SAIC posts 3.3% organic revenue decline, CEO transition costs, and $47M IRS tax benefit

Filed March 16, 2026 · Period ending January 30, 2026 · Compared to 10-K Mar 17, 2025 · ~1 min read

Key Changes

• high

  Organic revenues contracted 3.3% in fiscal 2026 after adjusting for the SilverEdge acquisition, driven by contract completions, volume ramp-down, and a $26 million impact from the 43-day federal government shutdown.

  MD&A: Revenue Performance verify on EDGAR →
• high

  IRS audit settlement for fiscal years 2016-2019 delivered a $47 million tax benefit (pending final approvals), reducing the effective tax rate from 15.5% to 7.5% and improving cash flows.

  MD&A: Tax Rate verify on EDGAR →
• high

  Net bookings surged 18% to $115 million in fiscal 2026 from $47 million in fiscal 2025, with total backlog rising 3.5% to $22.6 billion, signaling stronger demand despite near-term revenue headwinds.

  MD&A: Bookings & Backlog verify on EDGAR →