Earnings Releases·Nov 5, 2026, 4:17 PM ET

Karman Space & Defense — Third Quarter Fiscal Year 2026 Earnings Summary

Reported record quarterly revenue of $202 million (up 66% YoY) and net income of $21 million (up 174% YoY), with adjusted EBITDA reaching $61 million (up 60% YoY).
Raised full-year fiscal 2026 guidance to $755–$760 million in revenue and $225–$227 million in adjusted EBITDA, citing strong demand and a record backlog of $1.7 billion (up 108% YoY).
Completed the acquisition of Walker Precision Holdings Limited to expand European presence and secured a significant seven-year contract with Lockheed Martin for the THAAD program.
Management targets a long-term organic revenue growth rate of 20% to 25% while actively negotiating additional long-term agreements and executing second-source opportunities.