What changed in this filing

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Item 1. Business

2026-03-16 compared with 2025-03-17 · 63 added, 63 removed, 213 unchanged (37% of the section changed)

Science Applications International Corporation (herein referred to as “SAIC,” the “Company,” “we,” “us,” or “our”) is a leading provider of technical, engineering and enterprise information technology ("IT") services primarily to the U.S.

Science Applications International Corporation (herein referred to as “SAIC,” the “Company,” “we,” “us,” or “our”) is a leading provider of technical, engineering and mission and enterprise information technology ("IT") services primarily to the U.S.

The Company provides these services for large, complex projects with a targeted emphasis on higher-end, differentiated technology services and solutions that accelerate and transform secure and resilient digital environments through systems design, development, modernization, integration, and sustainment to drive enterprise and mission outcomes.

Our end-to-end enterprise IT offerings span the entire spectrum of our customers' IT infrastructure.

Our business has a long and successful history of over 50 years serving all military forces (Army, Air Force, Navy, Marines, Coast Guard, and Space Force) and agencies of the Department of Defense ("DoD"), National Aeronautics and Space Administration ("NASA"), U.S.

Our end-to-end IT offerings span the entire spectrum of our customers' IT infrastructure.

Our business has a long and successful history of over 50 years serving all military forces (Army, Air Force, Navy, Marines, Coast Guard, and Space Force) and agencies of the Department of War ("DoW", formerly referred to as the Department of Defense), National Aeronautics and Space Administration ("NASA"), U.S.

Department of State, Department of Justice, Department of Homeland Security and members of the Intelligence Community.

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Our two reportable segments are the Defense and Intelligence segment and the Civilian segment.

The Defense and Intelligence segment provides a diverse portfolio of national security solutions to the DoD and Intelligence Community of the United States Government.

The Defense and Intelligence segment provides a diverse portfolio of national security solutions to the DoW and the Intelligence Community of the United States Government.

The Civilian segment provides solutions to the civilian markets, encompassing federal, state, and local governments, in order to deliver services for citizen well-being, border security, and protecting lives.

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These services include end-to-end solutions spanning the design, development, integration, deployment, management and operations, sustainment and security of the customers’ entire IT infrastructure.

Effective January 31, 2026, the first day of fiscal 2027, we completed a business reorganization that consolidated our five business groups into three.

The reorganization is designed to simplify our structure and optimize operations and customer focus for growth.

The consolidated business groups will continue to report directly to our Chief Executive Officer (“CEO”) who will continue to be the chief operating decision maker (“CODM”).

We do not expect the reorganization to have an impact on our reportable segments.

Our long-standing customer relationships have enabled us to achieve an in-depth understanding of our customers’ missions and provide differentiated service offerings to meet our customers’ most complex requirements.

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We help defense, intelligence, and civilian agencies reimagine the way they accomplish their objectives through digital transformation by providing next-generation cloud computing, cybersecurity, and software capabilities.

We modernize enterprise IT environments for government customers and then operate and maintain them via their preferred service delivery methods.

We modernize IT environments for government customers and then operate and maintain them via their preferred service delivery methods.

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Digital Engineering:

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We deploy and integrate AI solutions for customers, including AI solutions that assist with the design, deployment, and management of AI applications and allow customers to work with their complex and sensitive data to power the most demanding analytics, data science, and AI use cases.

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Weapon Systems Support:

Mission Systems Support:

We design, build, modify, integrate, and sustain weapon systems across all branches of the U.S.

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It uses a highly automated, cloud-hosted tool set to rapidly build, test and deploy solutions and works with customers to enhance solutions going forward.

Within this report, we have recast historical financial information to reflect the new reportable segments.

The recast historical information has no impact on our previously reported consolidated financial statements.

SAIC integrates emerging technology securely and in real-time into mission critical operations that modernize and enable national imperatives:

We integrate emerging technology securely and in real-time into mission critical operations that modernize and enable national imperatives:

Undersea Dominance:

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These full life cycle offerings, combined with deep customer knowledge, allow us to more effectively support our customers’ missions.

Significant Scale and Diversified Contract Base.

With approximately $7.5 billion in revenue in fiscal 2025, we are one of the largest pure-play technology service providers to the U.S.

Our significant scale advantage enables us to serve as a prime systems integrator on large, complex programs and to allocate resources toward further developing and expanding our repeatable, proven solutions and differentiated

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technical capabilities.

