Why Is SCIENCE APPLICATIONS (SAIC) Stock Up Today?

Why SAIC stock is up today

Science Applications International Corp stock rose 8.26% to $136.37 in morning trading, driven by a strong earnings report and upwardly revised fiscal 2027 guidance. The company reported second-quarter adjusted earnings per share of $3.01, exceeding the $2.31 consensus estimate. It also raised its full-year adjusted EPS outlook to $10.65, $10.75 from $9.90, $10.10. The stock opened with a 3.2% gap up and reached an intraday high of $142.89 before settling near $134.85.

What Happened

The company announced Q2 revenues of $1.88 billion, surpassing the $1.766 billion estimate and reflecting 6.3% growth year-over-year. Organic revenue growth was reported at 5.3%. Net income for the quarter was $102 million, and adjusted EBITDA was $193 million, or 10.3% of revenue. In addition to the earnings beat, the company raised its FY27 revenue guidance to $7.2 billion, $7.3 billion from $7.0 billion, $7.2 billion. These results and expectations have led to positive market reaction and renewed investor interest.

What The Data Shows

The stock opened at $130.00 and traded as high as $142.89, with volume of 0.2 million shares, which is 0.3 times the 3-month average. The session has shown a strong upward bias, with the stock rising from the open. The price trend over the prior 8 sessions had been negative, with the stock falling 2.1% from $128.71 to $125.96. The current price is above its 52-week high of $130.98, indicating a breakout. No unusual options activity or insider transactions were reported in the provided data.

What To Watch

The company does not have an upcoming earnings date in the immediate future, but investors should monitor the breadth of coverage as the 13 stories from 11 sources in the last 36 hours suggest growing attention.