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Close of Nov 06, 2026 · end-of-day data
SAIC 8-K filings in 2025
Every material Form 8-K Science Applications Intl filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
SAIC reported third-quarter fiscal 2026 revenue of $1.87 billion, down 6% from a year earlier, and net income of $78 million, down 26%. Adjusted diluted EPS was $2.58 versus $2.61, and the company raised its fiscal 2026 adjusted diluted EPS guidance to $9.80-$10.00 from $9.40-$9.60, which signals higher expected per-share profit despite lower quarterly sales.
Revenue was $1,866 million versus $1,976 million a year earlier; net income was $78 million versus $106 million.
Diluted EPS was $1.69 versus $2.13; adjusted diluted EPS was $2.58 versus $2.61.
Fiscal 2026 adjusted diluted EPS guidance was raised to $9.80-$10.00 from $9.40-$9.60; revenue guidance is $7.275 billion-$7.325 billion.
Board declared a quarterly dividend of $0.37 per share on December 2, 2025, payable January 28, 2026.
SAIC announced an internal reorganization that combines its five business groups into three, effective January 31, 2026. Executive Vice President David C. Ray, who leads the Space and Intelligence group, will step down immediately and leave the company on January 30, 2026, and will receive severance in exchange for a release of claims and a two-year non-compete. The filing gives no dollar figures for costs or savings from the restructuring.
Five business groups will be consolidated into three effective January 31, 2026: Army Navy (ANG), Air Force, Space and Intelligence (AFSI), and Civilian
Barbara Supplee will lead ANG, Vinnie DiFronzo will lead AFSI, and Srini Attili will continue to lead Civilian
David C. Ray departs January 30, 2026; Josh Jackson and Chief Innovation Officer Lauren Knausenberger also depart
The Chief Innovation Office will be restructured; the filing gives no dollar figures for restructuring costs or savings
Science Applications International Corp. replaced CEO Toni Townes-Whitley with board member James Reagan as interim chief executive, effective October 23, 2025, and is searching for a permanent CEO. The company reaffirmed its fiscal 2026 guidance but said a prolonged federal government shutdown could impair its ability to achieve it and that it may reassess that guidance.
James C. Reagan, a board member since January 2023 and former Leidos CFO, named interim CEO effective October 23, 2025.
Reagan's base salary is $1,200,000, with a short-term bonus target of 150% of salary and $2,000,000 in long-term RSU awards.
Townes-Whitley departed without cause and receives severance benefits in exchange for a release and a two-year non-compete.
The company reaffirmed fiscal 2026 guidance first issued September 4, 2025, and may reassess it depending on the government shutdown.
On September 30, 2025, SAIC entered into an Eighth Amendment to its credit agreement with Citibank, N.A. as administrative agent, establishing a new $1.1 billion senior secured term loan A and a new $1.0 billion revolving credit facility, both maturing September 30, 2030. Proceeds repaid the existing term loans and revolving loans, and the filing says the company also used part of the funds to add cash to its balance sheet.
New term loan A commitment of $1,100,000,000, borrowed in full on the September 30, 2025 closing date, maturing September 30, 2030
New $1,000,000,000 revolving credit facility, with a termination date of September 30, 2030, used to refinance the existing revolver
Quarterly amortization begins October 31, 2026 at 0.625%, rising to 1.25% on October 31, 2027 and 1.875% on October 31, 2028
Facilities are secured by substantially all assets of SAIC and guaranteed by its wholly owned domestic subsidiaries; the 0.10% credit spread adjustment was eliminated
Science Applications International closed a $500 million private offering of 5.875% Senior Notes due 2033 on September 25, 2025, receiving net proceeds of about $493.0 million. The company plans to use the proceeds mainly to repay all borrowings under its revolving credit facility, with any remainder for general corporate purposes.
Principal amount: $500 million of 5.875% Senior Notes due 2033, closed September 25, 2025
Net proceeds of approximately $493.0 million after the initial purchasers' discount and offering fees
Proceeds intended first to repay all indebtedness under the revolving credit facility
Indenture with U.S. Bank Trust Company, National Association as trustee; notes are senior unsecured and guaranteed by domestic subsidiaries
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Science Applications Intl filing is on SEC EDGAR ↗. 8-K briefs of other companies →