Science Applications International Corp lifts annual earnings outlook following stronger-than-expected Q1 revenue of $1.91 billion.
Science Applications International Corp (SAIC) shares jumped 13% at Monday’s open after reporting first-quarter fiscal 2027 revenue of $1.91 billion, surpassing Wall Street estimates. The company also raised its full-year profit outlook, citing improved performance.
Analysts had anticipated lower earnings and revenue for the quarter. SAIC’s results reflect stronger demand in its core government services segment, contrasting with softer prints from peers in the prior quarter.
The stock’s gain marked one of the sector’s sharpest moves, reflecting investor optimism over the revised guidance.