Karman Holdings Reports Strong Q3 2026 Results Driven by Defense Demand
Karman Holdings (KRMN) delivered robust third-quarter 2026 financial results, reporting revenue of $202 million, a 66% increase year-over-year. This growth was primarily fueled by significant volume increases in defense end markets, particularly within tactical missiles and hypersonic systems. The company's net income surged 174% to $21 million, while adjusted EBITDA reached $61 million with a healthy 30% margin. The company's backlog has more than doubled since the end of 2025, reaching $1.7 billion, supported by a new seven-year, $218 million agreement with Lockheed Martin for the THAAD program. While space and launch revenue saw a slight decline due to shifting customer schedules, management raised full-year guidance for both revenue and adjusted EBITDA based on record year-to-date performance.
Topics: Backlog Defense Contracts EBITDA Guidance Revenue Growth