The earnings call highlighted strong revenue growth, significant contract wins, and increased guidance, suggesting a positive outlook. However, challenges such as cost pressures and delays in government approvals were noted but did not overshadow the positive developments.

Company Guidance

During the Kratos Defense & Security Solutions Second Quarter 2025 Earnings Call, the company reported a notable Q2 organic revenue growth of 15%, supported by record-level bid and proposal pipeline of $13 billion, and a backlog with a book-to-bill ratio of 1.2:1. The quarter's revenue reached $351.5 million, surpassing the forecasted range of $300-$310 million, with particularly strong performance in defense rocket support and C5ISR businesses, showing organic growth rates of 116.6% and 25.4%, respectively. Adjusted EBITDA was also above expectations at $28.3 million. Kratos raised its full-year revenue guidance to $1.290-$1.310 billion and increased its adjusted EBITDA guidance to $114-$120 million, projecting an organic revenue growth rate of 11%-13% over 2024. Significant future growth is anticipated from new programs, including the Poseidon program, valued at approximately $750 million, and the Valkyrie drone, now identified as a program of record by the U.S. Marine Corps and partnering with Airbus for European markets. Kratos also emphasized its strategic positioning in hypersonics and jet engines, expecting these to be major growth drivers in the coming years.

Record Revenue and Growth

Kratos reported Q2 revenues of $351.5 million, exceeding the estimated range of $300 million to $310 million, with notable growth in defense rocket support (116.6%) and C5ISR businesses (25.4%).

New Contract Wins

Kratos secured a large new program, Poseidon, with a potential value of $750 million, expected to ramp in 2027. Additionally, the company was down-selected for another program, DMOS, with a contract expected shortly.

Strong Backlog and Pipeline

Kratos reported a record bid and proposal pipeline of $13 billion and a book-to-bill ratio of 1.2:1.

Increased Guidance

Full-year 2025 revenue guidance increased to $1.290 billion to $1.310 billion, with an adjusted EBITDA guidance increase to $114 million to $120 million.

Significant Opportunities in Tactical Drones

Kratos' Valkyrie drone has been recognized as a program of record by the U.S. Marine Corps and has partnerships with Airbus for European missions.

Strategic Investments

Kratos is investing in expanding manufacturing and production facilities, with plans to build out new facilities for upcoming programs like Poseidon.

Debt Paydown

Kratos paid off its entire term loan balance of approximately $180 million, minimizing interest expense in the second half of 2025.

Kratos Defense (KTOS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KTOS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.12 / -	0.11	―	―	―
Aug 07, 2025	2025 (Q2)	0.10 / 0.11	0.14	-21.43% (-0.03)	―
May 07, 2025	2025 (Q1)	0.09 / 0.12	0.11	9.09% (<+0.01)	―
Feb 26, 2025	2024 (Q4)	0.10 / 0.13	0.12	8.33% (+0.01)	―
Nov 07, 2024	2024 (Q3)	0.08 / 0.11	0.12	-8.33% (>-0.01)	―
Aug 07, 2024	2024 (Q2)	0.09 / 0.14	0.09	55.56% (+0.05)	―
May 07, 2024	2024 (Q1)	0.05 / 0.11	0.06	83.33% (+0.05)	―
Feb 13, 2024	2023 (Q4)	0.09 / 0.12	0.08	50.00% (+0.04)	―
Nov 02, 2023	2023 (Q3)	0.09 / 0.12	0.08	50.00% (+0.04)	―
Aug 03, 2023	2023 (Q2)	0.06 / 0.09	0.07	28.57% (+0.02)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KTOS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$59.08	$63.88	+8.12%
May 07, 2025	$36.06	$34.22	-5.10%
Feb 26, 2025	$24.96	$26.27	+5.25%
Nov 07, 2024	$23.82	$25.97	+9.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Kratos Defense (KTOS) report earnings?

Kratos Defense (KTOS) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Kratos Defense (KTOS) earnings time?

Kratos Defense (KTOS) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is KTOS EPS forecast?

KTOS EPS forecast for the fiscal quarter 2025 (Q3) is 0.12.

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