Karman Holdings Raises 2026 Guidance After 51% Q1 Revenue Surge
Karman Holdings reported Q1 2026 revenue of US$151.2m, up 51% year-over-year, and adjusted EBITDA of US$44.8m (29.6% margin) alongside a backlog of US$1.0bn, up 61%. Management raised full-year 2026 guidance to US$720–735m in revenue and US$208.5–219.5m in adjusted EBITDA.
1. Q1 Financial Results
Karman Holdings delivered Q1 2026 revenue of US$151.2 million, marking a 51.0% year-over-year increase, and achieved record adjusted EBITDA of US$44.8 million, representing a 29.6% margin.
2. Segment Performance and Backlog
The Space and Launch segment led growth with US$43.9 million in revenue, while the company introduced a new Maritime Defense Systems end market and expanded its order backlog to US$1.0 billion, up 61% year-over-year.
3. Updated Full-Year Guidance
Following strong first-quarter results, management raised its full-year 2026 revenue guidance to US$720–735 million and adjusted EBITDA guidance to US$208.5–219.5 million.