Science Applications International Corp. (SAIC) saw its stock surge 10.04% during Thursday's intraday trading session following the release of its fiscal third-quarter earnings and updated guidance for fiscal year 2026.
The company reported adjusted earnings per share of $2.58 for Q3, beating analyst estimates of $2.15, while revenue of $1.87 billion slightly missed expectations. Investors cheered SAIC's raised FY2026 adjusted EPS guidance to $9.80-$10.00, up from the previous range of $9.40-$9.60. Additionally, strong net bookings of $2.2 billion and a robust backlog of $23.8 billion signaled healthy future revenue potential, driving the stock's significant upward movement.
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