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Sep 30
CACI Q1 2026 Earnings Report
CACI's fiscal first quarter 2026 results highlighted by double-digit revenue growth and strong profitability.
Key Takeaways
CACI International Inc reported a strong start to fiscal year 2026 with revenues of $2.3 billion, an 11.2% increase year-over-year, driven by 5.5% organic growth. The company achieved a net income of $124.8 million and diluted EPS of $5.63, alongside robust contract awards totaling $5.0 billion, resulting in a book-to-bill ratio of 2.2x. Both total and funded backlog saw significant increases, underscoring the company's strong market position in national security priorities.
Revenues increased by 11.2% year-over-year to $2.3 billion, with 5.5% organic growth.
Diluted EPS grew by 5.6% to $5.63, and adjusted diluted EPS rose by 15.5% to $6.85.
Contract awards reached $5.0 billion, with approximately 60% for new business, leading to a book-to-bill ratio of 2.2x.
Total backlog increased by 4.6% to $33.9 billion, and funded backlog surged by 25.6% to $5.4 billion.
CACI
CACI
CACI Revenue by Segment
CACI Revenue by Geographic Location
Revenue by Segment
Department of Defense Revenue
CapyFin.comIntelligence Community Revenue
CapyFin.comFederal Civilian Agencies Revenue
CapyFin.comCommercial and Other Revenue
CapyFin.comCost-plus-fee Revenue
CapyFin.comFixed-price Revenue
CapyFin.comTime-and-materials Revenue
CapyFin.comPrime contractor Revenue
CapyFin.comSubcontractor Revenue
CapyFin.comExpertise Revenue
CapyFin.comTechnology Revenue
CapyFin.comRevenue by Geographic Location
Total Revenue
CapyFin.com Forward Guidance
CACI reaffirms its fiscal year 2026 guidance, projecting revenues between $9.2 billion and $9.4 billion, adjusted net income between $605 million and $625 million, and adjusted diluted EPS between $27.13 and $28.03. The company also expects free cash flow of at least $710 million, including tax benefits related to Section 174 modification and a cash tax refund.
Positive Outlook
- Reaffirmed fiscal year 2026 revenue guidance of $9.2 billion to $9.4 billion.
- Reaffirmed adjusted net income guidance of $605 million to $625 million.
- Reaffirmed adjusted diluted EPS guidance of $27.13 to $28.03.
- Maintained free cash flow guidance of at least $710 million.
- Free cash flow guidance includes an estimated $50 million tax benefit from Section 174 modification and a $40 million cash tax refund.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The guidance assumes certain tax benefits, which if not realized, could impact free cash flow.
- Potential risks from government contract procurement process, including bid protests and termination risks.
- Significant delays or reductions in appropriations for programs could impact future performance.
- Competitive factors such as pricing pressures and challenges in hiring and retaining employees with security clearances.