Science Applications International Corporation (SAIC) reported a 2.9% revenue decline in fiscal 2026 alongside a sharper 24.1% drop in net income compared to the prior year, reflecting contract repricing and federal spending uncertainties. Despite pressures on the top and bottom lines, operating cash flow rose 23.3%, driven by working capital management and disciplined capex reductions. SAIC continues to sustain shareholder returns through significant share buybacks and dividends, bolstered by a strong return on equity of approximately 24.1%. Future growth hinges on federal budget dynamics and success in contract recompetes, with near-term guidance remained cautious.