11:52 AM EDT, 06/02/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Science Applications International ( SAIC ) shares were down more than 12% in recent trading Monday after the company's fiscal Q1 earnings fell short of analysts' expectations.

The company reported fiscal Q1 adjusted earnings of $1.92 per diluted share, the same as a year earlier.

Analysts polled by FactSet expected $2.12.

Revenue for the fiscal quarter ended May 2 was $1.88 billion, up from $1.85 billion a year earlier.

Analysts surveyed by FactSet expected $1.87 billion.

For fiscal 2026, the IT services firm said it continues to expect adjusted diluted EPS of $9.10 to $9.30 on revenue of $7.60 billion to $7.75 billion.

Analysts polled by FactSet expect non-GAAP EPS of $9.26 on revenue of $7.68 billion.

Price: 100.87, Change: -14.68, Percent Change: -12.70