Quarterly ResultMay 6, 2026, 04:02 PM
Kratos Q1 Revenue $371M, up 22.6%; Book-to-Bill 1.6:1
AI Summary
Kratos Defense & Security Solutions reported strong first quarter 2026 financial results, with revenues increasing 22.6% to $371.0 million and net income rising to $11.9 million. The company achieved a consolidated book-to-bill ratio of 1.6 to 1, driven by significant organic growth in both its Unmanned Systems and Government Solutions segments. Kratos also provided an increased fiscal 2026 revenue forecast of $1.700 billion to $1.760 billion and an Adjusted EBITDA forecast of $170.0 million to $176.0 million, including recent acquisitions, despite making substantial investments in R&D and production capacity.
Key Highlights
- Q1 2026 Revenues: $371.0 million, up 22.6% (15.8% organic) YoY.
- Q1 2026 Net Income: $11.9 million ($0.07 EPS), up from $4.5 million ($0.03 EPS) in Q1 2025.
- Q1 2026 Adjusted EBITDA: $38.7 million, up from $26.7 million in Q1 2025.
- Consolidated Book-to-Bill Ratio: 1.6 to 1 for Q1 2026, with $605.2 million in bookings.
- Unmanned Systems (KUS) Q1 Revenue: $82.6 million, reflecting 30.9% organic growth.
- Government Solutions (KGS) Q1 Revenue: $288.4 million, reflecting 11.8% organic growth.
- Fiscal 2026 Revenue Forecast: $1.700 billion to $1.760 billion.
- Fiscal 2026 Adjusted EBITDA Forecast: $170.0 million to $176.0 million.