Significant Scale and Diversified Contract Base.

We are one of the largest pure-play technology service providers to the U.S.

Our diversified revenue base consists of programs ranging from research and development to operations and maintenance.

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Acquisitions and Divestitures

On May 6, 2023, SAIC closed the sale of its logistics and supply chain management business ("Supply Chain Business") to ASRC Federal Holding Company, LLC ("ASRC Federal").

The sale enables the us to focus its resources on long-term strategic growth areas.

On February 4, 2023, the we sold 0.1% of our 50.1% majority ownership interest in Forfeiture Support Associates J.V.

("FSA") to its sole joint venture partner for a nominal amount.

On October 15, 2025, we acquired SilverEdge Government Solutions, an innovative provider of mission-driven technology solutions and products.

The acquisition advances our strategy to provide mission focused solutions and commercial products to our customers.

On May 6, 2023, we closed the sale of our logistics and supply chain management business to ASRC Federal Holding Company, LLC.

The sale enables the us to focus our resources on long-term strategic growth areas.

On February 4, 2023, we sold 0.1% of our 50.1% majority ownership interest in Forfeiture Support Associates J.V.

to its sole joint venture partner for a nominal amount.

As a result of the sale and amendment to the joint venture operating agreement of FSA, we no longer control the joint venture and accounts for its retained interest as an equity method investment as of the date of the transaction.

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government or to subcontracts with other contractors engaged in work for the U.S.

In fiscal 2025 and fiscal 2024, approximately 52% of our total revenues were attributable to the "Department of Defense", while 46% were attributable to "Intelligence and other federal government agencies" and the remainder attributable to "Commercial, state and local governments and international" customers.

In fiscal 2023, 49% of our total revenues were attributable to both the "Department of Defense" and "Intelligence and other federal government agencies" respectively, with the remainder attributable to "Commercial, state and local governments and international" customers.

In fiscal 2026, 2025 and 2024, approximately 52% of our total revenues were attributable to the "Department of War", while 46% were attributable to "Intelligence and other federal government agencies" and the remainder attributable to "Commercial, state and local governments and international" customers.

Substantially all of our revenues were earned by entities located in the United States.

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government contracts.

Together with various agency-specific supplements, the FAR governs the terms and conditions of government contracts, including bidding, performance, and pricing, and imposes specific compliance obligations related to security, intellectual property, data privacy, and environmental regulations.

For contracts with the DoD, we are subject to the Defense Federal Acquisition Regulation Supplement ("DFARS"), which imposes additional requirements on defense contractors,

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including specific cybersecurity measures, contractor security clearances, and compliance with the Defense Contract Audit Agency ("DCAA") and Defense Contract Management Agency ("DCMA") audit and oversight processes.

privacy, and environmental regulations.

For contracts with the DoW, we are subject to the Defense Federal Acquisition Regulation Supplement ("DFARS"), which imposes additional requirements on defense contractors, including specific cybersecurity measures, contractor security clearances, and compliance with the Defense Contract Audit Agency ("DCAA") and Defense Contract Management Agency ("DCMA") audit and oversight processes.

The DFARS also includes clauses related to the protection of classified and sensitive information, with which we must comply when handling such materials.

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In some cases, such changes could have an adverse impact on our profitability and ability to win new business.

The DoD is increasingly using procedures like “other transaction authority” agreements ("OTAs") to accelerate the procurement process for emerging technologies.

The DoW is increasingly using procedures like “other transaction authority” agreements ("OTAs") to accelerate the procurement process for emerging technologies.

OTAs bypass many of the formal and time-consuming requirements found in the typical government contracting process, reducing the barriers to entry and consequently increasing competition from companies that previously did not compete for public sector work.

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When an agency has a requirement, interested contractors are solicited, qualified and then provided with a request for proposal.

The process of qualifying prospective bidders, soliciting proposals and evaluating contractor bids and selection process can take a year or more to complete.

This method of contracting may provide the contractor with greater certainty of the timing and amounts to be received at the

The process of qualifying prospective bidders, soliciting proposals and

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time of contract award because it generally results in the customer contracting for a specific scope of work from the single successful awardee.

evaluating contractor bids and selection process can take a year or more to complete.

This method of contracting may provide the contractor with greater certainty of the timing and amounts to be received at the time of contract award because it generally results in the customer contracting for a specific scope of work from the single successful awardee.

