CACI Lifts Fiscal 2027 Revenue and Earnings Outlook

The Tip Desk · October 26, 2026 · 4 min read

The company now expects fiscal 2027 revenue of $10.70 billion to $10.90 billion after a 2.0x book-to-bill and a 13.3% EBITDA margin.

CACI International Inc (CACI) raised its fiscal 2027 revenue and earnings outlook after a first quarter in which EBITDA margin reached 13.3% and contract awards produced a 2.0x book-to-bill.

The technology-first national security company now expects fiscal 2027 revenue of $10.70 billion to $10.90 billion, up from $10.65 billion to $10.85 billion. Adjusted net income guidance moved to $740 million to $760 million from $735 million to $755 million, and adjusted diluted earnings per share to $33.18 to $34.08 from $32.96 to $33.86. Free cash flow guidance was reaffirmed at at least $900 million.

Revenue for the three months ended September 30, 2026 was $2.47 billion, up 8.2% from a year earlier, including 2.1% organic growth. That year-over-year rate slowed from 17.6% in the fiscal 2026 fourth quarter and 8.5% in the third quarter. Organic growth was 2.1%, down from 11.6% and 6.8% in those two prior quarters. Sequential revenue declined from $2.71 billion in the fiscal 2026 fourth quarter.

Income from operations was $247.5 million, up 16.6%. The company said the increase was driven by higher revenues and gross profit. Net income was $130.4 million, or $5.84 a share. Adjusted net income was $171.0 million, or $7.66 a share. Growth in diluted and adjusted diluted earnings per share was driven by higher income from operations, partially offset by higher interest expense and a higher tax provision, the company said. Interest expense and other, net, was $73.2 million.

EBITDA was $328.8 million, up 22.4% from a year earlier. EBITDA margin expanded to 13.3% from 11.7% a year earlier, and compared with about 13.0% in the fiscal 2026 fourth quarter and 12.3% in the third quarter.

Department of War revenue was $1.35 billion, or 54.8% of the total, up 14.8%. Intelligence Community revenue was $612.0 million, or 24.7%, up 2.6%. Federal civilian agencies revenue was $396.4 million, or 16.0%, down 3.7%. Commercial and other revenue was $112.0 million, or 4.5%, up 12.1%.

Fixed-price revenue was $821.8 million, or 33.2% of the total, up 34.4%. Cost-plus-fee revenue was $1.31 billion, or 52.8%, down 5.5%. Time-and-materials revenue was $346.5 million, or 14.0%, up 18.0%. Technology revenue was $1.45 billion, or 58.6%, up 11.4%. Expertise revenue was $1.03 billion, or 41.4%, up 3.9%. Prime contractor revenue was $2.21 billion, or 89.3%, up 6.4%. Subcontractor revenue was $265.4 million, or 10.7%, up 25.9%.

Contract awards in the quarter totaled $4.8 billion, with about 61% for new business. Awards exclude ceiling values of multi-award, indefinite delivery, indefinite quantity contracts. Notable awards included a one-year plus four option periods award to support U.S. Central Command with a $1.5 billion ceiling, of which CACI recognized $1.2 billion of award and backlog value, and a five-year, $1.6 billion task order for U.S. Army Special Operations Command, of which it recognized $1.2 billion. Other awards included a five-year task order valued at up to $281 million for Naval Surface Warfare Center Crane, a five-year task order valued at up to $185 million for the Army’s PM E2S2, a task order ceiling increase valued at up to $153 million for Army DEVCOM C5ISR, and a four-year task order valued at up to $146 million for Naval Surface Warfare Center Carderock.

Total backlog as of September 30, 2026, was $34.0 billion, up 0.3% from $33.9 billion a year ago. Funded backlog was $6.2 billion, up 14.8% from $5.4 billion a year ago.

Net cash provided by operating activities excluding MARPA was $144.8 million, down 9.5% from a year earlier. The company said the decrease was driven primarily by higher working capital. Free cash flow was $133.5 million. Days sales outstanding excluding MARPA rose to 59 from 56 a year earlier.

President and Chief Executive Officer John Mengucci said the quarter represented a strong start to fiscal 2027, highlighted by revenue and EBITDA growth, strong EBITDA margin, and healthy free cash flow, and that the company delivered a 2.0x book-to-bill and another quarter of double-digit funded backlog growth. He said that based on results, large and growing backlog, and a healthy pipeline, the company is raising its fiscal 2027 revenue and earnings profit outlook while reaffirming guidance for other financial metrics.

The company also opened a 61,000-square-foot CACI Manufacturing Center of Excellence for Defense Electronics in the Greater Rochester, New York, area, which it said increases manufacturing space by more than 300%. Marcie Small was appointed Executive Vice President and Chief Human Resources Officer, succeeding Angie Combs, who retired.