Business Wire·Aug 6, 2026, 4:10 PM ET

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

KRMN

Karman Space & Defense reported second quarter fiscal year 2026 revenue of $182.1 million, representing a 24.4% year-over-year organic growth rate & a 58.2% total growth rate.
The company recorded record quarterly net income of $14.0 million, a 106.1% increase year-over-year, with earnings per fully diluted share of $0.11 compared to $0.05 in the prior-year quarter.
Quarterly non-GAAP adjusted EBITDA reached a record $54.6 million, up 54.7% year-over-year, resulting in non-GAAP adjusted earnings per fully diluted share of $0.14.
Total backlog grew to a record $1.3 billion at the end of the quarter, a 65% increase compared to the end of fiscal year 2025.
The company secured nearly $500 million in quarterly bookings across all end markets, including a large multi-year contract with a space & launch customer.
Karman signed an agreement to acquire Walker Precision Engineering for approximately $94 million to expand its presence in the European defense market.
The company completed a debt repricing expected to reduce annual interest expense by approximately $4 million.
Karman raised its full-year 2026 outlook to revenue between $730 million & $745 million, & adjusted EBITDA between $215 million & $222.5 million.
Revenue growth was driven by all end markets, with significant increases in Tactical Missiles & Integrated Defense Systems (up 55.4%) & Hypersonics & Strategic Missile Defense (up 24.2%).
The company is actively negotiating three additional long-term defense agreements with a combined potential value exceeding $1 billion.