Science Applications (SAIC) Grew Revenue 6% but Posted a 0.6 Book-to-Bill Ratio. Is the $22B Backlog Enough?

insidermonkey.com · 2026-09-04

Science Applications International Corporation (NASDAQ:SAIC) reported second-quarter fiscal 2027 revenue of $1.88 billion, up 6.3% year over year.

TickrTrends take: Science Applications International Corporation reported revenue growth of 6 percent while maintaining a book-to-bill ratio that fell below 1, indicating that new orders are not keeping pace with current revenue generation. The company's 22 billion dollar backlog provides revenue visibility, but investors focused on valuation should monitor whether incoming contract wins accelerate to support sustainable growth rates. Given TickrTrends' undervalued assessment, the gap between backlog conversion and new order flow represents a key metric for determining whether current valuations appropriately reflect future earnings potential in the technology and defense services sector.

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