Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Science Applications Inte / Equity Bottom-Up

<ul><li>Science Applications International Corporation (SAIC) recently reported mixed results for its second quarter of fiscal year 2026.</li><li>The company's revenue saw a decrease of 2.7% year-over-year, falling below expectations primarily due to slower on-contract growth, increasing program disruptions, and delays in new business awards.</li><li>This has resulted in a revised revenue guidance for fiscal year 2026, expecting a contraction of 2% to 3%, and a tempered expected growth of 0% to 3% for fiscal year 2027.</li></ul>

Science Applications International Corporation (SAIC) recently reported mixed results for its second quarter of fiscal year 2026.The company's revenue saw a decrease of 2.7% year-over-year, falling below expectations primarily due to slower on-contract growth, increasing program disruptions, and delays in new business awards.This has resulted in a revised revenue guidance for fiscal year 2026, expecting a contraction of 2% to 3%, and a tempered expected growth of 0% to 3% for fiscal year 2027.

SAIC Is Navigating The Complex Government Budget Dynamics Well But Is It Enough To Warrant A ‘Buy’ Rating?

<ul><li>Science Applications International Corporation (SAIC) has reported its first-quarter results for fiscal year 2026, providing insights into both the company's performance and its strategic positioning.</li><li>In the past quarter, SAIC managed to navigate a complex operating environment marked by stabilization and ongoing procurement and contractual challenges.</li><li>Despite these difficulties, the company delivered a book-to-bill ratio of 1.3, and achieved net bookings of $2.4 billion, showcasing its adaptability and resilience in securing contracts.</li></ul>

Science Applications International Corporation (SAIC) has reported its first-quarter results for fiscal year 2026, providing insights into both the company's performance and its strategic positioning.In the past quarter, SAIC managed to navigate a complex operating environment marked by stabilization and ongoing procurement and contractual challenges.Despite these difficulties, the company delivered a book-to-bill ratio of 1.3, and achieved net bookings of $2.4 billion, showcasing its adaptability and resilience in securing contracts.

Federal Spending Is Shifting—Can SAIC Stay Ahead & Capture the Next Big Wave in Digital Defense?

<ul><li>The Science Applications International Corporation (SAIC) displayed a mixed performance for the fourth quarter of fiscal year 2025 ending January 31, 2025.</li><li>Revenue grew to $1.84 billion, marking a 6% increase year-over year, primarily driven by new program wins and existing contract growth counterbalancing program completions.</li><li>For the entire fiscal year, revenue reached $7.48 billion, representing 3.1% organic growth, at the high end of initial guidance.</li></ul>

The Science Applications International Corporation (SAIC) displayed a mixed performance for the fourth quarter of fiscal year 2025 ending January 31, 2025.Revenue grew to $1.84 billion, marking a 6% increase year-over year, primarily driven by new program wins and existing contract growth counterbalancing program completions.For the entire fiscal year, revenue reached $7.48 billion, representing 3.1% organic growth, at the high end of initial guidance.

Science Applications International Corporation (SAIC): Mission-Critical IT And Innovation And 4 Key Growth Catalysts!

<ul><li>Science Applications International Corporation (SAIC) recently reported its financial results for the third quarter of fiscal year 2025, demonstrating a mixed performance with both strengths and challenges.</li><li>The company achieved a 4.3% organic revenue growth, reflecting strong gains from new business opportunities and existing contracts.</li><li>However, this growth was tempered by a 5-point headwind from contract transitions, illustrating the challenges the company faces in sustaining its growth momentum.</li></ul>

Science Applications International Corporation (SAIC) recently reported its financial results for the third quarter of fiscal year 2025, demonstrating a mixed performance with both strengths and challenges.The company achieved a 4.3% organic revenue growth, reflecting strong gains from new business opportunities and existing contracts.However, this growth was tempered by a 5-point headwind from contract transitions, illustrating the challenges the company faces in sustaining its growth momentum.

SAIC’s Game-Changing Tech Strategy: How It’s Driving Unstoppable Efficiency Gains! - Major Drivers

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/hanwha-systems-co-ltd" target="_blank" data-smartkarma-citation="entities:28308:1" rel="noopener">Hanwha Systems Co Ltd (272210 KS)</a> will be added to the MarketVector Global Defense Industry Index at the close on 19 September.</li>
<li>The constituent change, float changes and capping changes result in an estimated one-way turnover of 3.1% resulting in a round-trip trade of US$437m.</li>
<li>Inflows to the tracking ETF have slowed down but there could be more inflows after a period of consolidation in the underlying stocks.</li>
</ul>



Hanwha Systems Co Ltd (272210 KS) will be added to the MarketVector Global Defense Industry Index at the close on 19 September.
The constituent change, float changes and capping changes result in an estimated one-way turnover of 3.1% resulting in a round-trip trade of US$437m.
Inflows to the tracking ETF have slowed down but there could be more inflows after a period of consolidation in the underlying stocks.


MV Global Defense Industry Index Rebalance: Hanwha Systems Added as Stocks Play Offence

United States

Science Applications International Corp. provides consulting services. The Company offers scientific, engineering, and technology applications and solutions to solve problems. Science Applications International  serves security, energy, environmental, health, and infrastructure markets throughout the world.

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Science Applications Inte (SAIC US)

SAIC Is Navigating The Complex Government Budget Dynamics Well But Is It Enough To Warrant A ‘Buy’ Rating?

Science Applications International Corporation (SAIC) recently reported mixed results for its second quarter of fiscal year 2026. The company's...

Baptista Research

Federal Spending Is Shifting—Can SAIC Stay Ahead & Capture the Next Big Wave in Digital Defense?

Science Applications International Corporation (SAIC) has reported its first-quarter results for fiscal year 2026, providing insights into both...

Baptista Research

Science Applications International Corporation (SAIC): Mission-Critical IT And Innovation And 4 Key Growth Catalysts!

The Science Applications International Corporation (SAIC) displayed a mixed performance for the fourth quarter of fiscal year 2025 ending January...

Baptista Research

SAIC’s Game-Changing Tech Strategy: How It’s Driving Unstoppable Efficiency Gains! - Major Drivers

Science Applications International Corporation (SAIC) recently reported its financial results for the third quarter of fiscal year 2025,...

Baptista Research

MV Global Defense Industry Index Rebalance: Hanwha Systems Added as Stocks Play Offence

Hanwha Systems will be added to the index. One-way turnover is 3.1% and the round-trip trade is US$437m. Most stocks are at or near new highs and...

Brian Freitas

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