Track market-moving stories before they get noisy

By Reuters

April 24, 20263:05 AM UTCUpdated April 24, 2026

Item 1 of 2 An Audi E5 Sportback is displayed during a media day for the Auto Shanghai show in Shanghai, China April 23, 2025. REUTERS/Go Nakamura/File Photo

[1/2]An Audi E5 Sportback is displayed during a media day for the Auto Shanghai show in Shanghai, China April 23, 2025. REUTERS/Go Nakamura/File Photo Purchase Licensing Rights, opens new tab

CompaniesBEIJING, April 24 (Reuters) - China ​and Germany will contribute ⁠their strongest ​capabilities to the ​Audi brand, an SAIC VW executive said on ​Friday, with ​the establishment of a ‌new ⁠SAIC-Audi research centre representing the start of the ​3.0 ​era ⁠of joint venture partnership.

(This story has been refiled to correct reporting credits to say reporting by Zoey Zhang and David Dolan in Beijing)

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Reporting ​by Zoey Zhang ​and ⁠David Dolan in Beijing; Writing ⁠by ​Farah ​Master in Hong Kong; Editing ​by Muralikumar Anantharaman

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National Capitol Classic golf fundraiser at the historic Army Navy Country Club, co-hosted with SAIC and Amazon Web Services, raised funds to support these veterans and their families and expand Building Homes for Heroes' impact nationwide

, /PRNewswire/ -- Building Homes for Heroes, joined by corporate partners Science Applications International Corp. (NASDAQ: SAIC) and Amazon Web Services, announced yesterday it will gift mortgage-free homes to U.S. Air Force Staff Sergeant, Gregory Walker and Army Specialist, Ryan Heard, two injured veterans whose service and sacrifice exemplify the very best of our armed forces. The home gifts will provide long-term stability for both veterans and their families as they continue their road to recovery.

Members of Building Homes for Heroes, SAIC and AWS gather at the second annual National Capitol Classic golf outing at Army Navy Country Club in Washington, D.C., where Building Homes for Heroes announced mortgage-free home gifts for two injured veterans. (PRNewsfoto/Building Homes For Heroes) These gifts are made possible through the steadfast support of Building Homes for Heroes' valued partners, SAIC and AWS, and were the highlight of the second annual National Capitol Classic golf outing hosted by the three organizations at the historic Army Navy Country Club. The event brought together corporate partners, community supporters, and veterans to raise awareness and support for Building Homes for Heroes' mission of building better and brighter lives for our nation's heroes.

The announcement was the culmination of a day of celebration of our nation's heroes, as patriotic corporations, hundreds of supporters, and dozens of veterans gathered for the golf outing in support of Building Homes for Heroes' mission. As the organization marks its 20th anniversary in 2026, it continues to build on its commitment with their 50+500+5,000 campaign: constructing, gifting and modifying a record 50 homes this year, reaching its milestone 500th home before the end of 2026, and supporting more than 5,000 veterans, first responders, and their family members through all its programs since 2006.

The Veterans Receiving Mortgage-Free Homes

Walker enlisted in the Air Force in 2008 and served for more than 12 years, including three deployments to Afghanistan. During his service and in the years following, Walker was diagnosed with Synovial Sarcoma, a rare cancer that ultimately resulted in the amputation of his left leg below the knee. Despite these challenges, he has remained deeply committed to his fellow veterans and the adaptive sports community, competing in the Invictus Games and training to become a Paralympic athlete.

"Presenting Staff Sergeant Walker and Specialist Heard with mortgage-free homes is a powerful reminder of our responsibility to the men and women who have served our country," said Andy Pujol, founder and CEO of Building Homes for Heroes. "Between Staff Sergeant Walker's determination in the face of a life-changing diagnosis, and Specialist Heard's courage under fire in Afghanistan and his ongoing recovery from a traumatic brain injury, these are the stories that drive our mission every day. Homes like these are made possible through our valued partnerships with organizations like SAIC and AWS, whose unwavering support allows us to create life-changing moments for deserving heroes and their families."

Inspired by his father's 23 years of service in the Florida National Guard and driven by the events of September 11, 2001, Heard enlisted in the Army in February 2007 out of Jacksonville, Florida. During his more than six years of service, Heard completed two deployments to Iraq and one to Afghanistan. On July 7, 2013, while conducting a counter-IED mission in Afghanistan's Logar Province, he and three fellow soldiers triggered a pressure-plate IED. The explosion left him with a severe traumatic brain injury, and despite his injuries, he helped treat wounded comrades and coordinate medical evacuation before losing consciousness. Today, Heard lives with a TBI, PTSD, chronic migraines, and numerous other service-connected conditions, and has found healing through nature-based therapy, including fishing, kayaking, and equine therapy programs for veterans. He is a Purple Heart recipient, and together with his partner, is raising two young children, driven by his dreams of providing a stable home for his family in Tampa, Florida.

"Helping warriors like Staff Sergeant Walker and Specialist Heard with mortgage-free homes is a great way to take purposeful action during Military Appreciation Month," said SAIC CEO Jim Reagan. "SAIC is proud to collaborate with Amazon Web Services and the many other corporate partners who attended today's golf fundraiser for Building Homes for Heroes, an extraordinary organization that is making a huge difference for veterans, their families, and Gold Star families."

About Building Homes for Heroes
Building Homes for Heroes builds and gifts mortgage-free homes, and completes home modifications, for veterans, emergency first responders and their families, and provides further services along their road to recovery to help them live a promising and fulfilling life ahead. The organization reached a 96% program rating in 2025, the 13th straight year earning a program rating of at least 93%. It also received a perfect 4-star rating from Charity Navigator for seven straight years, including a 100% in transparency and accountability.

Media Contact
David Weingrad, Building Homes for Heroes, Director of Communications, (516) 643-0325

SOURCE Building Homes For Heroes

On May 22, 2026, Science Applications International Corp SAIC shares rose 4.1% to a current price of $100.01. This movement comes amidst a 52-week trading range of $81.08 to $123.16, indicating notable volatility in its recent price history.

GF Value™ verdict: Current price of $100.01 is 19.1% below the GF Value™ estimate of $123.66, indicating the stock is undervalued.GF Score™: The company holds a score of 77/100, which classifies it as above average in terms of overall quality and performance metrics.Most notable signal: Insider activity shows that there has been no selling with insiders buying $0.0M in the last three months, indicating confidence in the company’s future prospects. Is SAIC Overvalued or Undervalued? The current price of Science Applications International Corp SAIC at $100.01 is significantly below the GF Value™ estimate of $123.66, which suggests that the stock is undervalued by approximately 19.1%. This creates a margin of safety for potential investors, as the difference between the current market price and the intrinsic value indicates room for price appreciation. The GF Valuation label describes SAIC as "Modestly Undervalued," hinting at a potential opportunity for long-term growth if market conditions align favorably.

While being undervalued presents a potential investment opportunity, caveats remain. Market conditions can be unpredictable, influencing stock prices independent of intrinsic value calculations. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. Therefore, while the current valuation may suggest a favorable entry point, investors should consider broader economic factors and company fundamentals before making any decisions.

How Does SAIC's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 13.0x 17.0x Forward P/E 10.5x N/A Currently, SAIC’s P/E ratio of 13.0x is well below its 5-year median P/E of 17.0x, indicating that the stock is trading at a discount compared to its historical valuation. The forward P/E of 10.5x further supports the notion that the stock is attractively priced relative to its past performance. This P/E analysis aligns with the GF Value™ verdict of being undervalued, reinforcing the idea that the stock may present an appealing opportunity for long-term growth.

