Kratos Reports First Quarter 2026 Financial Results and Increases Fiscal FY26 Financial Guidance

About this update from Kratos Defense & Security Solutions, Inc.

First Quarter 2026 Revenues of $371.0 Million Reflect 22.6 Percent Growth and 15.8 Percent Organic Growth Over First Quarter 2025 Revenues of $302.6 Million Unmanned Systems First Quarter 2026 Revenues of $82.6 Million Reflect 30.9 Percent Organic Growth Over First Quarter 2025 Revenues of $63.1 Million Kratos Government Solutions First Quarter 2026 Revenues of $288.4 Million Reflect 11.8 Percent Organic Growth Over First Quarter 2025 Revenues of $239.5 Million First Quarter 2026 Consolidated Book to Bill Ratio of 1.6 to 1 and Bookings of $605.2 Million Last Twelve Months Ended March 29, 2026, Consolidated Book to Bill Ratio of 1.2 to 1 and Bookings of $1.715 Billion Fiscal 2026 Revenue Forecast of $1.700 Billion to $1.760 Billion and Adjusted EBITDA Forecast of $170.0 Million to $176.0 Million, including Recently Closed Orbit Technologies, Ltd. Acquisition SAN DIEGO, May 06, 2026 (GLOBE NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leader in defense, national security and global markets, today reported its first quarter 2026 financial results, including Revenues of $371.0 million, Operating Income of $4.7 million, Net Income of $11.9 million, Adjusted EBITDA of $38.7 million and a consolidated book to bill ratio of 1.6 to 1.0. First quarter 2026 Net Income and Operating Income includes non-cash stock compensation expense of $15.0 million, and Company-funded Research and Development (R&D) expense of $10.7 million, including efforts in our Space, Satellite, Unmanned Systems and Microwave Electronic businesses. Kratos reported in the first quarter 2026 GAAP Net Income of $11.9 million and GAAP Net Income per share of $0.07, compared to GAAP Net Income of $4.5 million and GAAP Net Income per share of $0.03, for the first quarter of 2025. Adjusted earnings per share (EPS) were $0.16 for the first quarter of 2026, compared to $0.12 for the first quarter of 2025. First quarter 2026 Revenues of $371.0 million increased $68.4 million, reflecting 22.6 percent growth and 15.8 percent organic growth from first quarter 2025 Revenues of $302.6 million. Organic revenue growth was reported in our Unmanned Systems (KUS) segment of 30.9 percent and in our Government Solutions (KGS) segment of 11.8 percent. The most notable growth in our KGS Segment was in our Defense Rocket Systems, Turbine Technologies and Microwave Products businesses,...

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