan A due June 2027 with up to $1.1 billion in new senior secured term loans maturing in 2030 and to replace its current revolving credit facility with a new $1.0 billion senior secured revolving credit facility maturing in 2030. The new term loans are expected to fund repayment of the existing Term Loan A, related fees and expenses, and any remaining cash would be added to the balance sheet. The note offering, the credit agreement amendment, and the new credit facilities are each subject to market and other conditions and are not contingent on one another, and there is no assurance any of these transactions will be completed.
Science Applications International Corporation (SAIC) furnished an update on its latest quarterly performance. The company issued a press release announcing financial results for its second fiscal quarter ended August 1, 2025, and made that release available as Exhibit 99.1. Management plans to review the company’s operations and results during an earnings conference call scheduled for 10:00 a.m. Eastern time on September 4, 2025, with a live audio broadcast and supplemental presentation accessible through the investor relations section of its website. The information in this report, including the press release, is being furnished rather than filed and is not automatically incorporated into other securities law filings.
Science Applications International Corporation reported that its Board of Directors declared a cash dividend of $0.37 per share on the company’s common stock. The dividend will be paid on October 24, 2025 to stockholders who are on record as of October 10, 2025. The company also noted that a related press release dated August 29, 2025 has been furnished as an exhibit.