What Does SAIC's GF Score™ Tell Us? Metric Rating GF Score™ 77/100 Financial Strength 5/10 Profitability 9/10 Growth 6/10 Valuation 8/10 Momentum 2/10 The GF Score™ of 77/100 suggests that SAIC is positioned above average in terms of its overall quality and performance. The strongest aspect of SAIC's profile is its profitability, scoring 9/10, indicating robust earnings capabilities. However, the momentum rank of 2/10 highlights a potential concern, suggesting that the stock may not be experiencing favorable price trends at this time. Overall, the combination of a high profitability rank and moderate scores in other categories suggests that while SAIC has strong foundational elements, it could benefit from improved momentum in the market.

What Are Insiders Doing with SAIC Stock? Recent insider activity for Science Applications International Corp shows that there have been no significant transactions, with insiders having not sold any shares and reported buying $0.0M in the last three months. This lack of selling activity can indicate that insiders are confident in the company's future performance and outlook, which can be a positive signal for potential investors.

What This Means for Investors Based on the GF Value™ assessment, Science Applications International Corp SAIC appears to be undervalued at its current price of $100.01, compared to the intrinsic value of $123.66. This suggests a potential opportunity for investment, provided that investors consider the broader market context and company fundamentals.

For the complete analysis, visit the Science Applications International Corp SAIC stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is SAIC's GF Score™?

SAIC has a GF Score™ of 77/100, indicating that it is above average in terms of quality and performance based on multiple key metrics.

Is SAIC overvalued or undervalued?

SAIC is currently undervalued, with a GF Value™ of $123.66, suggesting there is potential for price appreciation from its current level of $100.01.

What is SAIC's P/E ratio?

SAIC's P/E ratio is 13.0x, which is significantly lower than its 5-year median P/E of 17.0x, indicating that the stock is trading at a discount compared to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

May 29, 2026 08:10 ET  | Source: SAIC, Inc.

RESTON, Va., May 29, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) announced today that the company’s board of directors declared a cash dividend of $0.37 per share of the company’s common stock payable on July 24, 2026 to stockholders of record on July 10, 2026.

SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the board of directors each quarter and will depend on earnings, financial condition, capital requirements and other factors.

About SAIC
SAIC® is a premier mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, intelligence, and civilian markets includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.3 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements
Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Media Contact:
Darryn James
[email protected]

Investor Relations Contact:
Jon Raviv
[email protected]

Revenues of $1.91 billion, approximately 2% growth; 0.5% organic growth(1) adjusted for SilverEdge acquisitionNet bookings of $2.1 billion; quarterly book-to-bill ratio of 1.1; trailing twelve months book-to-bill ratio of 1.0Net income of $115 million; Adjusted EBITDA(1) of $222 million or 11.6% of revenuesDiluted earnings per share of $2.61; Adjusted diluted earnings per share(1) of $3.23Cash flows provided by operating activities of $127 million; Free cash flow(1) of $118 millionCompany increases fiscal year 2027 guidance for adjusted EBITDA(1), adjusted EBITDA margin %(1) and adjusted diluted EPS(1); reiterates revenue and free cash flow(1) guidance RESTON, Va., June 01, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corporation (NASDAQ: SAIC), a premier mission integrator driving our nation's digital transformation across the defense, space, intelligence, and civilian markets, today announced results for the first quarter ended May 1, 2026.

"I am proud of our team’s performance this quarter, delivering record margin and modest organic growth," said Jim Reagan, SAIC Chief Executive Officer. "These results reflect our focus on execution and our commitment to our financial targets. We are raising our guidance to reflect this strong start, while continuing to invest for the future. We are also advancing our enterprise transformation and strategy efforts to drive long-term growth and margin expansion, and to support our customers’ most critical missions."

First Quarter of Fiscal Year 2027: Summary Operating Results

 Three Months Ended May 1,
2026 Percent
change May 2,
2025 (dollars in millions, except per share amounts)Revenues$1,906  2% $1,877 Operating income 179  48%  121 Operating income as a percentage of revenues 9.4% 300bps  6.4%Adjusted operating income(1) 221  40%  158 Adjusted operating income as a percentage of revenues 11.6% 320bps  8.4%Net income 115  69%  68 EBITDA(1) 220  41%  156 EBITDA as a percentage of revenues 11.5% 320bps  8.3%Adjusted EBITDA(1) 222  41%  157 Adjusted EBITDA as a percentage of revenues 11.6% 320bps  8.4%Diluted earnings per share$2.61  84% $1.42 Adjusted diluted earnings per share(1)$3.23  68% $1.92 Net cash provided by operating activities$127  27% $100 Free cash flow(1)$118  368% $(44) (1)Non-GAAP measure, see Schedule 6 for information about this measure.

First Quarter Summary Results

Revenues for the quarter increased $29 million or approximately 2% compared to the same period in the prior year primarily due to revenues from the acquisition of SilverEdge Government Solutions ("SilverEdge") of $19 million and ramp up in volume on existing and new contracts, partially offset by contract completions. Adjusting for the acquisition of SilverEdge, revenues grew by approximately 0.5%.

Operating income as a percentage of revenues for the quarter increased compared to the same period in the prior year primarily due to improved profitability across our contract portfolio and a $12 million gain from the sale of an investment in the current year.

Adjusted EBITDA(1) as a percentage of revenues for the quarter increased to 11.6% from 8.4% for the same period in the prior year due to improved profitability across our contract portfolio, a $12 million gain from the sale of an investment in the current year, and lower selling, general and administrative expenses.

Diluted earnings per share for the quarter was $2.61 compared to $1.42 in the prior year quarter. Adjusted diluted earnings per share(1) for the quarter was $3.23 compared to $1.92 in the prior year quarter. The weighted-average diluted shares outstanding during the quarter decreased to 44.0 million from 47.8 million during the prior year quarter.

(1)Non-GAAP measure, see Schedule 6 for information about this measure.

Cash Generation and Capital Deployment

Cash flows provided by operating activities for the first quarter increased $27 million compared to the prior year quarter primarily due to timing of vendor payments, lower cash incentive-based compensation payments, and other changes in working capital, partially offset by lower cash inflows from the usage of the MARPA Facility and higher interest paid in the current year.

During the quarter, SAIC deployed $192 million of capital, consisting of $175 million of plan share repurchases and $17 million in cash dividends.

Quarterly Dividend Declared

Subsequent to quarter end, on May 28, 2026, the Company's Board of Directors declared a cash dividend of $0.37 per share of the Company's common stock payable on July 24, 2026 to stockholders of record on July 10, 2026. SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the Board of Directors each quarter and will depend on earnings, financial condition, capital requirements and other factors.

Backlog and Contract Awards

Net bookings for the quarter were approximately $2.1 billion which reflects a book-to-bill ratio of 1.1 and a trailing twelve months book-to-bill ratio of 1.0. SAIC’s estimated backlog at the end of the quarter was approximately $22.9 billion. Of the total backlog amount, approximately $3.7 billion was funded.

Notable New and Recompete Awards:

U.S. Space and Intelligence Community: During the quarter, SAIC was awarded several awards within the U.S. Space and Intelligence Community, including:

A seven-year recompete contract of approximately $330 million with a Space and Intelligence Community customer. Under this contract, SAIC will provide systems engineering and technical assistance to its customer.A seven-year recompete of approximately $540 million with a Space and Intelligence Community customer. Under this contract, SAIC will provide systems engineering and technical assistance in the form of subject matter expertise.A seven-year recompete of approximately $100 million with a Space and Intelligence Community customer. Under this contract, SAIC will provide organizational support, mission analysis and engineering, program support, and additional technical services.
U.S. Department of Homeland Security: During the quarter, SAIC was awarded a five-year (one-year base, plus four, one-year option periods) recompete contract of approximately $200 million with the U.S. Department of Homeland Security, in its Civilian business group. Under this contract, SAIC will provide technology enhancement, modernization, and refresh of customer systems.

U.S. Air Force: During the quarter, SAIC was awarded a five-year (three-year base, plus two, one-year option periods) contract of approximately $192 million with the Air Force Lifecycle Management Center. Under this contract, SAIC will provide digital infrastructure support via design, development, testing and deployment.

