CACI International (CACI) Q2 2026 earnings summary

Executive summary

• Q2 revenue reached $2.22 billion, up 5.7% year-over-year, with 4.5% organic growth and EBITDA margin of 11.8%.

• Net income rose 12.7% to $123.9 million, and adjusted diluted EPS increased 14.5% to $6.81.

• Free cash flow reached $138 million, more than doubling year-over-year, driven by profitability and working capital management.

• Technology now comprises nearly 60% of total revenue, with continued expansion expected.

• Announced $2.6 billion acquisition of ARKA to strengthen technology-driven portfolio and space market strategy.

Financial highlights

• Six-month revenue was $4.51 billion, up 8.4% year-over-year; Q2 revenue: $2.22 billion, 5.7% year-over-year growth (4.5% organic).

• EBITDA margin: 11.8%, up from 11.1% a year ago.

• Adjusted diluted EPS: $6.81, up 14.5% year-over-year; net income for the quarter was $123.9 million.

• Free cash flow: $138 million; DSO at 57 days.

• Book-to-bill: 0.65x for Q2, 1.4x for first half, 1.3x trailing 12 months; backlog reached $33 billion, up 3% year-over-year.

Outlook and guidance

• FY26 revenue guidance raised to $9.3–$9.5 billion (7.8%–10.1% growth, <2% from acquisitions).

• EBITDA margin guidance increased to 11.7%–11.8%; tax rate 23.0%–24.0%.

• Adjusted net income guidance: $630–$645 million; adjusted EPS: $28.25–$28.92 (7%–9% growth).

• Free cash flow guidance: at least $725 million, implying 65% growth in free cash flow per share.

• Three-year target to exceed $1.6 billion free cash flow, not including ARKA acquisition benefits.