SAIC Cuts Fiscal 2027 Revenue Outlook, Sees Margin Improvement but Lower EBITDA; Stock Drops
Science Applications International Corp. (NYSE: SAIC) reduced its fiscal 2027 revenue guidance after citing procurement delays and recent unfavorable recompete award outcomes. The company now expects fiscal 2027 revenue of $7.0 billion to $7.2 billion and an organic revenue decline of 2% to 4%. Management increased its adjusted EBITDA margin target…