U.S. Navy: During the quarter, SAIC was awarded a six-year (one-year base, plus five, one-year option periods) contract of approximately $123 million with the Naval Information Warfare Systems Command. SAIC will provide systems engineering and support services toward the upgrade and refurbishment of the Royal Saudi Naval Forces (RSNF) C4ISR Systems.

Notable Awards Subsequent to Period End (not included in current quarter bookings):

Federal Aviation Administration ("FAA"): Subsequent to the end of the quarter, SAIC was awarded several task orders totaling $100 million. Under these task orders, SAIC will support systems engineering, software development and other services in support of the FAA's air traffic organization, which manages all of U.S. civilian airspace and airports.

Fiscal Year 2027 Guidance

The table below summarizes fiscal year 2027 guidance and represents the Company's views as of June 1, 2026.        

 CURRENTPRIOR Fiscal YearFiscal Year 2027 Guidance2027 GuidanceRevenue$7.0B - $7.2B$7.0B - $7.2BOrganic Growth(1)(4%) - (2%)(4%) - (2%)Adjusted EBITDA(1)$720M - $730M$705M - $715MAdjusted EBITDA Margin %(1)10.1% - 10.3%9.9% - 10.1%Adjusted Diluted EPS(1)$9.90 - $10.10$9.50 - $9.70Free Cash Flow(1)>$600M>$600M (1)Non-GAAP measure, see Schedule 6 for information about this measure.

Webcast Information

SAIC management will discuss operations and financial results in an earnings conference call beginning at 10:00 a.m. Eastern time on June 1, 2026. The conference call will be webcast simultaneously to the public through a link on the Investor Relations section of the SAIC website (https://investors.saic.com/). We will be providing webcast access only – “dial-in” access is no longer available. Additionally, a supplemental presentation will be available to the public through links to the Investor Relations section of the SAIC website. After the call concludes, an on-demand audio replay of the webcast can be accessed on the Investor Relations website.

About SAIC

SAIC® is a premier mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, intelligence, and civilian markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.3 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Media Contact

Darryn James
Director, Media and Brand Reputation
[email protected]

Investor Relations Contact

Jon Raviv
Vice President, Investor Relations
[email protected]

GAAP to Non-GAAP Guidance Reconciliation

The Company does not provide a reconciliation of forward-looking adjusted diluted EPS to GAAP diluted EPS, adjusted EBITDA margin to GAAP net income or free cash flow to GAAP net cash flows from operating activities due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Because certain deductions for non-GAAP exclusions used to calculate net income and cash flows from operating activities may vary significantly based on actual events, the Company is not able to forecast GAAP diluted EPS, GAAP net income or GAAP net cash flows from operating activities with reasonable certainty. The variability of the above charges may have an unpredictable and potentially significant impact on our future GAAP financial results.

Forward-Looking Statements

Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at www.saic.com or on the SEC’s website at www.sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Schedule 1:

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)   Three Months Ended May 1,
2026 May 2,
2025 (in millions, except per share amounts)Revenues$1,906  $1,877 Cost of revenues 1,657   1,668 Selling, general and administrative expenses 83   89 Other operating (income) expense (13)  (1)Operating income 179   121 Interest expense, net 33   30 Other (income) expense, net 1   5 Income before income taxes 145   86 Income tax (expense) benefit (30)  (18)Net income$115  $68     Weighted-average number of shares outstanding:   Basic 43.7   47.6 Diluted 44.0   47.8 Earnings per share:   Basic$2.63  $1.43 Diluted$2.61  $1.42 
Schedule 2:

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)     May 1,
2026 January 30,
2026 (in millions)ASSETS   Current assets:   Cash and cash equivalents$109 $182Receivables, net 962  853Prepaid expenses 102  122Other current assets 26  22Total current assets 1,199  1,179Goodwill 2,944  2,944Intangible assets, net 729  761Property, plant, and equipment, net 111  110Operating lease right of use assets 184  193Other assets 171  167Total assets$5,338 $5,354LIABILITIES AND EQUITY   Current liabilities:   Accounts payable$634 $500Accrued payroll and employee benefits 278  316Other accrued liabilities 99  147Debt, current portion 26  19Total current liabilities 1,037  982Debt, net of current portion 2,460  2,468Operating lease liabilities 189  198Deferred income taxes 125  104Other long-term liabilities 104  102Equity:   Total stockholders' equity 1,423  1,500Total liabilities and stockholders' equity$5,338 $5,354
Schedule 3:

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)   Three Months Ended May 1,
2026 May 2,
2025 (in millions)Cash flows from operating activities:   Net income$115  $68 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation and amortization 40   36 Stock-based compensation expense 13   15 Deferred income taxes 21   (1)Gain on sales of investments (12)  — Other (2)  1 Increase (decrease) resulting from changes in operating assets and liabilities:   Receivables (109)  (9)Prepaid expenses and other current assets 15   6 Accounts payable and other accrued liabilities 85   33 Accrued payroll and employee benefits (38)  (51)Operating lease assets and liabilities, net (1)  (2)Other assets and other long-term liabilities, net —   4 Net cash provided by operating activities 127   100 Cash flows from investing activities:   Proceeds from sales of investments 15   — Sales of marketable securities 5   3 Purchases of marketable securities (4)  (4)Expenditures for property, plant, and equipment (9)  (8)Contributions to investments (6)  (6)Net cash provided by (used in) investing activities 1   (15)Cash flows from financing activities:   Stock repurchased and retired or withheld for taxes on equity awards (188)  (142)Dividend payments to stockholders (17)  (19)Principal payments on borrowings (1)  (689)Proceeds from borrowings —   750 Issuances of stock 5   6 Net cash used in financing activities (201)  (94)Net decrease in cash, cash equivalents and restricted cash (73)  (9)Cash, cash equivalents and restricted cash at beginning of period 190   64 Cash, cash equivalents and restricted cash at end of period$117  $55 
Schedule 4:

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
SEGMENT OPERATING RESULTS
(Unaudited)   Three Months Ended May 1,
2026 May 2,
2025 (dollars in millions)Revenues   Defense and Intelligence$1,466  $1,433 Civilian 440   444 Total revenues$1,906  $1,877     Adjusted operating income (loss)   Defense and Intelligence$146  $115 Civilian 68   52 Corporate 7   (9)Total adjusted operating income$221  $158     Adjusted operating margin   Defense and Intelligence 10.0%  8.0%Civilian 15.5%  11.7%Total adjusted operating margin 11.6%  8.4%
First Quarter Defense and Intelligence Results

Revenues for the quarter increased $33 million or 2% compared to the same period in the prior year primarily due to revenues from the acquisition of SilverEdge of $19 million and ramp up in volume on existing and new contracts, partially offset by contract completions.

Adjusted operating income as a percentage of revenues increased compared to the same period in the prior year primarily due to improved profitability and timing and volume mix in our contract portfolio, partially offset by contract completions.

First Quarter Civilian Results

Revenues for the quarter decreased $4 million or 1% compared to the same period in the prior year primarily due to contract completions, partially offset by new contracts.

Adjusted operating income as a percentage of revenues increased from the comparable prior year period primarily due to improved profitability across our contract portfolio.

First Quarter Corporate Results

Adjusted operating income was $7 million for the current quarter compared to an adjusted operating loss of $9 million during the same period in the prior year primarily due to a gain on an investment sale of $12 million in the current year and lower selling, general and administrative expenses.