Sole Source Award Contracts.

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These types of contracts are generally used when uncertainties involved in contract performance do not permit costs to be estimated with sufficient accuracy to use a fixed-price contract.

Cost-reimbursement contracts usually subject us to lower risk and generally require us to use our best efforts to accomplish the scope of the work within a specified time and amount of costs.

Award and incentive fee contracts generally are based on certain performance criteria including technical performance and quality.

Cost-reimbursement contracts usually subject us to lower risk and generally require us to use our best efforts to

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accomplish the scope of the work within a specified time and amount of costs.

Award and incentive fee contracts generally are based on certain performance criteria including technical performance and quality.

• Time-and-materials ("T&M") contracts typically provide for negotiated fixed hourly rates for specified categories of direct labor plus reimbursement of other direct costs.

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Our principal competitors include the following:

• the engineering and technical services divisions of large defense contractors that provide IT services in addition to other hardware systems and products, which include companies such as General Dynamics Corporation, Northrop Grumman Corporation, and RTX Corporation;

• contractors focused principally on technical and IT services, such as Booz Allen Hamilton Inc., CACI International, Inc., Leidos Holdings, Inc., ManTech International Corporation, and Serco Group plc;

• contractors focused principally on technical and IT services for the U.S.

government, such as Booz Allen Hamilton Inc., CACI International, Inc., Leidos Holdings, Inc., ManTech International Corporation, Parsons Corporation, Peraton, and Serco Group plc;

• diversified commercial providers that also provide U.S.

government IT services, such as Accenture plc and International Business Machines Corporation.

government IT services, such as Accenture plc, AECOM, Amentum Holdings, Inc., Deloitte, and International Business Machines Corporation.

We compete on various factors, which include:

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In addition, procurement initiatives to improve efficiency, refocus priorities, increase small business awards and enhance best practices could result in fewer new opportunities for our industry as a whole, which would intensify competition within the industry as companies compete for a more limited set of new programs.

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Patents and Proprietary Information

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We selectively pursue opportunities to license or transfer our technologies to third parties.

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In connection with the performance of services, the U.S.

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People and Culture

Our success starts with our people.

Because our business focuses on high-end solutions in mission IT, enterprise IT, engineering services, and professional services, the ability to acquire, develop, and retain highly skilled talent is central to our operations and prosperity.

As of January 31, 2025, we employed approximately 24,000 individuals, including more than 6,000 active military or veterans.

Our corporate values of innovation, inclusion and integrity underpin our culture, and that culture is key to advancing long-term shareholder interests.

At SAIC, we strive for the most innovative solutions and best business results by respecting our people and partnering passionately with our customers and communities.

We empower our people to take appropriate risks and leverage emerging technology to solve our customers’ most complex problems.

As our business focuses on high-end innovation and solutions in mission IT, enterprise IT, engineering services, and professional services, our ability to attract, hire, develop, and retain highly skilled talent is core to our operations and success.

As of January 30, 2026, we employed approximately 23,000 individuals, including more than 5,800 active military or veterans, which represents 25% of our workforce.

Our corporate values of innovation, inclusion and integrity underpin our culture, which is key to advancing long-term shareholder interests.

We strive for innovative solutions and positive business results by expecting our people to drive execution excellence and to understand our customers intimately.

We empower our people to take strategic risks and leverage emerging technology to solve our customers’ and country’s most complex problems.

Our employees excel because they are invested in our Company, our mission, and our customers’ success.

We work each day to create an environment where engaged employees perform meaningful work with purpose.

We deliver solutions to our customers' most challenging problems while giving our employees opportunities to develop their careers through every phase of the talent lifecycle in a flexible and healthy work environment.

Our commitment to our employees, and their commitment to our Company, are reflected in our fiscal 2025 culture survey results, where we achieved our highest overall score in five years ― exceeding certain national benchmarks by 6%.

This mutual commitment is further illustrated by our employees’ generous donations of time and money to support SAIC’s three giving pillars of focus:

We work to create an environment where engaged employees can perform meaningful work with purpose and develop their careers in a flexible and healthy work environment.

Our commitment to our employees, and their commitment to our Company, are reflected in our fiscal 2026 culture survey results, where we exceeded the national benchmark for overall survey results by 4%.

This mutual commitment is illustrated by our employees’ donations of time and money to support SAIC’s three giving pillars of focus:

military heroes, community wellness, and science, technology, engineering and mathematics ("STEM").

