CACI raises 2027 revenue outlook to $10,700–10,900 million with first-quarter results
Key Facts
CACI raised its fiscal 2027 revenue outlook to a range of $10,700 million to $10,900 million as it announced first-quarter results, according to its investor statement issued on October 21, 2026. The revised annual guidance also covered earnings, with the company now expecting adjusted diluted earnings per share of $33.18 to $34.08 for the current fiscal year. The company reported quarterly revenue of $2,474.6 million for the quarter ended September 30, 2026, the first quarter of its fiscal 2027. Total revenue rose 8.2% from the corresponding quarter of the previous fiscal year, according to the results reported in the company's statement. Organic revenue growth was 2.1% over the same period, compared with the higher growth rate recorded in total quarterly revenue. Adjusted diluted earnings per share came in at $7.66 in the first quarter, alongside the raised annual guidance for this measure. Contract awards during the quarter totaled $4.8 billion, according to the disclosure accompanying the results.
CACI's total backlog stood at $34.0 billion on September 30, 2026, at the end of the period covered by the reported quarterly results. The chief executive attributed the raised outlook to results, backlog and contracting opportunities, citing "a large and growing backlog, and a strong pipeline of contracting opportunities" in the statement. On cash generation, the company recorded free cash flow of $133.5 million in the first quarter of fiscal 2027. Quarterly free cash flow fell 6.6% from the corresponding period a year earlier, while revenue posted year-on-year growth. Despite this quarterly decline, CACI maintained its free cash flow outlook for the current fiscal year at at least $900 million, without raising this target alongside its revenue and earnings per share guidance.
The company issued its previous fiscal 2027 guidance in August 2026 as part of its announcement of results for the final quarter and the previous fiscal year. At the time, it set its expected annual revenue range at $10,650 million to $10,850 million, the range it revised upward with its first-quarter results. It had also expected adjusted diluted earnings per share of $32.96 to $33.86 for the same fiscal year before announcing the new range. For the previous fiscal year, ended June 30, 2026, actual revenue totaled about $9,567.8 million, according to the company's statement on those results. Free cash flow for that year was $735.4 million, compared with the higher minimum the company is targeting for the current fiscal year. CACI defines free cash flow as net cash provided by operating activities excluding the impact of its accounts receivable sale program, less payments for capital expenditures. The company classifies this indicator as a non-GAAP measure, using this definition to present actual free cash flow and its annual guidance.