Schedule 5:

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
BACKLOG
(Unaudited)

The estimated value of our total backlog as of the dates presented was:

 May 1, 2026 January 30, 2026 Defense and IntelligenceCivilianTotal SAIC Defense and IntelligenceCivilianTotal SAIC (in millions)Funded backlog$2,675$1,061$3,736 $2,511$1,061$3,572Negotiated unfunded backlog 15,946 3,178 19,124  15,869 3,181 19,050Total backlog$18,621$4,239$22,860 $18,380$4,242$22,622 Backlog represents the estimated amount of future revenues to be recognized under negotiated contracts and task orders as work is performed and excludes contract awards which have been protested by competitors until the protest is resolved in our favor. SAIC segregates backlog into two categories, funded backlog and negotiated unfunded backlog. Funded backlog for contracts with government agencies primarily represents contracts for which funding is appropriated less revenues previously recognized on these contracts, and does not include the unfunded portion of contracts where funding is incrementally appropriated or authorized by the U.S. government and other customers even though the contract may call for performance over a number of years. Funded backlog for contracts with non-government agencies represents the estimated value of contracts which may cover multiple future years under which SAIC is obligated to perform, less revenues previously recognized on these contracts. Negotiated unfunded backlog represents the estimated future revenues to be earned from negotiated contracts for which funding has not been appropriated or authorized, and unexercised priced contract options. Negotiated unfunded backlog does not include any estimate of future potential task orders expected to be awarded under indefinite delivery, indefinite quantity (IDIQ), U.S. General Services Administration (GSA) schedules or other master agreement contract vehicles, with the exception of certain IDIQ contracts where task orders are not competitively awarded and separately priced but instead are used as a funding mechanism, and where there is a basis for estimating future revenues and funding on future anticipated task orders.

Schedule 6:

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
NON-GAAP FINANCIAL MEASURES
(Unaudited)

This schedule describes the consolidated non-GAAP financial measures included in this earnings release. While we believe that these non-GAAP financial measures may be useful in evaluating our financial information, they should be considered as supplemental in nature and not as a substitute for financial information prepared in accordance with GAAP. Reconciliations, definitions, and how we believe these measures are useful to management and investors are provided below. Other companies may define similar measures differently. Organic growth is a performance measure that excludes the impact of acquisitions and divestitures. Organic growth is calculated by taking consolidated revenues and excluding revenues from acquisitions and divestitures during the periods presented, when applicable. See schedules below for the definitions of other non-GAAP measures.

Adjusted Operating Income

 Three Months Ended May 1,
2026 May 2,
2025 (dollars in millions)Revenues$1,906  $1,877 Operating income$179  $121 Operating income as a percentage of revenues 9.4%  6.4%Depreciation of property, plant and equipment 8   7 Amortization of intangible assets 32   29 Acquisition, integration, restructuring and impairment costs 2   3 Recovery of acquisition, integration, restructuring and impairment costs (1)  (2)Costs related to the settlement of federal tax audits 1   — Adjusted operating income(1)$221  $158 Adjusted operating income as a percentage of revenues 11.6%  8.4% Adjusted operating income is a performance measure that primarily excludes the impact of non-recurring transactions and activities that we do not consider to be indicative of our ongoing operating performance. Adjusted operating income is calculated by taking operating income and excluding depreciation and amortization, acquisition, integration, restructuring, and impairment costs, and any other material non-recurring costs. Depreciation of property, plant, and equipment relates to property, plant, and equipment specifically identifiable for each segment. Adjusted operating income excludes amortization of intangible assets because we do not have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition's purchase price allocated to intangible assets and the related amortization term are unique to each acquisition. Acquisition, integration, restructuring and impairment costs represent costs incurred related to acquisitions, the reorganization, facilities optimization efforts, and impairments of long-lived assets, along with associated depreciation. Recovery of acquisition, integration, restructuring and impairment costs represents costs recovered through our indirect rates in accordance with Cost Accounting Standards. Costs related to the settlement of federal tax audits represent costs related to the IRS audit settlement for fiscal years 2016 through 2019. We believe that this performance measure provides management and investors with useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding our long-term financial performance.

(1)Non-GAAP measure, see above for definition.

Schedule 6 (continued):

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
NON-GAAP FINANCIAL MEASURES
(Unaudited)  EBITDA and Adjusted EBITDA  Three Months Ended May 1,
2026 May 2,
2025 (dollars in millions)Revenues$1,906  $1,877 Net income$115  $68 Interest expense, net and loss on sale of receivables 35   34 Income tax expense (benefit) 30   18 Depreciation and amortization 40   36 EBITDA(1) 220   156 EBITDA as a percentage of revenues 11.5%  8.3%Acquisition, integration, restructuring and impairment costs 2   3 Recovery of acquisition, integration, restructuring and impairment costs (1)  (2)Costs related to the settlement of federal tax audits 1   — Adjusted EBITDA(1)$222  $157 Adjusted EBITDA as a percentage of revenues 11.6%  8.4% EBITDA is a performance measure that is calculated by taking net income and excluding interest and loss on sale of receivables, provision for income taxes, and depreciation and amortization. Adjusted EBITDA is a performance measure that excludes the impact of non-recurring transactions and activities that we do not consider to be indicative of our ongoing operating performance. Adjusted EBITDA is calculated by taking EBITDA and excluding acquisition, integration, restructuring and impairment costs, and any other material non-recurring costs. Acquisition, integration, restructuring and impairment costs represent costs incurred related to acquisitions, the reorganization, facilities optimization efforts, and impairments of long-lived assets, along with associated depreciation. Recovery of acquisition, integration, restructuring and impairment costs represents costs recovered through our indirect rates in accordance with Cost Accounting Standards. Costs related to the settlement of federal tax audits represent costs related to the IRS audit settlement for fiscal years 2016 through 2019. We believe that these performance measures provide management and investors with useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company.

(1)Non-GAAP measure, see above for definition.

Schedule 6 (continued):

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
NON-GAAP FINANCIAL MEASURES
(Unaudited)  Adjusted Diluted Earnings Per Share
 Three Months Ended May 1, 2026 (in millions, except per share amounts) As Reported Amortization of intangible assets Acquisition, integration, restructuring and impairment costsRecovery of acquisition, integration, restructuring and impairment costs Costs related to the settlement of federal tax audits Non-GAAP results(1)Income before income taxes$145  $32  $2$(1) $1 $179 Income tax (expense) benefit (30)  (7)  — —   —  (37)Net income$115  $25  $2$(1) $1 $142            Diluted EPS$2.61  $0.57  $0.05$(0.02) $0.02 $3.23   Three Months Ended May 2, 2025 (in millions, except per share amounts) As Reported Amortization of intangible assets Acquisition, integration, restructuring and impairment costs Recovery of acquisition, integration, restructuring and impairment costs Non-GAAP results(1)Income before income taxes$86  $29  $3 $(2) $116 Income tax (expense) benefit (18)  (6)  —  —   (24)Net income$68  $23  $3 $(2) $92           Diluted EPS$1.42  $0.48  $0.06 $(0.04) $1.92  Adjusted diluted earnings per share is a performance measure that excludes the impact of non-recurring transactions and activities that we do not consider to be indicative of our ongoing operating performance. Adjusted diluted earnings per share excludes amortization of intangible assets because we do not have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition's purchase price allocated to intangible assets and the related amortization term are unique to each acquisition. Acquisition, integration, restructuring and impairment costs represent costs incurred related to acquisitions, the reorganization, facilities optimization efforts, and impairments of long-lived assets, along with associated depreciation. Recovery of acquisition, integration, restructuring and impairment costs represents costs recovered through our indirect rates in accordance with Cost Accounting Standards. Costs related to the settlement of federal tax audits represent costs related to the IRS audit settlement for fiscal years 2016 through 2019. We believe that this performance measure provides management and investors with useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company.

(1)Non-GAAP measure, see above for definition.

