Press Release: Caci Named A 2026 Fortune World's Most Admired Company For The Ninth Consecutive Year

CACI’s second quarter fiscal 2026 results reflected ongoing momentum in technology-driven solutions, even as revenue fell short of Wall Street expectations. Management pointed to steady demand across its core national security markets and highlighted the growing role of software-defined technologies, particularly in electronic warfare and agile software development. CEO John Mengucci emphasized that CACI’s ability to anticipate customer needs and accelerate delivery was a primary factor in maintaining stable operating margins and strong cash flow, despite some lingering impacts from government shutdowns and delays in federal procurement processes.

CACI (CACI) Q4 CY2025 Highlights:

• Revenue: $2.22 billion vs analyst estimates of $2.27 billion (5.7% year-on-year growth, 2.4% miss)
• Adjusted EPS: $6.81 vs analyst estimates of $6.49 (4.9% beat)
• Adjusted EBITDA: $262.6 million vs analyst estimates of $255.3 million (11.8% margin, 2.8% beat)
• The company lifted its revenue guidance for the full year to $9.4 billion at the midpoint from $9.3 billion, a 1.1% increase
• Management raised its full-year Adjusted EPS guidance to $28.59 at the midpoint, a 3.6% increase
• Operating Margin: 9.3%, in line with the same quarter last year
• Backlog: $32.8 billion at quarter end, up 3.1% year on year
• Market Capitalization: $14.21 billion

While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.

Our Top 5 Analyst Questions From CACI’s Q4 Earnings Call

• Gavin Parsons (UBS): asked how increased U.S. military operational tempo impacts CACI’s addressable market. CEO John Mengucci explained that higher activity levels drive demand for software-defined electronic warfare and rapid technology deployment.
• Peter Arment (Baird): inquired about the timing and impact of a recently protested contract win. Mengucci said the award will begin ramping up soon, with most benefits likely accruing in future periods, especially 2027–2028.
• Colin Canfield (Cantor): asked about the scalability of intelligence services post-ARCA acquisition. Mengucci stated that ARCA’s long-term contracts and technical capabilities align well with CACI’s growth strategy and create opportunities for new product integration.
• Scott Mikus (Melius Research): questioned whether government ownership stakes in competitors might affect CACI’s positioning. Mengucci responded that CACI’s proactive investments and focus on technology differentiation mitigate such risks.
• Jonathan Siegmann (Stifel): pressed on drivers behind margin improvement. CFO Jeffrey MacLauchlan attributed it to an accelerating technology mix and disciplined cost management, noting four consecutive years of indirect cost reduction.

Catalysts in Upcoming Quarters

In future quarters, the StockStory team will be monitoring (1) the pace at which CACI’s technology-driven contracts, especially in electronic warfare and enterprise software, convert from backlog to revenue; (2) the successful integration and early contributions of the ARCA acquisition to CACI’s space and intelligence portfolio; and (3) the impact of government funding flows, contract protests, and procurement reforms on award timing and execution. Continued progress in AI-enabled offerings and agile development will also serve as important markers.

CACI currently trades at $649.05, up from $632.56 just before the earnings. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it’s free).