Karman Q2 revenue beats estimates; lifts 2026 outlook

Karman Holdings

06/08/2026 21:23

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

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

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

Company press release: ID:nBwbKYtLja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$182.06 mln
$180.07 mln (10 Analysts)
Q2 EPS
 
$0.11
 
Q2 Net Income
 
$14.03 mln
 
Q2 Net Operating Income
 
$34.83 mln
 
Q2 Gross Profit
 
$78.23 mln
 
Q2 Pretax Profit
 
$19.27 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 $114.00, about 106.8% above its August 5 closing price of $55.12
The stock recently traded at 72 times the next 12-month earnings vs. a P/E of 89 three months ago

Reuters Recommended Reads
Aug 4 - Kratos Defense Q2 revenue jumps 30.5%, raises 2026 outlook 
Aug 5 - Curtiss-Wright Q2 EPS beats estimates as margins expand

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.)