CACI International Inc. reported fiscal third‑quarter 2026 results that surpassed analyst expectations, with adjusted diluted earnings per share of $7.27 versus a consensus estimate of roughly $6.90 to $6.97, a beat of about $0.30 per share. The company’s revenue of $2.35 billion matched the lower end of the consensus range of $2.35 billion to $2.40 billion, reflecting an 8.5% year‑over‑year increase driven by strong demand in its technology segment and modest growth in expertise services.
The adjusted EPS beat was largely driven by disciplined cost management and a favorable mix shift toward higher‑margin technology contracts. EBITDA margin expanded to 12.3% from 11.7% in the prior year, a lift attributed to pricing power in the technology business and operational leverage, partially offset by transaction costs related to the ARKA acquisition. Revenue growth was supported by a $1.33 billion technology revenue, slightly below the $1.38 billion estimate, and a $1.02 billion expertise revenue, slightly above the $1.00 billion estimate.
CACI raised its full‑year 2026 revenue guidance to $9.50 billion to $9.60 billion, up from the previous $9.30 billion to $9.50 billion range, and updated its full‑year adjusted EPS guidance to $27.70 to $28.38. The guidance lift reflects confidence in continued demand for electronic warfare, software‑defined platforms, and the integration of ARKA’s space‑based sensing capabilities, which were completed in March 2026 for $2.6 billion.
The ARKA acquisition expands CACI’s capabilities in sensing, sense‑making, and optical technology, positioning the company to serve high‑growth, high‑demand markets such as counter‑unmanned‑air‑systems and space‑based intelligence. Management noted that the acquisition is accretive to both growth and margins and that the company’s backlog of $33.4 billion provides strong revenue visibility.
Management emphasized that the company’s transformation from a services‑centric contractor to a technology platform is delivering tangible financial upside. "CACI delivered another outstanding quarter, reflecting the strength of our strategy and our continued ability to win in the market with differentiated capabilities and exceptional execution," said President and CEO John Mengucci. "Closing the ARKA Group acquisition represents another significant strategic step in advancing our ability to address our customers’ most critical missions in high‑growth, high‑demand markets."
Prior‑period context shows that Q3 FY2025 adjusted diluted EPS was $6.23 and Q2 FY2026 adjusted diluted EPS was $6.81, indicating accelerating earnings growth. The company’s backlog and cash flow generation support its confidence in maintaining profitability while investing in future growth opportunities.
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