Science Applications International Corp surged 7.99% in pre-market trading after posting second-quarter fiscal 2027 results that exceeded Wall Street expectations.
The Reston, Virginia-based defense and IT services contractor reported adjusted diluted earnings per share of $3.01, topping the $2.31 consensus by 30%. Revenue reached $1.88 billion, up 6.3% year-over-year and above the $1.76 billion estimate. The company also set a new 52-week intraday high of $130.98 during the session.
SAIC raised its full-year fiscal 2027 guidance, lifting adjusted diluted EPS to a range of $10.65–$10.75 from the prior $9.90–$10.10 outlook. Revenue guidance was increased to $7.20–$7.30 billion. The upward revision exceeded analyst expectations, which had anticipated EPS of $9.95.
CEO Jim Reagan highlighted the company's performance, stating that the team delivered solid organic growth and double-digit margins while maintaining disciplined execution. Analysts at Jefferies responded by raising SAIC's price target to $130 from $115.
The stock's gains outpaced peers Leidos Holdings and Booz Allen Hamilton, which traded only marginally higher, suggesting the move reflected company-specific momentum rather than a broad sector rally.
