Science Applications International (NASDAQ:SAIC) stock slid on Thursday after reporting the second-quarter 2026 earnings.
The company reported a quarterly sales decline of 3% year-on-year to $1.77 billion, missing the analyst consensus estimate of $1.86 billion.
The adjusted EPS of $3.63 beat the analyst consensus estimate of $2.24.
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Operating income for the quarter rose by 4% to $139 million, and the operating margin expanded by 50 basis points to 7.9%.
Adjusted EBITDA increased 9% to $185 million with an adjusted EBITDA margin of 10.5%, a 110 basis points growth.
Net bookings for the quarter were approximately $2.6 billion, …