Key Points
- CACI International’s fiscal Q1 2027 revenue rose 8.2% to $2.47 billion. Defense customer revenue grew 14.8%, accounting for more than 93% of the company’s total year-over-year sales increase.
- Four government awards recorded by TenderAlpha Pro in 2026 have a combined potential value of approximately $996.4 million. They cover defense technology, satellite communications, financial systems, and federal communications infrastructure.
- Federal subcontracting intelligence provides visibility into CACI’s technology and defense partnerships. TenderAlpha Pro records significant buyer-side activity involving World Wide Technology, Carahsoft, and Lockheed Martin, while CACI’s own subcontractor revenue grew 25.9% in the latest quarter.
- A 2.0x book-to-bill ratio and 14.8% growth in funded backlog support the company’s revenue outlook. CACI increased its fiscal 2027 revenue guidance to $10.7–$10.9 billion, although relatively modest total backlog growth and acquisition-related costs deserve attention.
Defense Customers Account for Most of CACI’s Recent Revenue Growth
CACI International (NYSE: CACI) delivered 8.2% year-over-year revenue growth in the first quarter of fiscal 2027, reaching $2.47 billion. That compares with the 10.9% increase achieved in fiscal 2026, suggesting a somewhat slower start to the new financial year.
The company’s customer mix tells a more revealing story.
CACI generated $1.35 billion in quarterly revenue from the Department of War, up 14.8% from the same period a year earlier. This represented approximately $174.6 million of CACI’s total $187 million year-over-year revenue increase.
In other words, more than 93% of CACI’s incremental quarterly revenue came from its defense customer category.
By comparison, revenue from the Intelligence Community increased 2.6%, while revenue from federal civilian agencies declined 3.7%.
This concentration is particularly important because the U.S. federal government accounted for 95.6% of CACI’s total revenue in fiscal 2026.
The numbers establish why understanding federal contracting activity is central to analyzing CACI’s business. Government procurement decisions influence the company’s available opportunities, while contract funding, performance requirements, and program execution determine how those opportunities may eventually translate into revenue.
That makes government contract intelligence a useful complement to CACI’s reported results.
CACI’s Government Contracts: Nearly $1 Billion Across Four Selected 2026 Awards
CACI’s federal business extends well beyond conventional IT support. Its contracts encompass defense engineering, secure communications, financial management systems, and specialized technology services.
TenderAlpha Pro’s government contract records provide a more granular view of that activity.
Four awards recorded during 2026 illustrate the range of federal programs in which CACI participates.
Table 1. Selected CACI Government Contract Awards in 2026
| Government customer | Contract scope | Potential award value |
|---|---|---|
| Defense Logistics Agency | Application development and sustainment for the Defense Agencies Initiative | $306.8 million |
| Department of Veterans Affairs | Operations and modernization support for its integrated financial and acquisition management system | $308.5 million |
| U.S. Navy | Tactical satellite communications engineering and support services | $231.5 million |
| U.S. Immigration and Customs Enforcement | Nationwide tactical communications infrastructure support | $149.6 million |
| Total selected awards | $996.4 million |
Source: TenderAlpha Pro government contract records, covering four selected initial awards dated January–October 2026. Values represent the potential amount under each delivery order, including applicable options, rather than necessarily obligated expenditure or recognized revenue. These awards are a selected subset, not CACI’s total 2026 contracting activity.
The selected awards highlight two complementary elements of CACI’s federal operations.
First, the company continues to participate in specialized defense programs. Its Navy satellite communications award provides an example of demand for technical capabilities beyond general-purpose enterprise IT.
Second, CACI’s expertise in large government technology systems also creates opportunities outside military agencies. The Veterans Affairs contract involves financial systems modernization, while the ICE award covers communications infrastructure.
These distinctions matter because a contract’s potential value is not equivalent to the revenue CACI has already earned from it.
For example, the Veterans Affairs award, made to CACI subsidiary CACI NSS, LLC, carries a potential value of approximately $308.5 million. The initial federal funding obligation was approximately $25.9 million, with subsequent funding actions increasing that amount. At the time of writing, just over $50 million has already been obligated.
