CACI Raises Full-Year Guidance on Strong Profitability and Strategic Moves

The defense and information technology contractor CACI International Inc. has revised its annual outlook upward following a quarterly performance where profitability significantly outpaced revenue growth. The company's latest results highlight a strategic pivot toward higher-margin work and expansion in key technological domains.

For the quarter, CACI reported adjusted earnings per share (EPS) of $6.81, surpassing market expectations. Quarterly revenue reached $2.22 billion, marking a 5.7% increase compared to the prior-year period, though it came in slightly below some analyst forecasts. The standout figure was net income, which jumped 14.5% year-over-year to $123.9 million, demonstrating improved operational efficiency. The company's EBITDA margin stood at a healthy 11.8%.

A record-high backlog of $32.8 billion, up 3.1%, provides substantial visibility into future revenue. Furthermore, the quarter saw robust new business awards of $1.4 billion, with approximately 70% derived from new contracts rather than renewals, signaling successful market expansion.

Strategic Acquisition to Bolster Space Technology Capabilities

A major development shaping CACI's future is its strategic move in the space sector. In December, the company agreed to acquire the ARKA Group for $2.6 billion. This acquisition is designed to enhance CACI's capabilities in space-based sensor technology and software processing. The transaction is anticipated to close in the third quarter of fiscal year 2026 and is expected to solidify the firm's technological leadership within the defense industry.

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Major Contracts Underpin Long-Term Revenue Visibility

Continued strong demand for national security modernization is driving significant contract wins for CACI. Recent key awards include a $250 million contract with the U.S. Army focused on securing spectrum dominance. Additionally, the company secured a position on the Missile Defense Agency's SHIELD indefinite-delivery/indefinite-quantity (IDIQ) contract vehicle. This multi-year framework agreement carries a potential maximum value of $151 billion, greatly enhancing long-term planning certainty.

Revised Fiscal 2026 Outlook

Based on current performance and its substantial backlog, CACI's management has raised its guidance for the full fiscal year 2026. The company now anticipates revenue in the range of $9.3 billion to $9.5 billion. Adjusted EPS is projected to be between $28.25 and $28.92. Management also forecasts free cash flow of at least $725 million.

Investors can expect more detailed insights into the company's progress when CACI releases its third-quarter fiscal 2026 report on April 22, 2026.