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Q1 26 EPS
$0.16
Q1 26 Revenue
$371.0M
BEAT +7.45%
Est. $345.3M
vs S&P Since Q1 26
-4.4%
TRAILING MARKET
KTOS -1.3% vs S&P +3.1%
Market Reaction
Did KTOS Beat Earnings? Q1 2026 Results
Kratos Defense & Security Solutions delivered a strong first-quarter fiscal 2026 result, with adjusted EPS of $0.16 beating the $0.13 consensus estimate by 19.23% and revenue of $371.00 million clearing Wall Street's $345.28 million forecast by 7.45%… Read more Kratos Defense & Security Solutions delivered a strong first-quarter fiscal 2026 result, with adjusted EPS of $0.16 beating the $0.13 consensus estimate by 19.23% and revenue of $371.00 million clearing Wall Street's $345.28 million forecast by 7.45%, as total revenue climbed 22.6% year over year. The primary engine behind the outperformance was the company's Unmanned Systems segment, which posted 30.9% organic revenue growth fueled by Valkyrie-related activity, a business that has drawn growing investor attention alongside recent significant contract awards. Adjusted EBITDA expanded to $38.70 million at a 10.4% margin, up from $26.70 million and 8.8% a year ago, while consolidated bookings of $605.20 million produced a 1.6x book-to-bill ratio and pushed backlog to $2.01 billion. Management raised its full-year fiscal 2026 revenue guidance to $1.70 billion to $1.76 billion, with Adjusted EBITDA of $170.00 million to $176.00 million, projecting materially stronger second-half results as long-lead-time hardware deliveries and increased customer funding accelerate across defense programs.
Key Takeaways
- • Valkyrie-related activity driving KUS segment growth
- • Defense Rocket Systems organic revenue growth of 45.8%
- • Turbine Technologies organic revenue growth of 20.3%
- • Microwave Products organic revenue growth of 12.3%
- • Strong consolidated book-to-bill ratio of 1.6 to 1.0
- • Favorable revenue mix driving margin expansion
- • Acquisitions of Nomad and Orbit Technologies contributing to KGS revenue growth
KTOS YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
KTOS Revenue by Segment
With YoY comparisons, source: SEC Filings
“Kratos' balanced business model, including making internally funded investments in property, plant, equipment and facilities, and the rapid development and fielding of relevant products for the Department of War, while generating growth and profitability, is accelerating as reflected in our Q1 results and 1.6 to 1.0 book to bill ratio. There is a generational recapitalization of the U.S. defense industrial base underway and Kratos is committed to doing its part to ensure that the Department and our country are successful.”
— Eric DeMarco, Q1 2026 Earnings Press Release
KTOS Earnings Trends
KTOS vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
KTOS EPS Trend
Earnings per share: estimate vs actual
KTOS Revenue Trend
Quarterly revenue: estimate vs actual
KTOS Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | — | — | — | — |
| Q1 26 | — | $0.16 | — | $371.0M | +7.45% |
| Q4 25 BEAT FY | $0.13 | $0.18 | +34.63% | $345.1M | +2.15% |
| FY Full Year | — | $0.55 | — | $1.35B | — |
| Q3 25 BEAT | $0.12 | $0.14 | +12.36% | $347.6M | +7.88% |
| Q2 25 BEAT | $0.09 | $0.11 | +17.77% | $351.5M | +14.93% |
| Q1 25 | — | $0.12 | — | $302.6M | — |