| Disaggregated Revenues |
Aggregate net changes in estimates on contracts accounted for using the cost-to-cost method of accounting were recognized in operating income as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | August 1,
2025 | | August 2,
2024 | | August 1,
2025 | | August 2,
2024 | | (in millions, except per share amounts) | Net favorable (unfavorable) adjustments | $ | 5 | | | $ | (1) | | | $ | 3 | | | $ | — | | Net favorable (unfavorable) adjustments, after tax | 6 | | | (1) | | | 3 | | | — | | | Diluted EPS impact | $ | 0.13 | | | $ | (0.02) | | | $ | 0.06 | | | $ | — | |
Disaggregated revenues by customer were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | August 1, 2025 | | August 2, 2024 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Department of Defense | $ | 920 | | $ | 2 | | $ | 922 | | | $ | 950 | | $ | — | | $ | 950 | | Intelligence and other federal government agencies | 444 | | 360 | | 804 | | | 455 | | 369 | | 824 | | Commercial, state and local governments and international | 10 | | 33 | | 43 | | | 10 | | 34 | | 44 | | | Total | $ | 1,374 | | $ | 395 | | $ | 1,769 | | | $ | 1,415 | | $ | 403 | | $ | 1,818 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | August 1, 2025 | | August 2, 2024 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Department of Defense | $ | 1,902 | | $ | 5 | | $ | 1,907 | | | $ | 1,924 | | $ | 2 | | $ | 1,926 | | Intelligence and other federal government agencies | 889 | | 768 | | 1,657 | | | 913 | | 745 | | 1,658 | | Commercial, state and local governments and international | 16 | | 66 | | 82 | | | 14 | | 67 | | 81 | | | Total | $ | 2,807 | | $ | 839 | | $ | 3,646 | | | $ | 2,851 | | $ | 814 | | $ | 3,665 | |
Disaggregated revenues by contract type were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | August 1, 2025 | | August 2, 2024 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Cost reimbursement | $ | 1,093 | | $ | 13 | | $ | 1,106 | | | $ | 1,085 | | $ | 20 | | $ | 1,105 | | Time and materials ("T&M") | 117 | | 276 | | 393 | | | 162 | | 264 | | 426 | | Firm-fixed price ("FFP") | 164 | | 106 | | 270 | | | 168 | | 119 | | 287 | | | Total | $ | 1,374 | | $ | 395 | | $ | 1,769 | | | $ | 1,415 | | $ | 403 | | $ | 1,818 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | August 1, 2025 | | August 2, 2024 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Cost reimbursement | $ | 2,227 | | $ | 33 | | $ | 2,260 | | | $ | 2,219 | | $ | 41 | | $ | 2,260 | | Time and materials ("T&M") | 258 | | 568 | | 826 | | | 311 | | 532 | | 843 | | Firm-fixed price ("FFP") | 322 | | 238 | | 560 | | | 321 | | 241 | | 562 | | | Total | $ | 2,807 | | $ | 839 | | $ | 3,646 | | | $ | 2,851 | | $ | 814 | | $ | 3,665 | |
Disaggregated revenues by prime versus subcontractor were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | August 1, 2025 | | August 2, 2024 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Prime contractor to federal government | $ | 1,239 | | $ | 329 | | $ | 1,568 | | | $ | 1,283 | | $ | 335 | | $ | 1,618 | | | Subcontractor to federal government | 125 | | 33 | | 158 | | | 122 | | 34 | | 156 | | | Other | 10 | | 33 | | 43 | | | 10 | | 34 | | 44 | | | Total | $ | 1,374 | | $ | 395 | | $ | 1,769 | | | $ | 1,415 | | $ | 403 | | $ | 1,818 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended | | August 1, 2025 | | August 2, 2024 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Prime contractor to federal government | $ | 2,538 | | $ | 701 | | $ | 3,239 | | | $ | 2,592 | | $ | 677 | | $ | 3,269 | | | Subcontractor to federal government | 253 | | 72 | | 325 | | | 245 | | 70 | | 315 | | | Other | 16 | | 66 | | 82 | | | 14 | | 67 | | 81 | | | Total | $ | 2,807 | | $ | 839 | | $ | 3,646 | | | $ | 2,851 | | $ | 814 | | $ | 3,665 | |
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| Contract Related Assets and Liabilities |
Contract balances for the periods presented were as follows: | | | | | | | | | | | | | | | | Balance Sheet line item | August 1,
2025 | | January 31,
2025 | | | | (in millions) | Billed and billable receivables, net(1) | Receivables, net | $ | 500 | | | $ | 526 | | | Contract assets - unbillable receivables | Receivables, net | 451 | | | 474 | | | Contract assets - unbillable receivables | Other assets | 29 | | | 29 | | | Contract assets - contract retentions | Other assets | 16 | | | 15 | | | Contract liabilities - current | Other accrued liabilities | 27 | | | 38 | | Contract liabilities - non-current | Other long-term liabilities | 1 | | | — | |
(1) Net of allowance of $2 million and 3 million, respectively, as of August 1, 2025 and January 31, 2025.
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