Schedule 6 (continued):

SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
NON-GAAP FINANCIAL MEASURES
(Unaudited)  Free Cash Flow  Three Months Ended May 1,
2026 May 2,
2025 (in millions)Net cash provided by operating activities$127  $100 Expenditures for property, plant, and equipment (9)  (8)Cash used from (provided by) MARPA Facility —   (136)Free cash flow(1)$118  $(44)  FY27 Guidance (in millions)Net cash provided by operating activities>$635MExpenditures for property, plant, and equipmentApproximately $35MFree cash flow(1)>$600M Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sale of certain designated eligible U.S. government receivables. Under the MARPA Facility, the Company can sell eligible receivables up to a maximum amount of $300 million. We believe that free cash flow provides management and investors with useful information in assessing trends in our cash flows and in comparing them to other peer companies, many of whom present similar non-GAAP liquidity measures. This measure should not be considered as a measure of residual cash flow available for discretionary purposes.

(1)Non-GAAP measure, see above for definition.

Key Takeaways SAIC Q1 earnings and revenues topped estimates, with EPS rising 68.2% year over year.SAIC reported $2.1 billion in net bookings and ended the quarter with a $22.9 billion backlog.SAIC raised fiscal 2027 EBITDA and EPS guidance following stronger profitability and margin expansion. Science Applications International (SAIC - Free Report) reported better-than-expected results for the first quarter of fiscal 2027, wherein both top and bottom lines surpassed the Zacks Consensus Estimate.

SAIC’s non-GAAP earnings of $3.23 per share beat the Zacks Consensus Estimate of $2.26 by 42.9%. The bottom line increased 68.2% from the year-ago quarter’s earnings of $1.92.

Science Applications' fiscal first-quarter revenues increased 1.5% year over year to $1.91 billion and surpassed the Zacks Consensus Estimate of $1.78 billion by 6.9%.

SAIC’s Q1 in DetailSegment-wise, revenues from Defense and Intelligence, which accounted for 76.9% of revenues, totaled $1.47 billion and increased 2.3% year over year. Civilian revenues, which constitute 23.1% of revenues, totaled $440 million and decreased 0.9% year over year.

Net bookings were approximately $2.1 billion in the first quarter, which reflected a book-to-bill ratio of 1.1. The company’s trailing 12-month book-to-bill ratio was 1.0 at the end of the fiscal first quarter. SAIC’s estimated backlog at the end of the quarter was approximately $22.9 billion. Of the total backlog amount, approximately $3.7 billion was funded.

Selling, general and administrative (SG&A) expenses decreased 6.7% to $83 million. SG&A expenses, as a percentage of revenues, declined to 4.4% from 4.7% in the year-ago quarter.

Non-GAAP operating income increased year over year to $221 million from the year-ago quarter’s operating income of $158 million. The non-GAAP operating margin expanded 320 basis points (bps) year over year to 11.6%.

Adjusted EBITDA rose 41% to $222 million. Adjusted EBITDA margin for the quarter was 11.6% compared with 8.4% in the prior-year quarter.

Balance Sheet & Cash Flow Details of SAICScience Applications ended the fiscal first quarter with cash and cash equivalents of $109 million, significantly down from the previous quarter’s $182 million.

As of May 1, 2026, Science Applications’ long-term debt (net of the current portion) was $2.46 billion compared with $2.47 billion as of Jan. 30, 2026.

The company generated operating and free cash flows of $127 million and $118 million, respectively, in the fiscal first quarter.

During the fiscal first quarter, Science Applications repurchased shares worth $175 million and paid $17 million in dividends.

SAIC Provides Fiscal 2027 GuidanceScience Applications expects fiscal 2027 revenues between $7 billion and $7.2 billion. The Zacks Consensus Estimate for fiscal 2026 revenues is pegged at $7.11 billion, indicating a year-over-year decline of 2.1%.

Adjusted EBITDA is anticipated to be in the range of $720-$730 million, up from the earlier guidance of $705-$715 million. Adjusted EBITDA margin is expected to be in the band of 10.1-10.3%, up from the previous guided range of 9.9-10.1% band.

The company forecasts adjusted EPS in the range of $9.90-$10.10, up from the earlier guidance of $9.50-$9.70. The Zacks Consensus Estimate for the bottom line is pegged at $9.61 per share, indicating a year-over-year decline of 10.6%.

Science Applications estimates free cash flow for fiscal 2027 to exceed $600 million.

SAIC’s Zacks Rank & Stocks to ConsiderCurrently, Science Applications carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector are Applied Materials (AMAT - Free Report) , Celestica (CLS - Free Report) and Amphenol (APH - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Applied Materials have rallied 75.1% year to date. The Zacks Consensus Estimate for Applied Materials’ fiscal 2026 earnings is pegged at $12.02 per share, up by 8.3% over the past 30 days, indicating a year-over-year surge of 27.6%.

Shares of Celestica have gained 30.4% year to date. The Zacks Consensus Estimate for Celestica’s 2026 earnings is pegged at $10.16 per share, up 15.1% over the past 30 days, implying a year-over-year jump of 67.9%.

Amphenol shares have jumped 10.1% year to date. The Zacks Consensus Estimate for APH’s 2026 earnings is pegged at $4.76 per share, up 11.4% over the past 30 days, indicating a year-over-year increase of 42.5%.

Science Applications SAIC has seen a significant rise in its stock price following the release of its Q1 results for April. The government technology and mission-integration contractor reported a notable earnings per share (EPS) beat, with revenue climbing 1.5% year-over-year to $1.91 billion, surpassing expectations and marking a return to growth after three consecutive quarters of decline. Furthermore, SAIC has increased its fiscal year 2027 adjusted EBITDA and EPS guidance, with the EPS forecast now exceeding expectations, while maintaining its revenue guidance of $7.0 to $7.2 billion.

Revenue growth was partly driven by the recent acquisition of SilverEdge Government Solutions, which contributed $19 million during the quarter. Excluding SilverEdge, revenue increased by 0.5%, supported by higher volumes from existing and new contracts, although this was partially offset by contract completions. The core Defense and Intelligence segment was the main driver of growth, with revenue rising 2.3% year-over-year to $1.46 billion, while Civilian revenue saw a slight decline of 1.0% year-over-year to $440 million. SAIC reported several significant customer wins, particularly in the Space and Intelligence Community, including three recompete awards totaling approximately $970 million. Other key contracts included a $200 million recompete with the Department of Homeland Security, a $192 million Air Force contract, and a $123 million Navy contract. The company recorded net bookings of $2.1 billion for the quarter, resulting in a book-to-bill ratio of 1.1. The backlog grew by 1.0% year-over-year to $22.86 billion, comprising $18.62 billion in Defense and Intelligence and $4.24 billion in Civilian. Adjusted operating margin saw a significant increase, rising 320 basis points year-over-year to 11.6%, reflecting enhanced profitability across its contract portfolio. Adjusted EBITDA surged by 41% year-over-year to $222 million, with the adjusted EBITDA margin expanding to 11.6% from 8.4%. SAIC now anticipates adjusted EBITDA of $720 to $730 million, up from a previous estimate of $705 to $715 million, and expects EPS in the range of $9.90 to $10.10, an increase from $9.50 to $9.70. The reaffirmed revenue guidance of $7.0 to $7.2 billion still indicates an organic contraction of 4% to 2%. This update from SAIC is a positive shift following concerns raised in its Q4 report regarding FY27 organic revenue contraction, recompete losses, procurement delays, and constrained bookings. The company has consistently delivered strong EPS results as margins improve, and the Q1 report indicates some stabilization in revenue. With organic growth of 0.5% and an improved book-to-bill ratio of 1.1, the report does not signal a major revenue turnaround, as SAIC's FY27 revenue guidance suggests an organic contraction. However, the improved contract profitability, execution, and bookings have led to increased adjusted EBITDA and EPS guidance, boosting investor confidence in SAIC's efforts to reposition its portfolio and achieve sustainable organic growth.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Science Applications International Corporation (SAIC) Q1 2027 Earnings Call Transcript

Modernizes technology and infrastructure of existing and new torpedo defense systems – including “Nixie” – to mitigate threats, enhance vessel survivability, and ensure mission success June 03, 2026 08:30 ET  | Source: SAIC, Inc.

