CACI (CACI) Q4 2026 Earnings Call Transcript
CACI International reported Q4 2026 revenue of $2.7 billion, up 17.6% (11.6% organic), with adjusted EPS of $8.91 and Q4 EBITDA margin of 13.0%. FY26 free cash flow rose to $735.4 million. FY27 guidance calls for revenue of $10.65B to $10.85B and adjusted EPS of $32.96 to $33.86, plus FCF at least $900M.
How this was made
The 30-second read
Why it matters
Traders can reprice CACI’s forward earnings and cash-flow expectations based on the disclosed FY27 revenue, EPS, and FCF guidance, while monitoring the stated risk of slower contract awards and changing procurement measurement.
Market read
The transcript is a primary disclosure of FY27 guidance and funded backlog strength, which typically drives near-term valuation and positioning for defense-tech contractors.
What to watch
Funded backlog growth is strong, but the transcript also notes leverage returning to low 3s by June 2027, implying execution risk in capital structure and integration costs.
Background
CACI reported Q4 and FY26 results and discussed a transition toward a technology-first, higher-margin software-defined model, including ARKA integration.
Ticker impact
CACI guided FY27 revenue to $10.65B-$10.85B and adjusted EPS to $32.96-$33.86, citing funded backlog growth and ARKA integration.
Bias toward upside if the market rewards the FY27 FCF and funded backlog trajectory; near-term award delays could cap immediate enthusiasm.
The transcript provides specific, decision-relevant forward guidance (revenue, EPS, FCF) plus backlog and book-to-bill metrics, and it flags a concrete risk about slower awards and evolving procurement metrics.
Market effects
Reinforces demand durability in defense and intelligence IT and electronic warfare, with procurement shifting toward OTAs and OTA-like mechanisms.
Primarily US federal defense and intelligence spending read-through.
Limited direct global spillover, but space and optical communications program progress can influence broader defense-tech sentiment.
Counterpoint
The company’s near-term contract award metrics may lag due to longer award timelines, and OTA-driven procurement could make book-to-bill comparisons less reliable.
Key entities
- companyCACI International Inc.
Defense and intelligence contractor providing FY27 guidance, backlog metrics, and program updates (Spectral, Enterprise Space Terminal, Domestic Shield).
- acquisitionARKA
Space and sensing technology acquisition integrated into CACI’s operating performance and guidance assumptions.
- programSpectral
Electronic warfare and electromagnetic spectrum dominance program moving into low-rate initial production with deployment in 2H FY27.
- programEnterprise Space Terminal (EST)
Space Force program where CACI advanced to Phase 3 for optical communications across orbits.
