Key Highlights

  • CACI reported fiscal 2026 Revenue of $9,567.8 million, up 10.9%, and Diluted Earnings per Share of $24.16.
  • Total Backlog was $32.0 billion at 30 June 2026, with funded backlog of $5.4 billion.
  • Fiscal 2027 guidance is revenue of $10,650 million to $10,850 million and free Cash Flow of at least $900 million.

Fiscal 2026 results

CACI International Inc (NYSE:CACI), the government technology and services contractor, reported fourth-quarter and full-year results for the fiscal year ended 30 June 2026 on 5 August 2026, with an Earnings Call the following day.

Full-year revenue was $9,567.8 million, up 10.9%, or 7.2% organically. Fourth-quarter revenue was $2,709.1 million, up 17.6%, or 11.6% organically. The gap between reported and organic growth reflects revenue from outside the organic base, such as acquisitions. Cash paid for acquisitions was $2.64 billion in fiscal 2026, against $1.70 billion in fiscal 2025, and the release names ARKA as a driver of higher interest expense.

Profit and cash flow

Net income for the year was $535.8 million, up 7.2%, and diluted earnings per share were $24.16, up 8.2%. In the fourth quarter, Net Income was $156.8 million, down 0.7%, and diluted earnings per share were $7.05, down 1.3%.

EBITDA, a non-GAAP measure, was $1,173.9 million for the year, a Margin of 12.3% against 11.2%, and $353.1 million in the quarter, a margin of 13.0%. Adjusted diluted earnings per share were $29.83 for the year, up 12.7%, and $8.91 for the quarter, up 6.1%.

Free cash flow was $735.4 million for the year, up 66.2%, and $232.9 million for the quarter, up 67.4%.

Awards and backlog

Contract awards were $10.2 billion for the year, up 6.3%, a book-to-bill ratio of 1.1 times. Fourth-quarter awards were $1.6 billion, down 37.7% from a year earlier, so the full-year figure masks a slower quarter.

Total backlog at 30 June 2026 was $32.0 billion, up 1.9% from $31.4 billion. Funded backlog was $5.4 billion, up 28.6% from $4.2 billion.

Customers and recent awards

The Department of War accounted for 53.6% of fiscal 2026 revenue (55.6% in the fourth quarter), the Intelligence Community for 24.6%, federal civilian agencies for 17.4% and commercial and other customers for 4.4%. That concentration in defence and intelligence is central to how the company's prospects are assessed.

Of the $1.6 billion of fourth-quarter awards, about 40% came from new business. Notable wins included a drone-defence deployment at the Southern Border, a Department of Veterans Affairs financial management contract worth up to $308 million, and a role in an Office of Personnel Management modernisation contract worth nearly $400 million.

Balance sheet and Capital allocation

The Balance Sheet shows total Debt of about $4.9 billion, made up of $46.8 million current and $4,854.8 million long term, against cash of $191.8 million.

Share repurchases were $17.1 million in fiscal 2026, against $168.6 million in fiscal 2025. Interest expense and other, net was $215.5 million for the year, up 35.6%, and $72.1 million in the fourth quarter, up 57.7%.

Guidance and what to watch

For fiscal 2027 the company guided to revenue of $10,650 million to $10,850 million, adjusted diluted earnings per share of $32.96 to $33.86, and GAAP diluted earnings per share of $25.74 to $26.64. It expects adjusted net income of $735 million to $755 million and free cash flow of at least $900 million. These are company expectations, not reported results. No EBITDA margin guidance was provided in the release.

Chief executive John Mengucci said the company is on track to meet or exceed its three-year financial targets. Points to watch include the pace of awards after the slower fourth quarter, conversion of funded backlog, free cash flow against the guided floor and progress in reducing debt.