Kratos Defense & Security Solutions — Third Quarter 2026 Earnings Summary

Kratos Defense & Security Solutions reported third-quarter 2026 revenues of $471.8 million, representing a 35.7 percent increase over the same period in 2025. The company achieved a consolidated book-to-bill ratio of 2.2 to 1 and reported bookings of $1.037 billion, while its Kratos Government Solutions segment saw revenues rise to $397.2 million. Although the company recorded a GAAP net loss of $0.2 million due to non-cash expenses, it generated an Adjusted EBITDA of $50.9 million. Kratos has revised its full-year 2026 financial guidance upward and provided an initial forecast for 2027, projecting revenues between $2.1 billion and $2.2 billion.