The difference illustrates why monitoring contract values, funding, and subsequent procurement activity can provide useful context beyond headline award announcements.
For CACI, these records identify areas of federal demand and the programs in which the company is positioned to deliver services. They do not, on their own, establish how much of the company’s recent revenue growth came from any particular award.
Federal Subcontracting Reveals CACI’s Technology and Defense Partners
Government awards provide one view of CACI’s business. The companies participating in the delivery of those programs provide another.
CACI reported that 89.3% of its fiscal Q1 2027 revenue was earned in the capacity of a prime contractor, with the remaining 10.7% earned as a subcontractor.
That distinction makes its downstream relationships particularly interesting.
TenderAlpha Pro’s U.S. Federal Government Subcontracting Data Feed captures reported activity in which CACI, acting as a prime contractor, subcontracts work associated with government programs to other companies.
Several relationships stand out.
World Wide Technology
TenderAlpha Pro records 512 buyer-side procurement and subcontracting entries associated with the World Wide Technology group since 2020, representing approximately $317.2 million in recorded value, with mirrored parent-company records counted only once.
One documented example is a $39 million reported subcontract to World Wide Technology LLC under a CACI prime delivery order supporting the Defense Information Systems Agency. The subcontract’s description identifies software-as-a-service activity.
The relationship illustrates how a federal technology contractor can draw on specialized IT providers to support the delivery of complex government programs.
Carahsoft Technology
Carahsoft represents another substantial technology relationship in TenderAlpha’s records, with 193 buyer-side entries and approximately $270.7 million in recorded procurement and subcontracting value.
A particularly significant example is a $201.9 million reported subcontract specifically identifying Carahsoft Technology Corp. as the recipient. It relates to commercial off-the-shelf software under a CACI-led federal IT program.
The relationship highlights the importance of commercial software sourcing and distribution within large federal technology projects.
Lockheed Martin
CACI’s relationship with Lockheed Martin demonstrates a different aspect of the federal contracting ecosystem.
TenderAlpha Pro records approximately $145.1 million in buyer-side procurement and subcontracting activity involving Lockheed Martin, across 69 records.
One documented example is a $29 million reported subcontract specifically awarded to Lockheed Martin Corporation under a CACI-led defense research and development delivery order. The subcontract record describes hardware-related activity.
The relationship illustrates that government contractors do not always participate in fixed roles. A company may lead the execution of one federal program while contributing specialized capabilities to another company’s program elsewhere.
CACI as a subcontractor
CACI also participates in federal programs led by other prime contractors.
Its latest quarterly results reveal that revenue earned as a subcontractor increased 25.9% year over year to $265.4 million. Although subcontractor activity represented only 10.7% of total quarterly revenue, it accounted for approximately 29% of CACI’s year-over-year revenue increase.
TenderAlpha Pro’s supplier-side records offer a complementary example: a reported $28 million subcontract from General Dynamics Information Technology to CACI, Inc. – Federal, associated with a federal IT delivery order issued in 2024.
This illustrates CACI’s position on both sides of the subcontracting ecosystem, although the historical subcontract should not be interpreted as a direct explanation of the latest quarter’s revenue growth.
Taken together, the relationships provide a more detailed picture of CACI’s operations than a list of government customers alone.
Government contracting activity shows where opportunities originate. Federal subcontracting intelligence provides additional visibility into the companies participating in their delivery.
Recorded subcontract values represent reported awards rather than necessarily completed payments or recognized revenue. Their principal analytical value lies in identifying business relationships, program participation, and the broader contracting ecosystem.
CACI’s Financial Performance: Stronger Margins, but Acquisition Effects Matter
On the profitability front, CACI reported EBITDA of $328.8 million for fiscal Q1 2027, an increase of 22.4% year over year.
Its EBITDA margin reached 13.3%, compared with 11.7% a year earlier, representing an improvement of 160 basis points.
Adjusted diluted earnings per share increased 11.8% to $7.66, supported by higher revenue and operating profitability.
The corresponding GAAP figures were less pronounced. Diluted EPS increased 3.7% to $5.84, as higher interest expense and other costs partially offset operating improvements.
