Outlook
- Karman raises 2026 revenue outlook to $730 mln-$745 mln
- Company now sees 2026 adjusted EBITDA of $215 mln-$222.5 mln
- Company says record $1.3 bln backlog provides strong visibility for 2026
Overview
- US space and defense systems maker's fiscal Q2 revenue rose 58% yr/yr, beating analyst expectations
- Adjusted EPS for fiscal Q2 rose to $0.14 from $0.10 a year ago
- Company agreed to acquire Walker Precision Engineering for about $94 mln, expanding into European defense market
Result drivers
- Defense Program Production - Growth in hypersonics and strategic missile defense revenue was driven by increased production in key interceptor programs and a new surface-to-surface missile system
- Tactical Missiles & Integrated Defense - Revenue growth was led by strength in core production programs, including unmanned aircraft systems and counter-UAS, and new programs moving to production
- Space & Launch Content - Revenue in space and launch rose due to content supporting both legacy and emerging launch providers, partly offset by shifting customer launch schedules
Key details and analyst coverage
KRMN•
