CACI · CACI International Inc

CACI International Inc delivered strong third quarter fiscal 2026 results with revenue growth of 8.5% year-over-year to $2.4 billion, driven primarily by 6.8% organic growth. The company's profitability metrics showed even stronger performance, with net income increasing 16.6% to $130.4 million and diluted EPS rising 17.6% to $5.88. Management attributed the operational strength to higher revenues and gross profit, while the EPS growth was driven by higher income from operations and share repurchases made during fiscal year 2025, partially offset by higher interest expense and tax provisions. The company's backlog position strengthened significantly, with total backlog reaching $33.4 billion (up 6.4% year-over-year) and funded backlog growing 19.0% to $5.0 billion, providing visibility into future revenue streams. Notably, the company completed its acquisition of ARKA Group for $2.6 billion in March 2026, which contributed to the guidance increase and adds electro-optical/infrared and AI-based software capabilities to CACI's portfolio. President and CEO John Mengucci highlighted that the raised guidance reflects both the ARKA acquisition and stronger organic business performance, while the company reaffirmed its free cash flow guidance despite absorbing additional transaction costs. The company's contract awards during the quarter totaled $2.2 billion, with approximately 26% representing new business, indicating continued market traction across defense and intelligence sectors.