NASDAQ$SAIC

Science Applications International Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

SAIC's Q3 2021 results reflected strong financial performance and momentum with the second straight quarter of highest book-to-bill and backlog.

SAIC announced Q3 2021 results with revenues of $1.8 billion, a 12% increase. Diluted EPS was $1.02, and adjusted diluted EPS was $1.62. Net bookings reached $5.0 billion, resulting in a record book-to-bill ratio of 2.7.

  • Revenues increased by 12% to $1.8 billion, but contracted by 0.7% excluding acquired revenues.
  • Diluted earnings per share were $1.02, while adjusted diluted earnings per share were $1.62.
  • Net bookings totaled $5.0 billion, leading to a book-to-bill ratio of 2.7.
  • Cash flows from operating activities amounted to $231 million.

Headline financials

Total Revenue

$1.82B

Previous: $1.63B+11.5%
EPS (adj)

$1.62

Previous: $1.39+16.5%
Total backlog

$22.6B

No prior period
Capital Expenditures

-$32M

Previous: -$14M-128.6%
Free Cash Flow

$28M

Previous: $41M-31.7%
Net Income

$60M

Previous: $55M+9.1%
Operating Income

$110M

Previous: $94M+17.0%
Gross Profit

$209M

Previous: $174M+20.1%
Cash & Equivalents

$182M

Previous: $162M+12.3%
Total Assets

$5.88B

Previous: $4.7B+25.0%
Stock-Based Comp

$11M

Previous: $9M+22.2%

Revenue & EPS history

SAIC · Revenue · Quarterly

$1.82B

Q3 2021+11.5%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The updated guidance assumes the potential program impact of the COVID-19 pandemic to be $250 million in revenue and $35 million in adjusted EBITDA, unchanged from previous estimates.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

+0.2%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-0.1%

Avg return

30 days after

54%

31 / 57 earnings

Positive

+16.4%

Q3 2026

Best reaction

-18.4%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.2%+5.3%+4.7%
Q3 2026+16.4%+11.2%+15.6%
Q2 2026-6.8%-9.9%-10.9%
Q1 2026-13.2%-8.8%+1.7%
Q4 2025+7.2%+1.4%+11.4%
Q3 2025-4.7%-6.4%-7.9%
Q2 2025+3.0%+4.4%+12.7%
Q1 2025-12.9%-14.1%-13.6%
Q4 2024-11.2%-11.3%-12.6%
Q3 2024+9.9%+6.5%+2.9%
Q2 2024-4.5%-3.7%-7.7%
Q1 2024+1.7%+4.2%+11.6%
Q4 2023-0.0%+0.4%-7.0%
Q3 2023+5.4%+1.1%-0.4%
Q2 2023+0.9%+1.0%-2.9%
Q1 2023+7.5%+2.1%+6.7%
Q4 2022-0.7%+1.2%-6.7%
Q3 2022-1.0%-3.3%+1.4%
Q2 2022+3.6%+1.1%+2.2%
Q1 2022+2.5%+0.8%-4.7%
Q4 2021-15.6%-12.0%-7.9%
Q3 2021+3.9%+3.5%+0.5%
Q2 2021+0.5%-0.8%-4.3%
Q1 2021-3.2%-2.2%-14.4%
Q4 2020+6.6%+10.9%+26.6%
Q3 2020+0.5%-1.5%+4.5%
Q2 2020-7.1%-9.0%-5.5%
Q1 2020+8.5%+7.1%+11.0%
Q4 2019+5.0%+3.8%+1.0%
Q3 2019+7.1%+6.7%-1.3%
Q2 2019-10.6%-11.5%-18.6%
Q1 2019-8.5%-9.0%-3.3%
Q4 2018+9.3%+12.9%+17.6%
Q3 2018+9.4%+5.7%+6.7%
Q2 2018-18.4%-16.9%-7.3%
Q1 2018-3.3%-7.9%-6.1%
Q4 2017-13.7%-14.4%-15.4%
Q3 2017+8.0%+3.4%+4.2%
Q2 2017+1.8%+1.8%+4.6%
Q1 2017+1.2%-2.1%+4.6%
Q4 2016+12.3%
Q3 2016-0.9%
Q2 2016-12.3%
Q1 2016-4.5%
Q4 2015-6.2%
Q3 2015+2.5%
Q2 2015+1.7%
Q1 2014+12.1%
Q1 2015+12.1%
Q4 2012+7.8%
Q1 2013+7.8%
Q4 2014+10.2%
Q3 2013-7.9%
Q3 2014-5.4%
Q4 2013-0.4%
Q2 2014-0.4%
Q2 2013-0.4%
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2010

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