| 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 | | | | May 1,
2026 | | May 2,
2025 | | | | | | (in millions, except per share amounts) | Net favorable (unfavorable) adjustments | $ | 8 | | | $ | (2) | | | | | | Net favorable (unfavorable) adjustments, after tax | 6 | | | (2) | | | | | | | Basic and Diluted EPS impact | $ | 0.14 | | | $ | (0.04) | | | | | |
Disaggregated revenues by customer were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | May 1, 2026 | | May 2, 2025 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Department of War | $ | 981 | | $ | 1 | | $ | 982 | | | $ | 982 | | $ | 3 | | $ | 985 | | Intelligence and other federal government agencies | 479 | | 396 | | 875 | | | 445 | | 408 | | 853 | | Commercial, state and local governments and international | 6 | | 43 | | 49 | | | 6 | | 33 | | 39 | | | Total | $ | 1,466 | | $ | 440 | | $ | 1,906 | | | $ | 1,433 | | $ | 444 | | $ | 1,877 | |
Disaggregated revenues by contract type were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | May 1, 2026 | | May 2, 2025 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Cost reimbursement | $ | 1,164 | | $ | 8 | | $ | 1,172 | | | $ | 1,134 | | $ | 20 | | $ | 1,154 | | Time and materials ("T&M") | 138 | | 306 | | 444 | | | 141 | | 292 | | 433 | | Firm-fixed price ("FFP") | 164 | | 126 | | 290 | | | 158 | | 132 | | 290 | | | Total | $ | 1,466 | | $ | 440 | | $ | 1,906 | | | $ | 1,433 | | $ | 444 | | $ | 1,877 | |
Disaggregated revenues by prime versus subcontractor were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | May 1, 2026 | | May 2, 2025 | | Defense and Intelligence | Civilian | Total SAIC | | Defense and Intelligence | Civilian | Total SAIC | | (in millions) | | Prime contractor to federal government | $ | 1,339 | | $ | 371 | | $ | 1,710 | | | $ | 1,299 | | $ | 372 | | $ | 1,671 | | | Subcontractor to federal government | 121 | | 26 | | 147 | | | 128 | | 39 | | 167 | | | Other | 6 | | 43 | | 49 | | | 6 | | 33 | | 39 | | | Total | $ | 1,466 | | $ | 440 | | $ | 1,906 | | | $ | 1,433 | | $ | 444 | | $ | 1,877 | |
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| Contract Related Assets and Liabilities |
Contract balances for the periods presented were as follows: | | | | | | | | | | | | | | | | Balance Sheet line item | May 1,
2026 | | January 30,
2026 | | | | (in millions) | Billed and billable receivables, net(1) | Receivables, net | $ | 554 | | | $ | 490 | | | Contract assets - unbillable receivables | Receivables, net | 408 | | | 363 | | | Contract assets - unbillable receivables | Other assets | 22 | | | 23 | | | Contract assets - contract retentions | Other assets | 18 | | | 18 | | | Contract liabilities - current | Other accrued liabilities | 36 | | | 41 | | Contract liabilities - non-current | Other long-term liabilities | $ | 2 | | | $ | 2 | |
(1) Net of allowance of $2 million as of May 1, 2026 and January 30, 2026.
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