Science Applications International Corp reports stronger-than-expected Q1 results and lifts earnings guidance amid rising defense demand.
Science Applications International Corp (SAIC) shares jumped Monday after the company posted first-quarter earnings that exceeded analyst estimates and raised its full-year outlook. The digital defense technology provider cited growing demand for its engineering, IT, and cybersecurity services across defense, space, and intelligence sectors.
SAIC previously reported 98% of its fiscal 2026 revenue tied to U.S. government contracts, underscoring its exposure to federal defense spending. The company’s upgraded IBD Relative Strength Rating reflects improved price performance amid broader sector tailwinds.
Shares gapped higher in early trading, reflecting investor optimism over the revised guidance and sustained government procurement trends.