Key Highlights

  • CACI International (NYSE:CACI) reported fiscal first-quarter 2027 adjusted diluted earnings of USD 7.66 per share on Wednesday, October 21, 2026, about 17% above the consensus estimate of USD 6.57.
  • Revenue rose 8.2% to USD 2.47 billion, but organic growth was only 2.1%, so acquisitions supplied most of the increase, while EBITDA margin widened to 13.3% from 11.7%.
  • GAAP diluted earnings rose 3.7% to USD 5.84, against 11.8% growth in adjusted earnings, because intangible amortisation from acquisitions rose to USD 54.3 million from USD 36.0 million.
  • Contract awards of USD 4.83 billion, about 61% new business, gave a book-to-bill ratio of 2.0 times, and fiscal 2027 adjusted EPS guidance rose to USD 33.18 to USD 34.08.

Profit Outran Revenue

CACI International (NYSE:CACI), the Virginia-based provider of technology and expertise to US government agencies, reported results for its fiscal first quarter of 2027, ended Wednesday, September 30, 2026, at 4:15 p.m. ET on Wednesday, October 21, 2026. Revenue rose 8.2% to USD 2.47 billion, with organic growth of 2.1%. Adjusted diluted earnings were USD 7.66 per share, against the consensus estimate of USD 6.57 and USD 6.85 a year earlier. GAAP diluted earnings were USD 5.84, against USD 5.63. EBITDA rose 22.4% to USD 328.8 million, a margin of 13.3% against 11.7%. Free cash flow fell 6.6% to USD 133.5 million. The company raised fiscal 2027 revenue guidance to USD 10.70 to USD 10.90 billion and kept free cash flow guidance at no less than USD 900 million.

How Acquisitions and Margin Built the Beat

For CACI International (NYSE:CACI), the beat came from profit per dollar of revenue rather than from contract volume. Organic growth of 2.1% means acquired businesses added roughly 6 points of the 8.2% revenue increase, on simple arithmetic. EBITDA grew almost three times as fast as revenue, a gain the release does not break down by contract type. Adjusted EPS, which adds back intangible amortisation net of tax, captured that gain in full. GAAP earnings did not, because amortisation, the non-cash expense that spreads the value of acquired intangible assets over time, rose by USD 18.3 million. That explains why adjusted earnings grew 11.8% while GAAP earnings grew only 3.7%. Cash lagged profit: days sales outstanding, the average time taken to collect receivables, rose to 59 from 56.

Risks and What to Watch

The first risk for CACI International (NYSE:CACI) is organic growth, since 2.1% leaves the company reliant on acquisitions and margin to keep raising earnings. The second is cash conversion, with free cash flow down 6.6% and collections slower, against a full-year goal of at least USD 900 million. The third is debt of about USD 4.84 billion against cash of USD 279.4 million, which may limit room for further deals. Award flow helps: funded backlog, meaning work already paid for by appropriations, rose 14.8% to USD 6.2 billion, within total backlog of USD 34.0 billion. Investors should watch the earnings call at 8:00 a.m. ET on Thursday, October 22, 2026 and second-quarter conversion of awards into revenue.

Where Things Stand

The answer is that CACI International (NYSE:CACI) beat by about 17% because acquisitions and wider margins lifted adjusted profit far faster than its 2.1% organic growth. EBITDA rose 22.4% and adjusted EPS guidance now stands at USD 33.18 to USD 34.08. A 2.0 times book-to-bill ratio supports future revenue, while weaker cash flow tempers the picture. The next catalysts are the October 22 earnings call and second-quarter results. Guidance is a company forecast, not a guarantee, and this is not investment advice.