10-Q · April 23, 2026
CACI reported Q3 revenue of $2,351.0M, up 8.5% YoY, with income from operations of $228.9M, up 16.6% YoY. Operating leverage and backlog expansion (total backlog $33.4B, up 6.4% YoY) are positives, while…
Earnings analysis · 10-Q
CACI earnings analysis
Filed October 22, 2026 · Our reading of the company's report
The latest report
CACI reported $7.66 EPS on $2.475 billion of revenue, beating EPS expectations by 16.6% but missing revenue consensus by 1.4%. The filing provides limited income-statement, segment, balance-sheet, and cash-flow detail…
Read full summary
CACI reported $7.66 EPS on $2.475 billion of revenue, beating EPS expectations by 16.6% but missing revenue consensus by 1.4%. The filing provides limited income-statement, segment, balance-sheet, and cash-flow detail in the supplied extract, so gross margin, operating margin, free cash flow, and segment revenue are not reported here. Legal exposure improved materially after the Al Shimari case was dismissed, while variable-rate debt and $92.7 million of foreign-denominated cash remain notable financial risks.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $7.66
What stood out
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EPS beat offset by revenue miss
Reported EPS was $7.66, $1.09 above the $6.57 consensus estimate, a 16.6% positive surprise. Revenue was $2.475 billion, $36.1 million below the $2.511 billion estimate, or 1.4% below consensus.
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Interest-rate hedging remains substantial
The company had $1.400 billion of interest-rate swaps outstanding, providing partial protection against floating-rate debt exposure.
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Lower international revenue mix
International Operations represented 3.1% of revenue in the quarter versus 3.4% in the prior-year quarter, indicating a modest reduction in international revenue mix.
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Favorable Al Shimari legal outcome
The Al Shimari judgment was vacated and the case was dismissed on October 21, 2026, following the October 20 mandate from the Court of Appeals.
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No reported control deficiencies
Management stated that disclosure controls were effective as of September 30, 2026, and reported no changes in internal controls that materially affected, or were reasonably likely to materially affect, reporting controls during the quarter.
What to watch
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Remaining floating-rate debt exposure
A 1% fluctuation in applicable interest rates would have changed quarterly interest expense by $5.1 million on variable-rate debt, despite $1.400 billion of hedging notional.
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Foreign cash repatriation constraints
The company held $92.7 million of cash denominated in pound sterling and euro outside the United States; a significant portion was not immediately available to fund U.S. operations unless repatriated.
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No formal risk-factor changes
The 10-Q states that there were no material changes from the risk factors in the June 30, 2026 Form 10-K. However, the Abbass litigation remained stayed, with the court indicating it would await potential Supreme Court review of Al Shimari before determining whether to dismiss the case.
Management's outlook
The supplied 10-Q text does not provide numeric revenue, EPS, or free-cash-flow guidance. The prior 8-K disclosed FY2027 guidance of $10.7 billion-$10.9 billion revenue, $33.18-$34.08 adjusted EPS, and at least $900 million free cash flow.
Earlier filings 4
10-Q · January 22, 2026
CACI reported solid Q2 results with revenue of $2,220,097,000 and diluted EPS of $5.59, both up vs. the year-ago quarter. Operating performance improved (income from operations $206,469,000) and cash increased…
10-K · August 7, 2025
CACI positions itself as a provider of differentiated Expertise and Technology for national security customers, emphasizing investments in AI, DevSecOps, photonics and its CRADLE innovation center to win multi-year…
10-Q · October 24, 2024
CACI reported quarterly revenue of $2,056,889,000 (up $206,742,000 or ~11.2% YoY vs $1,850,147,000) and diluted EPS of $5.33 (up $1.57 or ~41.8% YoY vs $3.76). Operating income rose to $179,841,000 (from $137,349,000)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.