Science Applications International Corporation (SAIC) reported its financial results for the first quarter of fiscal year 2026, showing a 2% year-over-year revenue increase to $1.88 billion and an adjusted earnings per share (EPS) of $1.92, flat compared to the previous year. The company posted an adjusted EBITDA of $157 million with an 8.4% margin. Despite strong contract momentum, including $2.4 billion in net bookings and a book-to-bill ratio of 1.3, SAIC experienced operating margin pressure and a negative free cash flow of $44 million, attributed to timing factors. The company secured a notable $1.8 billion contract with the U.S. Army Aviation and Missile Command (AvMC). SAIC reaffirmed its fiscal year 2026 adjusted EPS guidance in the range of $9.10 to $9.30. Meanwhile, Intelsat reported declines in revenue and adjusted EBITDA for the first quarter but noted increased aerospace equipment sales driven by a new flat-panel ESA antenna. Additionally, SAIC's stock declined by 4.8% in pre-market trading despite exceeding quarterly expectations.