The earnings call highlighted Kratos' strong organic revenue growth, significant new program wins, and increased financial guidance, positioning the company well for future growth. However, challenges persist with cash flow and cost pressures in certain segments.

Company Guidance -

Q3 2025

During the Kratos Defense & Security Solutions second quarter 2025 earnings call, the company provided an optimistic outlook backed by strong metrics and strategic wins. The company reported a Q2 organic revenue growth rate of 15%, with bookings showing a last twelve months (LTM) book-to-bill ratio of 1.2:1 and a backlog alongside a record-level bid and proposal pipeline of $13 billion. Kratos highlighted its 2026 forecast base case organic revenue growth of 13% to 15% over 2025, now substantially covered by existing programs and contracts. The company also anticipates a margin or EBITDA rate increase of 100 to 150 basis points in 2026, with further increases expected in 2027 and beyond. Additionally, Kratos announced a significant win in a program named Poseidon, with an approximate total potential value of $750 million, expected to ramp up by mid-2027. The firm's tactical drone business continues to gain traction, with the Valkyrie poised to become a program of record for the U.S. Marine Corps. Kratos is also expanding its production capabilities, with plans to produce additional Valkyrie units and explore various market opportunities. The company sees robust growth potential in its hypersonic, jet engine, microwave, and SATCOM areas, supported by various government initiatives and international partnerships. Kratos reaffirmed its full-year 2025 revenue guidance, raising it to a range of $1.290 billion to $1.310 billion, reflecting organic growth of 11% to 13% over 2024, while adjusted EBITDA guidance was increased to a range of $114 million to $120 million.

Strong Organic Revenue Growth

Kratos reported a Q2 organic revenue growth rate of 15% with a record-level bid and proposal pipeline of $13 billion. The company has also increased its full-year 2025 revenue guidance, reflecting an organic growth rate of 11% to 13% over 2024.

New Program Wins

Kratos announced a major new program win, 'Poseidon,' expected to provide a significant revenue, profit, and cash flow engine with a potential contract value of $750 million. Additionally, Kratos was down-selected for another program, 'DMOS,' with contract awards expected soon.

Valkyrie Program Progress

The Valkyrie drone is becoming a program of record for the U.S. Marine Corps and has partnered with Airbus for a European mission-focused variant targeting the German Luftwaffe.

Increased Financial Guidance

Kratos increased its full-year 2025 adjusted EBITDA guidance from $112 million to $120 million, reflecting strong performance and growth expectations.

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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