Kratos Defense Reports Strong Q3 2026 Results with Record Backlog and High Hypersonic Growth
Kratos Defense (KTOS) delivered robust third-quarter 2026 financial results, headlined by a 35.7% year-over-year revenue increase to $471.8 million. The company's performance was primarily driven by the Kratos Government Solutions segment and an extraordinary 149% organic growth in its rocket support and hypersonics business. Total bookings reached $1.037 billion, contributing to a record total backlog of $2.65 billion. Management provided optimistic long-term guidance, forecasting revenue between $2.1 billion and $2.2 billion for fiscal year 2027. This growth is supported by an expanding opportunity pipeline of $15.5 billion and significant scaling in propulsion systems, including plans to order components for 3,000 turbojet engines. Despite some headwinds regarding currency fluctuations affecting Israeli business margins, the company's overall trajectory remains strongly upward.
Tickers: $KTOS
Topics: Adjusted EBITDA Backlog Bookings Government Solutions Revenue Growth