CACI International Posts 11% Revenue Growth, Raises FY2027 Outlook on Defense Tech Strength
The national security contractor exceeded full-year expectations with $9.6 billion in revenue and $735 million in free cash flow, driven by electronic warfare and space portfolio wins.
Record Performance Across Key Metrics
CACI International Inc reported fiscal year 2026 revenue of $9.6 billion, representing 10.9% growth with 7.2% organic growth, according to its earnings call on August 6, 2026. The defense technology contractor delivered EBITDA margin of 12.3%, a 110 basis point increase year-over-year, and generated $735 million in free cash flow, reflecting a 68% increase in free cash flow per share (earnings call, 2026-08-06).
The company's fourth quarter performance showed acceleration, with revenue of $2.7 billion representing 17.6% year-over-year growth and EBITDA margin of 13%. Adjusted diluted earnings per share for the full year reached $29.83, up 12.7% despite "$120 million in additional interest and tax expense" (earnings call, 2026-08-06).
Electronic Warfare and Space Drive Growth
CEO John Mengucci highlighted several fiscal 2026 accomplishments positioning the company for continued expansion. The electronic warfare business saw its Spectral program achieve Milestone-C, "moving into low rate digital production with deployment to begin in the second half of fiscal '27" (earnings call, 2026-08-06). The SkyValor counter-UAS system was selected for southern border defense, and the company received "a separate $500 million award for the Domestic Shield program" last week (earnings call, 2026-08-06).
In space capabilities, CACI completed integration of its ARKA acquisition and won "a significant classified counter space program that combines adaptable software with our purpose-built mission hardware" (earnings call, 2026-08-06). The company also advanced to Phase 3 of the Space Force's enterprise-based terminal program and supported NASA's Artemis II mission.
Strong Backlog and Contract Awards
CACI won more than $10 billion in contract awards during fiscal 2026, representing a book-to-bill ratio of 1.1x (earnings call, 2026-08-06). The company's total addressable market exceeds $300 billion, with the portfolio "concentrated on enduring well-funded national security priorities" (earnings call, 2026-08-06).
Mengucci noted that OTA (Other Transaction Authority) award value in fiscal 2026 "was more than double the values of fiscal '24 and fiscal '25 combined," reflecting the shift toward faster, nontraditional procurement methods (earnings call, 2026-08-06).
Leadership Expansion and FY2027 Guidance
The company strengthened its executive team with several key hires, including Dr. Dave Young as Chief Operating Officer from Lockheed Martin's $7 billion space business, Tom Kirkand to lead Electronic Warfare from L3Harris, and Chris Monoski as EVP of Manufacturing (earnings call, 2026-08-06).
For fiscal 2027, CACI expects revenue growth of 12.4% at the midpoint, EBITDA margin "in the high 12% range," and free cash flow per share growth of approximately 22% (earnings call, 2026-08-06). CFO Jeffrey MacLauchlan noted the company is "on track to meet or exceed the 3-year targets we established at our Investor Day in November 2024" (earnings call, 2026-08-06).
MarginX data shows CACI is expected to report first quarter fiscal 2027 results on October 21, 2026, with the company's market capitalization currently around $14 billion.
This article was generated by MarginX from the earnings call on 2026-08-06. It is not investment advice.