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Kratos reported Q3 revenue of $471.8 million, 23.2% organic growth and $50.9 million adjusted EBITDA. Initial 2027 guidance calls for $2.1 to $2.2 billion revenue and $230 to $240 million adjusted EBITDA.
Kratos Defense & Security Solutions revenue increased $124.2 million to $471.8 million for the three months ended September 27, 2026. Total backlog reached $2.650 billion, of which $2.067 billion was funded.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. Kratos reported Q2 revenue of $458.8M with 19.1% organic growth and raised full-year 2026 organic revenue growth guidance to 18%–23%, though Q2 GAAP results showed a $1.6M operating loss, free cash flow use of $18.9M, and full-year free cash flow is now guided to a use of $85M–$105M as the company invests in capacity.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 76.9M | Six Months Ended June 28, 2026 | — |
| Adjusted EBITDA (Kratos Government Solutions) non-GAAP | 66.6M | six months ended June 28, 2026 | — |
| Adjusted EBITDA (Unmanned Systems) non-GAAP | 10.3M | six months ended June 28, 2026 | — |
| Adjusted income per diluted common share non-GAAP | $0.4 | Six Months Ended June 28, 2026 | — |
| Bid and proposal pipeline | $15B | June 28, 2026 | — |
| Capital expenditures | $17.2M | second quarter 2026 | — |
| Cash Flow Used in Operations | $11M | second quarter 2026 | — |
| Consolidated backlog | $2.08B | June 28, 2026 | — |
| Consolidated book to bill ratio | 1.1 | second quarter 2026 | — |
| Consolidated bookings | $492.2M | second quarter 2026 | — |
| Consolidated bookings (last twelve months) | $1.99B | last twelve months ended June 28, 2026 | — |
| Free Cash Flow Used in Operations | $18.9M | second quarter 2026 | — |
| Funded backlog | $1.57B | June 28, 2026 | — |
| KGS organic revenue growth | 22% | second quarter 2026 | — |
| KGS total backlog | $1.71B | June 28, 2026 | — |
| Kratos Government Solutions capital expenditures | 12.9M | the three months ended June 28, 2026 filing | — |
| Kratos Government Solutions depreciation and amortization | 18.2M | the three months ended June 28, 2026 filing | — |
| KUS organic revenue growth | 8.1% | second quarter 2026 | — |
| KUS total backlog | $374.6M | June 28, 2026 | — |
| Margins in the KGS segment | 22.9% | the three months ended June 28, 2026 filing | — |
| Margins in the US segment | 16.7% | the three months ended June 28, 2026 filing | — |
| Margins on products | 21.4% | the three months ended June 28, 2026 filing | — |
| Margins on services | 22.5% | the three months ended June 28, 2026 filing | — |
| Non-GAAP Adjusted income before income taxes non-GAAP | $91.6M | Six Months Ended June 28, 2026 | — |
| Non-GAAP Adjusted net income non-GAAP | $74.1M | Six Months Ended June 28, 2026 | — |
| Organic revenue growth | 19.1% | second quarter 2026 | — |
| product sales as a percentage of total consolidated revenues | 63% | the three months ended June 28, 2026 filing | — |
| Total depreciation and amortization | 22.1M | the three months ended June 28, 2026 filing | — |
| Total reportable segment capital expenditures | 17.1M | the three months ended June 28, 2026 filing | — |
| U.S. Government sales as a percent of total Kratos revenue | 69% | the three months ended June 28, 2026 filing | — |
| Unfunded backlog | $512.7M | June 28, 2026 | — |
| Unmanned Systems capital expenditures | 4.2M | the three months ended June 28, 2026 filing | — |
| Unmanned Systems depreciation and amortization | 3.9M | the three months ended June 28, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
KTOS
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Kratos Defense & Security Solutions, Inc.
|
$6.38B | -55.3% | +12.4% | 282.6 | 5.7% |
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EADSF
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Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
Kratos Defense & Security Solutions revenue increased $124.2 million to $471.8 million for the three months ended September 27, 2026. Total backlog reached $2.650 billion, of which $2.067 billion was funded.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| KTOS | -3.4% | -16.1% | -40.3% | -17.5% | -55.3% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -6.0% | -15.0% | -40.8% | -17.3% | -66.0% |
