Science Applications International Corp SAIC
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Mar 17, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
6 paragraphs in Risk Factors of the 10-K filed Mar 16, 2026 with nothing like them in the 10-K filed Mar 17, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
The DoW has released a new Acquisition Transformation Strategy to rebuild the defense industrial base, which prioritizes speed and execution in the acquisition process, and may restructure contract requirements, reorganize the DoW workforce, shift its acquisition strategy toward longer-term contract structures, and require increased upfront investment on R&D-based concepts and solutions. We will remain engaged and responsive to these new requirements and assess impacts on our procurement, contracting and program execution.
We are subject to income and other taxes in the U.S. and various foreign jurisdictions. Our future effective tax rates, profitability, cash flows, and financial position could be adversely affected by changes in applicable domestic or foreign tax laws, regulations, treaties, or policies (including those with retroactive effect), or their interpretation and application. This includes unanticipated changes in our tax provisions, increases in tax liabilities from final determinations of tax audits, disputes, litigation, or agreements, reevaluation of uncertain tax positions, or other factors requiring significant judgment.
In July 2025, the One Big Beautiful Bill Act (the “Act”) was enacted, making permanent or extending many provisions from the prior Tax Cuts and Jobs Act ("TCJA") while introducing key changes such as the repeal of mandatory capitalization of research and development expenditures, restoration of 100% depreciation for qualified property placed in service after January 19, 2025, and other modifications to deductions, credits, and incentives. These provisions have favorably affected our fiscal year 2026 results, including lower tax payments, improved cash flows from accelerated deductions on R&D, and an overall reduction in near-term cash tax liabilities compared to prior years impacted by TCJA amortization requirements.
or obtain adequate insurance in the future. The outcome of litigation and other claims, including those described under “Legal Proceedings” in Part I, Item 3 of this report, is inherently uncertain, and management’s view of these matters may change in the future.
required work in person, produce operational or other unforeseen challenges, and in the longer term, threaten our performance of contracts, any of which could harm our business and its results.
other issues in the banking industry, including changes in legislation and regulation, it may have an adverse impact on our operational and financial performance.
Paragraphs in the 10-Q filed Aug 31, 2026 that were not in the one before
New in the latest 10-Q
12 paragraphs in the 10-Q filed Aug 31, 2026 with nothing like them in the 10-Q filed Jun 1, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
The Company's effective income tax rate was 14.2 % and 17.9 % for the three and six months ended July 31, 2026, respectively, and was ( 17.2 )% and ( 0.4 )% for the three and six months ended August 1, 2025, respectively. The effective tax rates for the prior year periods reflected a $ 47 million tax benefit related to the settlement of an IRS audit covering fiscal years 2016 through 2019.
Read in the 10-Q
On August 14, 2026, the Company amended the MARPA to increase the aggregate facility limit from $ 300 million to $ 400 million.
Read in the 10-Q
Income Taxes. Our effective income tax rate was 14.2% and 17.9% for the three and six months ended July 31, 2026, respectively, and was (17.2)% and (0.4)% for the three and six months ended August 1, 2025, respectively. The effective tax rates for the prior year periods reflected a $47 million tax benefit related to the settlement of an IRS audit covering fiscal years 2016 through 2019.
Read in the 10-Q
Acquisition, integration, restructuring and impairment costs. Acquisition and integration costs represent costs incurred related to our acquisitions and subsequent integration with acquired businesses. Restructuring and impairment costs represent costs incurred related to internal reorganizations and initiatives (e.g., Project Orbit), facilities optimization efforts, and impairments of long-lived assets, along with associated depreciation.
Read in the 10-Q
Costs related to the settlement of federal tax audits. Costs related to the settlement of federal tax audits represent costs related to the IRS audit settlement for fiscal years 2016 through 2019.
Read in the 10-Q
Show the other 7
Gain on divestitures, net of transaction costs. The gain on divestitures includes gains recognized related to divestitures, net of transaction costs.
Read in the 10-Q
Subsequent to quarter end, on August 14, 2026, we amended the MARPA to increase the aggregate facility limit from $300 million to $400 million.
Read in the 10-Q
Item 6
10.1* SAIC Executive Severance, Change in Control and Retirement Policy, effective January 1, 2027.
Read in the 10-Q
10.2 Amendment No.6 to Master Accounts Receivable Purchase Agreement, dated August 14, 2026, among Science Applications International Corporation and MUFG Bank, Ltd. Incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K as filed with the SEC on August 19, 2026.
Read in the 10-Q
10.3* Second Amendment to the Science Applications International Corporation 2023 Equity Incentive Plan, effective June 3, 2026.
Read in the 10-Q
10.4* Form of Restricted Stock Unit Award Agreement of the Science Applications International Corporation 2023 Equity Incentive Plan, effective March 24, 2026.
Read in the 10-Q
10.5* Form of Performance Stock Unit Award Agreement of the Science Applications International Corporation 2023 Equity Incentive Plan, effective March 24, 2026.
Read in the 10-Q
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Aug 31, 2026 against Item 1A of the 10-K filed Mar 16, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:There have been no material changes from the risk factors disclosed in our most recently filed Annual Report on Form 10-K.
Read in the 10-Q
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Phrases used for the first time
Two-word phrases in Risk Factors of the 10-K filed Mar 16, 2026 that are in none of the 1 earlier 10-Ks stored, back to Mar 17, 2025
Where each one is used
- executive order: Federal legislation, regulations, executive orders, and other initiatives dealing with, among other things, procurement reform, the mitigation of potential OCIs, the deterrence of fraud, the U.S. government taking ownership stakes in certain competitors, the threat of contract cancellation if timely performance is...
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
What was taken out
2 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/SAIC/export.csv") into a cell.