Last year, our employees volunteered 33,000 hours in their communities.

At the same time, the SAIC Charitable Foundation (the "Foundation"), a public 501(c)(3) organization created by SAIC, collected emergency relief funds for employees faced with unforeseen financial hardships, such as those caused by natural disasters.

In calendar year 2024, the Foundation awarded grants for more than $235,000 in direct support to our employees.

Last year, as with the last five years, our employees reported volunteering more than 21,000 hours in their communities.

Further, the SAIC Charitable Foundation (the "Foundation"), a public 501(c)(3) organization created by SAIC, continues to collect and distribute emergency relief funds for employees faced with unforeseen financial hardships, such as those caused by natural disasters.

Since its inception in 2020, the foundation has awarded grants equivalent to more than $600,000 in direct support to our employees.

Our customers and the business community recognize and appreciate our innovative workforce.

In fiscal 2025, we received several noteworthy accolades, including Fortune’s Sector Leaders in Technology;

The Wall Street Journal & Drucker Institute 250 Best-Managed Companies of 2024;

and Forbes' America’s Best Employers for Engineers.

In fiscal 2026, we received several noteworthy accolades, including Forbes Americas’ Dream Employers and its Best Employers for Veterans, and Glassdoor Best Places to Work.

Talent Development

In fiscal 2025, we continued to invest in our workforce through various talent development and retention initiatives, such as “upskilling,” rotational assignments, and leadership development programs.

We have more than 20 third-party partners that help us deliver a wide range of job-specific training.

In fiscal 2026, we continued to invest in our workforce through various talent development and retention initiatives, such as upskilling, rotational assignments, and leadership development programs accounting for nearly 4,000 hours.

We have more than 20 third-party strategic partners that help us deliver a wide range of job-specific training.

In addition to technical and professional skills training, we offer higher education and tuition assistance programs for continuing education and industry certifications.

Our employees completed more than 140,000 training hours, or nearly six hours per employee.

We seek to build our leadership team from within our workforce, with merit-based promotions of the most qualified candidates.

We invest in tomorrow’s leaders by providing leadership development programs such as Leadership 365 and Developing Frontline Leaders.

More than 450 employees participated in leadership development programs for nearly 8,500 hours of training.

We also had more than 300 early career professionals joined us for internships.

When we need to hire externally, we focus on identifying and attracting highly skilled, exceptional talent.

Our employees completed more than 175,000 training hours, or just over 7.5 hours per employee.

We seek to build our leadership team from within our workforce, with merit-based promotions for the most qualified candidates.

We invest in tomorrow’s leaders by providing leadership development programs for aspiring, frontline, and mid-level leaders, as well as executive coaching and executive education.

More than 320 employees participated in leadership development programs for just over 3,200 hours of training.

We also had more than 200 early career professionals who joined us for internships.

When hiring externally, we focus on identifying and attracting highly skilled, exceptional talent.

Employee referrals often result in our best-performing new hires.

In fiscal 2025, more than 21% of our approximately 5,000 new employees came from employee referrals.

With a voluntary attrition rate of approximately 13% in the current fiscal year, we are an industry leader in employee retention, having steadily decreased voluntary turnover as a percentage of employees over the past three years.

In fiscal 2026, nearly 34% of new employees came from employee

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With a voluntary attrition rate of just under 12% in fiscal 2026, we continue to be an industry leader in employee retention.

Supporting Well-being

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Our employees’ safety is paramount, and we actively work to prevent workplace hazards.

We also encourage our employees to participate in health and wellness

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Our wellness program helps employees incorporate healthy actions into everyday life through useful resources and valuable incentives.

We encourage our employees to participate in health and wellness initiatives, including mental health offerings.

Our wellness program helps employees incorporate healthy actions into everyday life through useful resources and incentives.

We offer a suite of convenient, easily accessible tools to support wellness, whether an employee works at an SAIC facility, at a customer site, or remotely.

Our Employee Assistance Program provides confidential counseling, personal financial guidance and resources, legal support, and work-life assistance.

We are committed to providing accommodations to employees with disabilities that enable them to perform the essential functions of their job and enjoy equal employment opportunities.

We are committed to providing accommodations to employees with disabilities that enable them to perform the essential functions of their job and access to equal employment opportunities.

Research and Development

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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business