RESTON, Va., June 03, 2026 (GLOBE NEWSWIRE) -- Science Applications International Corp. (NASDAQ: SAIC) has been awarded a follow-on $50.6 million task order from the U.S. Navy’s leader in Torpedo Defense (TD) – Naval Undersea Warfare Center (NUWC) in Newport, RI – to continue the company’s work of providing critical torpedo defense system design, modernization, and sustainment services. This contract builds on SAIC’s two decades long legacy of proven collaboration with the Navy and success in advancing technology capabilities of the most sophisticated torpedo defense systems.

SAIC will leverage its advanced digital engineering capabilities to revolutionize the Navy’s TD systems by streamlining the design conceptualization, prototyping, and fabrication processes of hardware and software. This approach will integrate cutting-edge modeling simulation (SIM) and stimulation (STIM) – enabling more robust system analyses, data-driven insights, and seamless cybersecurity implementation. These advancements will ensure that upgraded TD systems achieve new levels of operational effectiveness to enhance vessel survivability and empower the Navy to maintain superior mission success in evolving maritime threat environments.

The company will support critical NUWC TD systems such as AN/SLQ-25 Torpedo Countermeasures Transmitting Set (commonly known as “Nixie”), Acoustic Device Countermeasures (ADCs), MK 58 Compact Rapid Attack Weapon (CRAW), EX 2 Torpedo Warning System, Submarine Launched Unmanned Aerial System (SLUAS), as well as emergent technologies and intelligence projects for Navy and Foreign Military Sales (FMS) that guide upgrades to the TD systems.

“SAIC’s long-standing partnership with the Navy and NUWC is built on trust, technical excellence, and an unwavering commitment to the mission;” said Barbara Supplee, SAIC Executive Vice President of the Army Navy Business Group. “This award reflects the Navy’s confidence in our team’s continued ability to deliver the modern torpedo defense systems needed to protect our fleet and outpace emerging threats. We are proud to continue supporting NUWC Code 85 with the engineering rigor, innovation, and agility required to ensure our warfighters remain safe, informed, and ready.”

The follow-on task order supports key NUWC Code 85 program offices such as Undersea Warfare Systems Program Office (PEO-UWS PMS415), International Fleet Support Program Office (PMS326), Office of Naval Research (ONR), and Office of Naval Intelligence (ONI), among others.

About SAIC 
SAIC® is a premier mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, intelligence, and civilian markets includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.3 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Media Contact: 
Darryn James
[email protected]

Forward-Looking Statements 
Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others. 

Company will build a modernized digital backbone that arms warfighters with real-time data to help them fight and win June 09, 2026 08:30 ET  | Source: SAIC, Inc.

RESTON, Va., June 09, 2026 (GLOBE NEWSWIRE) -- Digital transformation leader Science Applications International Corp. (NASDAQ: SAIC) has been awarded a leading position on the U.S. Department of the Air Force (DAF) Advanced Battle Management System (ABMS) Digital Infrastructure Network Developer program, a multiple-award contract with an estimated value of $192 million.

This work advances the vital DAF Battle Network program while accelerating the delivery of the Department of War’s Combined Joint All Domain Command and Control (CJADC2) infrastructure.

Digital infrastructure is foundational to modern warfighting as it provides real-time data that accelerates decision-making. Under this new contract, SAIC will lead the design, development, and deployment of significant elements of the DAF Battle Network. It will strengthen seamless C3 at all echelons – tactical, operational, strategic – within warfighting domains across air, land, space, maritime, and cyber, at all levels of security, and through full phases of force employment from competition to combat.

“We’re honored to help the Air Force build a modernized digital backbone that arms warfighters with real-time data to help them fight and win now and into the future,” said Vinnie DiFronzo, SAIC Executive Vice President of Air Force, Space, and Intelligence Business Group. “Delivering the right data to the right warfighter at the right time is vital work that enables integrated full domain and partner nation operations securely and at mission speed. We will integrate data across all classification levels and domains to give warfighters a clear decision advantage when it matters most.”

With proven ability to modernize complex Air Force and military systems with open architecture solutions, SAIC was awarded this contract for its expertise in networking, C3, AI, cloud, and digital engineering. SAIC will deliver connected and mission-aligned capabilities across fixed, mobile, and edge environments. The technical scope includes scalable and resilient optical transport networks (OTN), software-defined wide area networking, cross-domain solutions, data distribution, and cloud-enabled infrastructure integration.

A trusted strategic partner, SAIC will also team with leading network and original equipment manufacturer companies to integrate best-in-breed commercial and emerging technologies, while accelerating AI deployment to the frontline. By rapidly fielding intelligent tools, military forces can compress targeting cycles, enhance operational speed, and provide faster decisions that ultimately increase combat effectiveness and secure a vital edge over adversaries.

About SAIC 
SAIC® is a premier mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, intelligence, and civilian markets includes secure high-end solutions in mission IT, enterprise IT, engineering services, and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 23,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.3 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Media Contact: 
Darryn James
[email protected]

Forward-Looking Statements 
Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others. 

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Cathay General (CATY - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Cathay General currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for CATY that show why this holding company for Cathay Bank shows promise as a solid momentum pick.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For CATY, shares are up 3.58% over the past week while the Zacks Banks - West industry is up 2.8% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.59% compares favorably with the industry's 2.83% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Cathay General have increased 3.57% over the past quarter, and have gained 35.68% in the last year. On the other hand, the S&P 500 has only moved -4.5% and 31.98%, respectively.

Investors should also take note of CATY's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now CATY is averaging 642,534 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with CATY.

Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost CATY's consensus estimate, increasing from $5.11 to $5.14 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that CATY is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Cathay General on your short list.

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, is scheduled to announce its first quarter 2026 financial results after the markets close on Wednesday, April 22, 2026. Cathay General Bancorp has scheduled a conference call as set forth below. Analysts and investors may participate in the question-and-answer session. Conference Call and Webcast Information: Date: Wednesday, April 22, 2026 Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Ti.

Cathay General Bancorp remains a soft "Buy" after outperforming the S&P 500, driven by strong financials and asset quality. CATY's deposits and loans both expanded, with net interest income and non-interest income rising, supporting robust profit growth. Valuation is slightly above preferred thresholds, but superior return on assets (1.49%) and equity (12.27%) justify the premium.

LOS ANGELES--(BUSINESS WIRE)--Cathay General Bancorp (the “Company”, “we”, “us”, or “our”) (Nasdaq: CATY), the holding company for Cathay Bank, today announced its unaudited financial results for the quarter ended March 31, 2026. The Company reported net income of $86.9 million, or $1.29 per diluted share, for the first quarter of 2026 compared to $90.5 million, or $1.33 per diluted share for the fourth quarter of 2025. “Our ability to expand net interest margin while keeping deposit costs cont.

Cathay General Bancorp (CATY) Q1 2026 Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)-- #CathayBank--Cathay Bank is excited to announce its upcoming 49th Annual Charity Golf Tournament, that will take place on May 6, 2026 at the Industry Hills Golf Club at Pacific Palms Resort in the City of Industry, California. This annual charity event serves as a long-standing tradition and cornerstone community event, bringing together golf enthusiasts to raise funds to support local nonprofit organizations. The tournament will feature an 18-hole, four-player scramble format,.

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Cathay General (CATY - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Cathay General currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for CATY that show why this holding company for Cathay Bank shows promise as a solid momentum pick.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For CATY, shares are up 0.24% over the past week while the Zacks Banks - West industry is down 0.45% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.77% compares favorably with the industry's 8.76% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Cathay General have increased 5.8% over the past quarter, and have gained 32.4% in the last year. In comparison, the S&P 500 has only moved 3.1% and 31.34%, respectively.

Investors should also take note of CATY's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now CATY is averaging 329,988 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with CATY.

Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost CATY's consensus estimate, increasing from $5.11 to $5.16 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that CATY is a #2 (Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Cathay General on your short list.

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Based in Los Angeles, Cathay General (CATY - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 16.57%. The holding company for Cathay Bank is currently shelling out a dividend of $0.38 per share, with a dividend yield of 2.69%. This compares to the Banks - West industry's yield of 2.71% and the S&P 500's yield of 1.39%.

Looking at dividend growth, the company's current annualized dividend of $1.52 is up 11.8% from last year. Over the last 5 years, Cathay General has increased its dividend 1 times on a year-over-year basis for an average annual increase of 2.11%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Cathay's current payout ratio is 31%, meaning it paid out 31% of its trailing 12-month EPS as dividend.

Looking at this fiscal year, CATY expects solid earnings growth. The Zacks Consensus Estimate for 2026 is $5.40 per share, with earnings expected to increase 18.94% from the year ago period.

Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. It's important to keep in mind that not all companies provide a quarterly payout.

For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that CATY is not only an attractive dividend play, but also represents a compelling investment opportunity with a Zacks Rank of #2 (Buy).

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.

Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.

Based in Los Angeles, Cathay General (CATY - Free Report) is in the Finance sector, and so far this year, shares have seen a price change of 15.77%. The holding company for Cathay Bank is paying out a dividend of $0.38 per share at the moment, with a dividend yield of 2.71% compared to the Banks - West industry's yield of 2.79% and the S&P 500's yield of 1.45%.

Looking at dividend growth, the company's current annualized dividend of $1.52 is up 11.8% from last year. Over the last 5 years, Cathay General has increased its dividend 1 times on a year-over-year basis for an average annual increase of 2.11%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Cathay's current payout ratio is 31%, meaning it paid out 31% of its trailing 12-month EPS as dividend.

CATY is expecting earnings to expand this fiscal year as well. The Zacks Consensus Estimate for 2026 is $5.40 per share, which represents a year-over-year growth rate of 18.94%.

Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout.

For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that CATY is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.

Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends make up large portions of long-term returns, and in many cases, dividend contributions surpass one-third of total returns.

Headquartered in Los Angeles, Cathay General (CATY - Free Report) is a Finance stock that has seen a price change of 20.23% so far this year. The holding company for Cathay Bank is paying out a dividend of $0.38 per share at the moment, with a dividend yield of 2.61% compared to the Banks - West industry's yield of 2.68% and the S&P 500's yield of 1.44%.

Looking at dividend growth, the company's current annualized dividend of $1.52 is up 11.8% from last year. Over the last 5 years, Cathay General has increased its dividend 1 times on a year-over-year basis for an average annual increase of 2.11%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company's annual earnings per share that it pays out as a dividend. Cathay's current payout ratio is 31%, meaning it paid out 31% of its trailing 12-month EPS as dividend.

Earnings growth looks solid for CATY for this fiscal year. The Zacks Consensus Estimate for 2026 is $5.40 per share, representing a year-over-year earnings growth rate of 18.94%.

From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.

For instance, it's a rare occurrence when a tech start-up or big growth business offers its shareholders a dividend. It's more common to see larger companies with more established profits give out dividends. Income investors must be conscious of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. That said, they can take comfort from the fact that CATY is not only an attractive dividend play, but is also a compelling investment opportunity with a Zacks Rank of #2 (Buy).

Key Takeaways Matador Resources' total production of 207,594 BOE/D increased 4.5% y/y, beating midpoint guidance by 3%.MTDR reported lower gas realizations as the Waha price collapse led to voluntary production shut-ins.Matador Resources raised 2026 production guidance while keeping capital spending outlook unchanged. Matador Resources Company (MTDR - Free Report) reported first-quarter 2026 adjusted earnings of $1.53 per share, down 23.1% from $1.99 a year ago. The bottom line beat the Zacks Consensus Estimate of $1.24 by 23.4%.

Total revenues were $671.6 million, down 33.8% from $1,014 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $883.3 million by 24.0%.

Better-than-expected quarterly earnings were driven by increased total production volumes and slightly lower operating expenses. The positives were partially offset by lower natural gas price realizations.

MTDR’s Upstream Business in Q1Matador Resources is primarily involved in oil and gas exploration and production activities in the United States. The company’s overall financial performance is heavily dependent on the oil and gas pricing environment. Most of MTDR’s production comprises oil (58% of total first-quarter production), making oil prices a major factor in determining the company’s earnings.

The average oil production was 120,277 barrels per day (Bbl/D), reflecting a 4.6% increase from the prior-year figure of 115,030. The figure also beat our estimate of 116,217.3 Bbl/D. Natural gas production was recorded at 523.9 million cubic feet per day (MMcf/D), up from 501.6 MMcf/D recorded a year ago. The reported figure came in higher than our estimate of 519.7 MMcf/D.

Total oil equivalent production in the first quarter was 207,594 barrels of oil equivalent (BOE/D), reflecting a 4.5% increase from the year-ago quarter’s figure of 198,631 BOE/D. The figure also exceeded our projection of 202,834.8 BOE/D. The company’s production volumes exceeded the midpoint of the guidance range by 3%, primarily due to the sustained outperformance of Matador Resources’ producing wells and those brought into production in the first quarter of 2026.

Matador Resources turned 36 net operated wells to production in the quarter, including a large portion in late February and March.

Matador Resources Faces Waha Gas Price CollapseA key pressure point in the quarter was natural gas pricing. Matador’s average realized natural gas price, excluding hedging, was 64 cents per thousand cubic feet (Mcf), sharply down from $3.56 per Mcf in the first quarter of 2025. The figure came in lower than our estimate of $2.74 per Mcf. The natural gas price decline was driven by a collapse in Waha prices, which forced roughly 3,000 BOE/D in voluntary shut-ins. Winter Storm Fern forced additional well shut-ins due to freezing conditions.

The average sales price for oil (excluding realized derivatives) was $72.83 per barrel, up from $72.38 a year ago. The commodity price was higher than our projection of $71.74 per barrel.

MTDR’s Operating ExpensesMTDR’s midstream operating expenses increased to $2.96 per BOE from the year-earlier level of $2.90.

Lease operating costs decreased to $5.76 per BOE from $5.84 a year ago. Our projection for the metric was $5.25 per BOE. General and administrative expenses increased to $2.09 per BOE from the year-earlier level of $1.89. Our estimate for the same was $1.89.

Transportation and processing costs declined to 79 cents per BOE from $1.12 per BOE in the year-ago quarter. Taxes other than income also declined to $3.79 per BOE from $4.31 recorded in the year-ago quarter.

Overall, total operating expenses per BOE were $31.06, lower than the prior-year figure of $31.83 and above our estimate of $29.79 per BOE.

Balance Sheet & Capital Spending of MTDRAs of March 31, 2026, MTDR had cash and restricted cash of $92.5 million and long-term debt of $4,782.4 million.

Matador Resources’ first-quarter total capital expenditures were $428.1 million, which is within the company’s guidance range of $415 million to $435 million. Meanwhile, the company spent $377.4 million on well drilling, completion and equipment.

MTDR 2026 Guidance RisesMatador Resources increased its full-year 2026 production guidance while keeping its capital budget unchanged. The company now expects full-year 2026 oil production to be in the range of 123,000-125,000 Bbl/D and total production to be between 210,500 BOE/D and 216,000 BOE/D. Total capital expenditures are unchanged at $1.45 - $1.55 billion.

MTDR’s Zacks Rank & Other Key PicksMatador Resources currently sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks from the Energy sector are Chevron Corporation (CVX - Free Report) , BP plc (BP - Free Report) and Eni S.p.A. (E - Free Report) . CVX, BP and E each currently sport a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Chevron reported first-quarter 2026 adjusted earnings per share of $1.41, which beat the Zacks Consensus Estimate of 92 cents.

As of March 31, 2026, CVX reported $5.3 million in cash and cash equivalents. At the quarter's end, its total debt amounted to $45.4 billion.