The distinction is particularly relevant following CACI’s March 2026 acquisition of ARKA Group for approximately $2.6 billion.
The acquisition strengthened CACI’s position in space-based sensing and geospatial intelligence, but it also introduced additional financing costs and influenced the composition of the company’s reported growth.
Indeed, although quarterly revenue increased 8.2% on a reported basis, organic growth was only 2.1%.
Cash generation also warrants attention. CACI’s non-GAAP free cash flow declined 6.6% year over year to $133.5 million, reflecting weaker operating cash flow and higher working-capital requirements.
Consequently, the company’s stronger EBITDA margin is an encouraging operational development, but it should be considered alongside financing costs, acquisition effects, and cash generation.
Backlog and Contract Awards Support an Accelerating Revenue Outlook
Despite the relatively modest organic growth reported at the beginning of fiscal 2027, CACI’s contract and backlog indicators offer a more constructive outlook for the remainder of the year.
The company recorded approximately $4.8 billion in contract awards during the first quarter, generating a book-to-bill ratio of 2.0x. Approximately 61% of those awards represented new business to CACI.
This follows $10.2 billion in company-reported awards during fiscal 2026.
The strength in quarterly bookings is significant, although the company’s total backlog has grown much more slowly since fiscal 2024.
CACI finished September 2026 with approximately $34 billion in total backlog, an increase of just 0.3% from a year earlier.
Its funded backlog, however, grew 14.8% to $6.2 billion.
Funded backlog represents the portion of contracted work for which funding has been authorized, making its growth particularly relevant to the company’s near-term revenue visibility.
This contrast between relatively stable total backlog and stronger funded backlog is an important feature of CACI’s current outlook.
Management also increased its fiscal 2027 revenue and adjusted earnings guidance following the first-quarter results.
Table 2. CACI’s Updated Fiscal 2027 Guidance
| Metric | Previous guidance | Updated guidance |
|---|---|---|
| Revenue | $10.65–$10.85 billion | $10.70–$10.90 billion |
| Adjusted net income | $735–$755 million | $740–$760 million |
| Adjusted diluted EPS | $32.96–$33.86 | $33.18–$34.08 |
| Free cash flow | At least $900 million | At least $900 million |
Source: CACI International, fiscal Q1 2027 earnings release, October 21, 2026. Adjusted earnings and free cash flow are company-defined non-GAAP measures.
At the updated revenue range, CACI is targeting approximately 12%–14% reported sales growth in fiscal 2027.
Achieving that outcome after the first quarter’s 8.2% increase would require faster growth over the remaining three quarters.
The company’s elevated book-to-bill ratio and expanding funded backlog offer support for that expectation. Nevertheless, the conversion of contracted opportunities into revenue will depend on program execution, funding availability, and the timing of work performed.
Government contract awards and subcontracting activity provide useful additional evidence of CACI’s operating environment, but neither should be treated as a direct revenue forecast.
Conclusion
CACI’s fiscal 2027 has begun with stronger operating margins, substantial new contract awards, and double-digit growth in funded backlog.
The company’s defense business is particularly important. Defense customer revenue accounted for more than 93% of its first-quarter year-over-year sales increase, while the latest guidance anticipates an acceleration in overall reported revenue growth.
TenderAlpha Pro’s government contracting data adds another dimension to that picture, identifying substantial federal awards across defense systems, enterprise technology, and communications. Its subcontracting intelligence further reveals relationships with companies such as World Wide Technology, Carahsoft, and Lockheed Martin that participate in the delivery of government programs.
CACI’s own subcontractor activity completes the picture, illustrating how the company can lead some federal programs while contributing to others.
Together, these perspectives offer a more complete understanding of CACI’s business than its financial statements alone.
Explore CACI International’s government contract awards, federal subcontracting activity, and B2B relationships in TenderAlpha Pro. Request a demo to discover the intelligence behind the company’s operations.
Disclaimer: This article is provided for informational and research purposes only. It does not constitute investment advice, a recommendation to buy or sell securities, or a forecast of future stock performance. Financial and contractual information is subject to reporting limitations, changes in funding, and other uncertainties.