Business Wire·May 12, 2026, 4:10 PM ET

Karman Space & Defense Reports First Quarter Fiscal Year 2026 Financial Results

Karman Space & Defense reported record first-quarter fiscal 2026 revenue of $151.2 million, a 51.0% increase year over year.
The company generated record net income of $7.8 million, or $0.06 per fully diluted share, compared to a net loss of $4.8 million in the prior-year period.
Record non-GAAP adjusted EBITDA reached $44.8 million, representing a 47.7% year-over-year increase, with adjusted EPS of $0.11.
Total backlog achieved a record $1.0 billion at the end of the quarter, up 61% from the prior year.
Revenue growth was driven by Space & Launch (up 29.5%), Tactical Missiles (up 25.0%), Hypersonics (up 18.7%), & the newly launched Maritime Defense Systems segment.
The company acquired Seemann Composites & MSC in January 2026 to expand maritime defense capabilities.
Karman upsized its revolving credit facility from $50 million to $150 million in March 2026.
Full-year 2026 revenue outlook was raised to $720–$735 million, with adjusted EBITDA guidance increased to $208.5–$219.5 million.
CEO Jon Rambeau cited strong visibility into 2027 due to increased Department of War funding requests for programs including SM-3, PAC-3, THAAD, PrSM, & unmanned systems.
A conference call & live webcast regarding the results was scheduled for May 12, 2026, at 1:30 pm Pacific Time.