{"podcast":{"title":"Charged Alpha Stock Encyclopedia","slug":"charged-alpha-stock-encyclopedia-7819792","podcast_index_feed_id":7819792,"rss_url":"https://feed.podbean.com/chargedalpha/feed.xml","website_url":"https://chargedalpha.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/22241603/charged_alpha_logo_2048.png","author":"Colton Thomas","episode_count":1630,"summary":"Charged Alpha reviews earnings for each stock in the Russel 1000 every quarter. Each podcast gives thorough analysis, along with an in-depth profile in the beginning of the episode of the company, what they do, how they earn money and what to look for.","last_synced_at":"2026-09-04T06:17:14.359815+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792"},"episode":{"title":"SAIC Stock: Pretax Profit Up 10%, Net Income Down 20% Q2 FY2027","slug":"saic-stock-pretax-profit-up-10-net-income-down-20-q2-fy2027","published_at":"2026-09-02T07:40:06+00:00","page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/saic-stock-pretax-profit-up-10-net-income-down-20-q2-fy2027","show_page_url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792","url":"https://chargedalpha.podbean.com/e/saic-stock-pretax-profit-up-10-net-income-down-20-q2-fy2027/","audio_url":"https://mcdn.podbean.com/mf/web/k9csentd7ozeagwm/audio_y.mp3","summary":"Science Applications International (SAIC) Q2 FY2027 — Shares gapped 11.5% on results day and touched a 52-week high of $142.66, then handed the whole move back to close at $128.22, up just 1.79% on 4.6x volume; one session later they sit at $126.78. SAIC's income before income taxes ROSE 10.2% to $119M. Its net income FELL 19.7% to $102M. The entire $36M gap is one line: the base quarter carried a $47M tax benefit from settling an IRS audit of fiscal 2016-2019, which the 10-Q names outright. That is $1.00 per prior-year diluted share. It is why adjusted EPS of $3.01 against $3.63 reads as -17.1% - and why, against a base cleaned of that credit ($2.63), the same quarter is +14.5%. The same dollar sits inside FY2026's $10.75 full-year adjusted EPS, so guidance of $10.65-$10.75 looks flat and is really about +10%. But the operating business is barely growing: book-to-bill was 0.6 in the quarter and 0.8 over twelve months against 1.1 at the January year end, and SAIC's own raised revenue guidance implies a second half that SHRINKS 4.2% after a first half that grew 3.8%. We rate SAIC a HOLD, fair value $127.83 against $126.78. THE CALL: HOLD (3/5, MODERATE) — base-case value ~$127.83 vs ~$126.78 today. KEY METRICS: - Revenue $1,880M +6.3% (5.3% organic) beat consensus by $116M; operating income $152M +9.4%, margin 8.1% vs 7.9% - Income before income taxes $119M, +10.2% - but net income $102M, -19.7% - The tax line swung $36M: a $17M charge this year against a $19M net CREDIT last year - Effective tax rate 14.2% this quarter vs NEGATIVE 17.2% in the base quarter (10-Q tax note) - The cause, quoted in the 10-Q: a $47M tax benefit from settling an IRS audit of fiscal 2016-2019 - $47M across the 46.8M prior-year diluted shares = $1.00 per share of non-repeating base - Adjusted…","meta_description":"Science Applications International (SAIC) Q2 FY2027 — Shares gapped 11.5% on results day and touched a 52-week high of $142.66, then handed the whole move…","key_points":[],"chapters":[],"topics":[],"duration_seconds":889,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/saic-stock-pretax-profit-up-10-net-income-down-20-q2-fy2027/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/saic-stock-pretax-profit-up-10-net-income-down-20-q2-fy2027.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}