Science Applications International Corp

Strict cost discipline and the winding down of loss-making legacy projects are driving a noticeably higher operating cash flow at Science Applications International Corporation, despite only moderate revenue growth. The strategic focus is shifting the offering toward higher-margin IT services. The company confirmed a dividend of $0.37 and cites the US Department of Defense as a stabilizing customer that secures 55% of the core business. Two new supervisory board members are intended to further tighten capital allocation. » Mere på finanzen.net

Science Applications International beat consensus estimates in Q2 for both adjusted earnings per share ($3.01 vs. $2.31 expected) and revenue ($1.88 billion vs. $1.76 billion). The company raised its full-year guidance for adjusted EPS to $10.65–$10.75 and its revenue outlook to $7.20–$7.30 billion. Following the results and a target adjustment by Jefferies, the stock jumped sharply in pre-market trading and reached a new 52‑week high. » Mere på de.investing.com

SAIC's stock climbed to a 52-week high of $128.07 after gaining 39% over the past six months and 26% year-to-date. In the first quarter of fiscal 2027, SAIC beat expectations with EPS of $3.23 (expectation $2.28) and revenue of $1.91 billion (expectation $1.82 billion). Stifel raised the price target from $120 to $137 and affirmed the rating. » Mere på de.investing.com