Kratos Defense (KTOS)
NASDAQ:KTOS
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.16Last Year’s EPS
0.11Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and multiple high‑value contract wins (record backlog, expanded $14B pipeline, revenue and EBITDA beats, significant hypersonics and satellite awards) and a clear path to margin expansion. These positives were tempered by near‑term cash outflows, working capital pressures (DSO up to 130 days), supply‑chain and hiring constraints, and an expected sequential Q2 step‑down in margins and revenue mix. On balance, management presented substantial growth opportunities and articulated financial targets and investments to capture them, while noting execution and timing risks tied to government funding and talent/supply availability.Company Guidance
Revenue Beat and Organic Growth
Q1 2026 revenue of $371.0M beat the prior guidance range of $335M–$345M; excluding the Orbit acquisition revenue was $357.7M. Consolidated organic revenue growth was 15.8% year-over-year.
Strong Segment Growth
Notable organic growth by segment in Q1: Defense & Rocket Support +45.8% YoY, Unmanned Systems +30.9% YoY, Turbine Technologies +20.3% YoY, Microwave Products +12.3% YoY.
Backlog, Book-to-Bill and Opportunity Pipeline
Record backlog of $2.0B and company-wide book-to-bill of 1.6:1 in Q1 (satellite business 3:1). Opportunity pipeline expanded to approximately $14B after Q1 bookings.
Adjusted EBITDA Outperformance
Adjusted EBITDA for Q1 was $38.7M, above the prior guidance range of $25M–$30M, driven by favorable product mix and strong execution across Microwave Electronics, Turbine Technologies and Unmanned Systems.
Strategic Contract Wins and Product Momentum in Space & Hypersonics
Won a $447M U.S. Space Force prime contract (Resilient Missile Warning & Tracking program) contributing to strong KGS results. Hypersonic business guidance: $400M expected in 2026 and $700M expected in 2027; additional verbal $1B+ hypersonic program expansion reported. OpenSpace C2/ground software highlighted as a differentiator.
Unmanned Systems Execution and Valkyrie Ramp Plan
Unmanned Systems Q1 revenue increased by $19.5M (30.9% organic), driven primarily by Valkyrie activity; company planning to ramp Valkyrie annual production to ~40 units by early 2028.
Updated Guidance and Margin Improvement Targets
Updated Q2 revenue guidance of $400M–$410M (organic growth ~4%–7% vs. Q2 2025) and full-year 2026 revenue guidance of $1.70B–$1.76B (organic growth 15%–19%). Management expects ~100 basis points year-over-year EBITDA margin improvement for 2026 over 2025 and another 100 bps for 2027 over 2026.
KTOS Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $61.52 | ― | ― |
Feb 23, 2026 | $94.31 | $90.68 | -3.85% |
Nov 04, 2025 | $90.22 | $77.41 | -14.20% |
Aug 07, 2025 | $59.08 | $63.88 | +8.12% |
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 Aug 12, 2026, After Close (Confirmed).
What is Kratos Defense (KTOS) earnings time?
Kratos Defense (KTOS) earnings time is at Aug 12, 2026, 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 2026 (Q2) is 0.16.