Let’s dig into the relative performance of SAIC (NASDAQ: SAIC) and its peers as we unravel the now-completed Q2 government & technical consulting earnings season.

The sector has historically benefitted from steady government spending on defense, infrastructure, and regulatory compliance, providing firms long-term contract stability. However, the Trump administration is showing more willingness than previous administrations to upend government spending and bloat. Whether or not defense budgets get cut, the rising demand for cybersecurity, AI-driven defense solutions, and sustainability consulting should benefit the sector for years, as agencies and enterprises seek expertise in navigating complex technology and regulations. Additionally, industrial automation and digital engineering are driving efficiency gains in infrastructure and technical consulting projects, which could help profit margins.

The 7 government & technical consulting stocks we track reported a mixed Q2. As a group, revenues were in line with analysts’ consensus estimates.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.2% since the latest earnings results.

Best Q2: SAIC (NASDAQ: SAIC)

With over five decades of experience supporting national security missions, Science Applications International Corporation (NASDAQ: SAIC) provides technical, engineering, and enterprise IT services primarily to U.S. government agencies and military branches.

SAIC reported revenues of $1.88 billion, up 6.3% year on year. This print exceeded analysts’ expectations by 7.1%. Overall, it was an exceptional quarter for the company with a beat of analysts’ EPS estimates and a solid beat of analysts’ full-year EPS guidance estimates.

SAIC pulled off the biggest analyst estimate beat in the group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 1.2% since reporting and currently trades at $124.44.

Is now the time to buy SAIC? Access our full analysis of the earnings results here, it’s free.

Booz Allen Hamilton (NYSE: BAH)

With roots dating back to 1914 and deep ties to nearly all U.S. cabinet-level departments, Booz Allen Hamilton (NYSE: BAH) provides management consulting, technology services, and cybersecurity solutions primarily to U.S. government agencies and military branches.

Booz Allen Hamilton reported revenues of $2.8 billion, down 4.2% year on year, falling short of analysts’ expectations by 0.5%. However, the business still had a very strong quarter with a beat of analysts’ EPS estimates.

The market seems happy with the results as the stock is up 9.4% since reporting. It currently trades at $72.06.

Is now the time to buy Booz Allen Hamilton? Access our full analysis of the earnings results here, it’s free.

Weakest Q2: Amentum (NYSE: AMTM)

With operations spanning approximately 80 countries and a workforce of specialized engineers and technical experts, Amentum Holdings (NYSE: AMTM) provides advanced engineering and technology solutions to U.S. government agencies, allied governments, and commercial enterprises across defense, energy, and space sectors.

Amentum reported revenues of $3.49 billion, down 2% year on year, falling short of analysts’ expectations by 2.2%. It was a disappointing quarter as it posted a significant miss of analysts’ EPS estimates.

As expected, the stock is down 17.3% since the results and currently trades at $20.21.

Read our full analysis of Amentum’s results here.

ICF International (NASDAQ: ICFI)

Operating at the intersection of policy, technology, and implementation for over five decades, ICF International (NASDAQ: ICFI) provides professional consulting services and technology solutions to government agencies and commercial clients across energy, health, environment, and security sectors.

ICF International reported revenues of $474.5 million, flat year on year. This number came in 0.7% below analysts’ expectations. More broadly, it was actually a strong quarter as it recorded a beat of analysts’ EPS estimates and a narrow beat of analysts’ full-year EPS guidance estimates.

ICF International pulled off the highest full-year guidance raise among its peers. The stock is up 2.2% since reporting and currently trades at $87.21.

Read our full, actionable report on ICF International here, it’s free.

Jacobs Solutions (NYSE: J)

With a workforce of approximately 45,000 professionals tackling complex challenges from water scarcity to cybersecurity, Jacobs Solutions (NYSE: J) provides engineering, consulting, and technical services focused on infrastructure, sustainability, and advanced technology solutions.

Jacobs Solutions reported revenues of $2.42 billion, up 8.3% year on year. This result beat analysts’ expectations by 0.5%. Taking a step back, it was a mixed quarter as its performance in some other areas of the business was disappointing.

Jacobs Solutions achieved the fastest revenue growth of the whole group. The stock is flat since reporting and currently trades at $143.71.

Read our full, actionable report on Jacobs Solutions here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.