BP reported first-quarter 2026 earnings of $1.24 per American Depositary Share, which beat the Zacks Consensus Estimate of 91 cents.

As of March 31, 2026, BP reported $35.7 million in cash and cash equivalents. At the quarter's end, its long-term debt totaled $25.3 billion.

Eni reported first-quarter 2026 adjusted earnings from continuing operations of 81 cents per American Depository Receipt, which missed the Zacks Consensus Estimate of $1.13.

As of March 31, 2026, E had a long-term debt of €21.7 billion, and cash and cash equivalents of €8.3 billion.

For the quarter ended March 2026, Matador Resources (MTDR - Free Report) reported revenue of $671.64 million, down 33.8% over the same period last year. EPS came in at $1.53, compared to $1.99 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $883.27 million, representing a surprise of -23.96%. The company delivered an EPS surprise of +23.06%, with the consensus EPS estimate being $1.24.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Matador performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Average Daily Production Volumes - Total oil equivalent: 207594 millions of barrels of oil equivalent per day compared to the 204451.5 millions of barrels of oil equivalent per day average estimate based on eight analysts.Average Daily Production Volumes - Oil: 120,277.00 BBL/D compared to the 117,463.80 BBL/D average estimate based on eight analysts.Average Daily Production Volumes - Natural gas: 523.9 millions of cubic feet per day versus 521.96 millions of cubic feet per day estimated by eight analysts on average.Average Sales Prices - Natural gas, with realized derivatives: $1.44 versus $2.15 estimated by six analysts on average.Average Sales Prices - Oil, with realized derivatives: $68.04 versus the six-analyst average estimate of $67.16.Average Sales Prices - Oil without realized derivatives: $72.83 compared to the $71.09 average estimate based on five analysts.Average Sales Prices - Natural gas without realized derivatives: $0.64 versus the five-analyst average estimate of $1.52.Revenues- Third-party midstream services revenues: $42.09 million compared to the $40.94 million average estimate based on five analysts. The reported number represents a change of +25.7% year over year.Revenues- Oil and natural gas revenues: $818.73 million versus the five-analyst average estimate of $790.46 million. The reported number represents a year-over-year change of -10%.Revenues- Oil: $788.35 million versus the four-analyst average estimate of $695.11 million. The reported number represents a year-over-year change of +5.2%.Revenues- Natural gas: $30.38 million versus the four-analyst average estimate of $78.12 million. The reported number represents a year-over-year change of -81.1%.Revenues- Sales of purchased natural gas: $80.78 million compared to the $63 million average estimate based on three analysts. The reported number represents a change of +28.7% year over year.View all Key Company Metrics for Matador here>>>

Shares of Matador have returned -6.6% over the past month versus the Zacks S&P 500 composite's +8.8% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) announces the successful bolt-on acquisition of 5,154 net undeveloped acres in the core of the Delaware Basin as part of the Bureau of Land Management (BLM) Oil and Gas Lease Sale this week. Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, “Matador is pleased to announce a $1.1 billion expansion of its premier Delaware Basin asset base in Southeast New Mexico through the recent BLM Leas.

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Matador Resources (MTDR - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.

Matador Resources is a member of the Oils-Energy sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Matador Resources is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for MTDR's full-year earnings has moved 73.1% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, MTDR has gained about 32.2% so far this year. Meanwhile, the Oils-Energy sector has returned an average of 30.6% on a year-to-date basis. This shows that Matador Resources is outperforming its peers so far this year.

Another Oils-Energy stock, which has outperformed the sector so far this year, is Harbour Energy PLC Sponsored ADR (HBRIY - Free Report) . The stock has returned 40.4% year-to-date.

The consensus estimate for Harbour Energy PLC Sponsored ADR's current year EPS has increased 138.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).

Breaking things down more, Matador Resources is a member of the Oil and Gas - Exploration and Production - United States industry, which includes 34 individual companies and currently sits at #22 in the Zacks Industry Rank. Stocks in this group have gained about 27.8% so far this year, so MTDR is performing better this group in terms of year-to-date returns.

In contrast, Harbour Energy PLC Sponsored ADR falls under the Oil and Gas - Exploration and Production - International industry. Currently, this industry has 6 stocks and is ranked #192. Since the beginning of the year, the industry has moved +79.9%.

Investors with an interest in Oils-Energy stocks should continue to track Matador Resources and Harbour Energy PLC Sponsored ADR. These stocks will be looking to continue their solid performance.

Key Takeaways Matador acquired 5,154 net undeveloped acres in Southeast New Mexico for $1.1 billion.Matador acquired 5,154 net undeveloped acres in Southeast New Mexico for $1.1 billion.Matador expects to reduce acquisition-related debt using projected 2026 free cash flow of $1.2 billion. Matador Resources Company ((MTDR - Free Report) ) announced a major expansion of its Delaware Basin footprint through the acquisition of 5,154 net undeveloped acres in Southeast New Mexico at the recent Bureau of Land Management Oil and Gas Lease Sale. The $1.1 billion expansion strengthens Matador’s position in the most prolific region of the Delaware Basin. The acquisition adds more than 141 new drilling opportunities, which is expected to improve production efficiency and lower costs through longer two-mile wells, shared infrastructure, better water recycling and stronger natural gas transportation capacity.

The newly acquired acreage is strategically located adjacent to Matador’s existing operated units, enabling the company to leverage its established infrastructure. Per management, the acreage contains exposure to nine or more prospective formations and creates development opportunities such as extended-reach laterals exceeding three miles, U-turn well designs, multi-well developments and improved water recycling initiatives. The acquisition is also expected to boost throughput and revenue generation for the company’s San Mateo midstream business.

Matador will keep 87.5% of the revenues generated from oil and gas production on the acreage and has the right to develop the land for 10 years across all underground resource zones. After accounting for anticipated midstream value, the acquisition cost equates to roughly $7.3 million per drilling location.

Management proceeded with the transaction, pointing to the lucrative results of its 2018 State Line and Rodney Robinson federal lease acquisitions, which generated enough returns to fully repay the initial investments and yielded an additional $1.9 billion in profits. The deal is expected to be funded through cash on hand and Matador’s credit facility. Supported by projected 2026 adjusted free cash flow of nearly $1.2 billion, the company expects to substantially reduce acquisition-related debt by year-end 2026 and fully repay its reserve-based lending facility during the first half of 2027.

MTDR's Zacks Rank & Stocks to ConsiderMTDR currently sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the energy sector are Diamondback Energy, Inc. (FANG - Free Report) , Equinor ASA (EQNR - Free Report) and Exxon Mobil Corporation (XOM - Free Report) . FANG, EQNR and XOM sport a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

With West Texas Intermediate prices surpassing the $90-per-barrel mark, according to oilprice.com, the upstream portfolios of FANG, EQNR, XOM and MTDR are benefiting from a favorable pricing environment.

Diamondback Energy operates exclusively within the prolific Permian Basin and focuses on unconventional horizontal drilling across stacked geological formations such as the Wolfcamp and Spraberry. As of March 31, 2026, FANG had 890,496 net acres in the Permian Basin, including 797,074 net acres in the Midland Basin and 93,422 net acres in the Delaware Basin.

Equinor is a Norwegian multinational energy company that explores, develops and produces petroleum and natural gas. EQNR’s Norway production increased 10% to 1,525 thousand barrels of oil equivalent per day (MBoe/d) from 1,390 MBoe/d in the prior-year quarter, supported by new fields and additional wells coming online.

By leveraging advantaged assets such as the prolific Permian Basin, offshore Guyana and LNG ventures, ExxonMobil generated substantial revenues. In the first quarter of 2026, XOM’s liquids production was 3,297 thousand barrels per day (Mbpd), up from 3,139 Mbpd in the prior-year quarter, bolstered by increased output in the United States, Canada and Other Americas.