Shares of Science Applications International Corp (SAIC) tumbled 6.53% in pre-market trading on Monday following the release of its first-quarter fiscal 2026 earnings report. The information technology services provider posted mixed results, with revenue slightly exceeding expectations but earnings falling short of analyst estimates.

SAIC reported first-quarter adjusted earnings of $1.92 per share, which was in line with the same period last year but significantly below the FactSet consensus estimate of $2.22 per share. Revenue for the quarter came in at $1.88 billion, marginally beating the analyst forecast of $1.87 billion and representing a 2% increase from the previous year. The company attributed the top-line growth primarily to increased volume on new and existing contracts, partially offset by completed contracts.

Despite the earnings miss, SAIC maintained its full-year fiscal 2026 guidance. The company continues to expect adjusted earnings per share in the range of $9.10 to $9.30 and revenue between $7.60 billion and $7.75 billion. CEO Toni Townes-Whitley commented on the results, stating, "Our performance in the first quarter reflects the steady progress we are making against our enterprise growth strategy despite a still dynamic operating environment." However, the market's negative reaction suggests investors may be concerned about the company's ability to meet its full-year targets given the significant earnings shortfall in the first quarter.