RESTON, Va. - Science Applications (NASDAQ: SAIC ) International Corporation (NYSE:SAIC) saw its shares jump 10.3% in premarket trading Thursday after the technology integrator reported third quarter results and guidance that exceeded analyst estimates.

SAIC posted adjusted earnings per share of $2.61 for the quarter ended November 1, handily beating the consensus forecast of $2.17. Revenue grew 4.3% year-over-year to $1.98 billion, also surpassing expectations of $1.94 billion.

The company raised its full-year fiscal 2025 outlook, now projecting earnings per share of $8.50-$8.65, up from its previous guidance of $8.10-$8.30 and above the $8.19 analyst consensus. SAIC also increased its revenue forecast to $7.425-$7.475 billion, compared to the $7.396 billion consensus estimate.

"Our results in the third quarter demonstrate progress towards meeting our near-term financial goals and executing our long-term strategy to drive profitable growth and value for our customers and shareholders," said SAIC CEO Toni Townes-Whitley.

The strong quarterly performance was driven by increased volume on existing and new contracts. SAIC's adjusted EBITDA margin expanded to 10% from 9.4% in the prior year period.

Looking ahead, the company expects to exceed $25 billion in contract submissions this fiscal year, up from its previous target of $22 billion. Management anticipates this increased pipeline will translate to improved book-to-bill ratios and accelerating growth in fiscal 2026.

SAIC's board also authorized a new $1.2 billion share repurchase program, representing about 20% of the company's market value.

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