Karman Holdings Q1 revenue slightly beats estimates

Karman Holdings

12/05/2026 21:22

Overview

U.S. space and defense systems maker's fiscal Q1 revenue rose 51% yr/yr, slightly beating analyst expectations

Adjusted EPS for fiscal Q1 more than doubled yr/yr, driven by growth across all end markets

Outlook

Karman raises 2026 revenue outlook to $720 mln-$735 mln

Company expects 2026 adjusted EBITDA of $208.5 mln-$219.5 mln

Result Drivers

SPACE AND LAUNCH ORDERS - Co said growth in Space and Launch revenue was mainly due to timing of orders for critical content supporting both legacy and emerging launch providers and spacecraft

DEFENSE TECHNOLOGY DEMAND - Co said growth in Tactical Missiles and Integrated Defense Systems was driven by demand for advanced drone and loitering munitions technologies and increased GMLRS production output

ACQUISITIONS - Co said growth in Maritime Defense Systems was primarily due to the Seemann and MSC acquisitions and related submarine and LCAC programs

Company press release: ID:nBw34Jg1ga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$151.2 mln
$150.15 mln (10 Analysts)
Q1 Net Income
$7.8 mln
Q1 EBIT
$21.5 mln
Q1 Gross Profit
$63.9 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Karman Holdings Inc is $125.00, about 112.5% above its May 11 closing price of $58.82

The stock recently traded at 77 times the next 12-month earnings vs. a P/E of 161 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)