By Katherine Hamilton

Science Applications International shares gained after the government contractor raised its outlook and laid out its plan under a newly restructured management team.

The stock jumped 18% to $103.55 Thursday, putting it on track for its highest percent increase since 2020. Shares are still down 7% this year.

SAIC now expects full-year revenue to be $7.28 billion to $7.33 billion, up from prior guidance of $7.25 billion to $7.33 billion. It anticipates adjusted earnings per share will be $9.80 to $10, an increase of 40 cents.

The guidance comes as the company is undergoing a restructuring. In October, SAIC's chief executive stepped down and was succeeded in the interim by board member Jim Reagan.

SAIC in November reorganized its business segments and said three executives including its chief innovation officer would depart.

Reagan told analysts on a call Thursday that he is focusing on returning SAIC to long-term growth. In recent years, the company has struggled to convert its work in national security into revenue growth, which Reagan said has been driven by below-average business development.

Reagan is focused on increasing capacity for investment, making use of financial resources more efficient and improving the quality of contract bids. Management has identified $100 million in annual spend that it is working to reinvest in areas with higher returns and margins, he said.

"We have already begun implementing the initial changes to fuel growth and drive margins higher," Reagan said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

December 04, 2025 11:53 ET (16:53 GMT)

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