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SAIC’s Earnings Dip In Second Quarter On Higher Taxes

Cal Biesecker By
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SAIC’s Earnings Dip In Second Quarter On Higher Taxes
Prabu Natarajan, SAIC's chief financial officer. Photo: SAIC

Science Applications International Corp. [SAIC] on Monday posted lower net income in the second quarter of its 2027 fiscal year due to a tax headwind while sales were higher. Net income fell 20 percent to $102 million, $2.38 earnings per share (EPS), from $127 million ($2.71 EPS) a year ago due to a tax benefit a year ago that boosted earnings then. Adjusted earnings in the quarter of $3.01 EPS were 74 cents above consensus estimates. Operating income of $152…

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