8-KCurrent report
Results of operations
✓ VerifiedKratos reported Q2 2026 revenue of $458.8 million, up 30.5 percent, and raised full-year 2026 revenue guidance to $1.750 to $1.810 billion.
Filed Aug 4, 2026 · 16:18 ET
Summary
- Second quarter 2026 revenues were $458.8 million, reflecting 19.1 percent organic growth and 30.5 percent growth over second quarter 2025 revenues of $351.5 million.
- Kratos reported a GAAP operating loss of $1.6 million, GAAP net income of $4.4 million ($0.02 per share), Adjusted EBITDA of $38.2 million, and Adjusted EPS of $0.21.
- Unmanned Systems revenue was $79.1 million and Government Solutions revenue was $379.7 million, with KGS organic growth of 22.0 percent led by Defense Rocket Systems at 50.2 percent.
- Consolidated bookings were $492.2 million with a book to bill ratio of 1.1 to 1, and last twelve months bookings were $1.990 billion with a book to bill of 1.3 to 1.
- Kratos increased full year 2026 revenue guidance to $1.750 to $1.810 billion with forecasted organic growth of approximately 18 percent to 23 percent.
- Cash Flow Used in Operations was $11.0 million and Free Cash Flow Used in Operations was $18.9 million after $17.2 million of capital expenditures.
Key facts
- Q2 2026 revenue
- $458.8 million
From the filing for Q2 2026 revenue
“Second Quarter 2026 Revenues of $458.8 Million Reflect 19.1 Percent Organic Growth and 30.5 Percent Growth Over Second Quarter 2025 Revenues of $351.5 Million”
- Net income
- $4.4 million
From the filing for Net income
“GAAP Net Income of $4.4 million and GAAP Net Income per share of $0.02”
- Adjusted EBITDA
- $38.2 million
From the filing for Adjusted EBITDA
“Adjusted EBITDA of $38.2 million and a consolidated book to bill ratio of 1.1 to 1.0”
- Adjusted EPS
- $0.21
From the filing for Adjusted EPS
“Adjusted earnings per share (EPS) were $0.21 for the second quarter of 2026, compared to $0.11 for the second quarter of 2025”
- Operating loss
- $1.6 million
From the filing for Operating loss
“Operating Loss of $1.6 million”
- Consolidated bookings
- $492.2 million
From the filing for Consolidated bookings
“consolidated bookings of $492.2 million and a book-to-bill ratio of 1.1 to 1.0 for the second quarter of 2026”
- FY26 revenue guidance
- $1.750 to $1.810 Billion
From the filing for FY26 revenue guidance
“Increases Full Year 2026 Revenue Guidance to $1.750 to $1.810 Billion, With Forecasted Organic Revenue Growth of Approximately 18 Percent to 23 Percent”
- Bid and proposal pipeline
- $15.0 billion
From the filing for Bid and proposal pipeline
“Kratos' bid and proposal pipeline was $15.0 billion at June 28, 2026, as compared to $14.3 billion on March 29, 2026”
Why it mattersThe results disclose 19.1 percent organic revenue growth and raised full-year guidance across Kratos' space, satellite, rocket, and unmanned systems businesses. Guidance details production plans for 3,000 jet engines in 2027 and approximately 40 Valkyries annually by the beginning of 2028.
- Filed
- Aug 4, 2026
- Accepted
- 2026-08-04 20:18Z
- Period
- Aug 4, 2026
- Accession no.
- 0001069258-26-000075
- Size
- 665 KB
- Index
- Filing index