SAIC wins USD 742 million contract: what it means for SAIC stock

Published on 10/05/2026 at 05:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 6.3 percent to USD 1.88 billion versus USD 1.76 billion consensus. For SAIC stock, work runs through September 14, 2031.

SAIC, US8086251076, Illustration mit AI erstellt.

Science Applications International Corporation (ISIN US8086251076) won a USD 742.0 million recompete contract from U.S. Customs and Border Protection on September 29, 2026, according to FinanzNachrichten. The five-year task order supports border-security systems and runs from September 15, 2026, through September 14, 2031, giving the award a defined delivery horizon for SAIC stock.

Five-year contract adds scale

SAIC will provide software development, operations, maintenance, upgrades and enhancements for CBP systems under the Alliant 2 vehicle. The award follows a separate USD 199.0 million five-year recompete task order for the agency's Integrated Traveler Initiatives program, as stated in the same September 29 release carried by FinanzNachrichten.

The contract matters against SAIC's government-heavy revenue base because it combines recurring systems support with a multi-year performance period. The source release identifies the work as support for traveler and cargo security systems rather than a one-time equipment delivery.

Revenue beats consensus in fiscal 2027

In the second quarter of fiscal 2027, revenue rose 6.3 percent year over year to USD 1.88 billion, versus a USD 1.76 billion consensus estimate, according to Yahoo Finance. Adjusted earnings per share reached USD 3.01, compared with a USD 2.25 consensus estimate, while adjusted EBITDA rose 4.3 percent year over year to USD 193.0 million.

The mix was also important. Defense and Intelligence revenue increased 5.5 percent to USD 1.45 billion, while Civilian revenue advanced 9.1 percent to USD 431.0 million in the second quarter of fiscal 2027, the Yahoo Finance report said.

SAIC raised fiscal 2027 revenue guidance to USD 7.2-7.3 billion from USD 7.0-7.2 billion. Adjusted EBITDA guidance also increased to USD 750.0-755.0 million from USD 720.0-730.0 million, giving the contract award a stronger financial backdrop.

Prior close remains the market marker

The last Lang & Schwarz close for SAIC was EUR 111.33 on October 2, 2026. The primary Nasdaq listing last stood at USD 125.26 on October 2, 2026, versus a USD 81.08-142.66 52-week range; market capitalization was USD 5.3 billion on that date.