Science Applications International Corp. (NASDAQ:SAIC) is a leading government technology contractor that provides essential engineering and IT solutions. The company works with various government clients, including a long-standing, two-decade partnership with the U.S. Navy. SAIC supports critical defense systems, such as the Navy's torpedo defense services, showcasing its vital role in national security.
On June 7, 2026, the analyst firm Jefferies reiterated its Hold analyst rating on Science Applications International Corp. While the rating remains unchanged, Jefferies increased its price target for the company to $115.00 from $100.00. A price target is an analyst's estimate of a stock's future value. The stock was trading at $114.35 during the announcement, reflecting current stock performance.
This analyst update follows Science Applications International Corp.'s strong first-quarter results. As highlighted by GuruFocus, the company's revenue increased 1.5% year-over-year to $1.91 billion, surpassing expectations. This performance marks a return to revenue growth after three quarters of decline. The recent acquisition of SilverEdge Government Solutions contributed $19.00 million to this revenue, demonstrating positive acquisition impact.
Profitability also saw a significant increase. As reported by Zacks, Science Applications International Corp.’s non-GAAP earnings per share (EPS) rose by 68.2% to $3.23, beating the estimate of $2.26. EPS is a key measure of a company's profit allocated to each share of stock, indicating its overall financial health.
Citing stronger profitability, Science Applications International Corp. raised its earnings guidance for fiscal year 2027. The company also reported $2.10 billion in net bookings and a new $50.60 million Navy contract. This contributes to a substantial backlog of $22.90 billion, which represents contracted future revenue.
