Kratos Reports Q3 Revenue Up 35.7%, Sets Q4 Revenue Guidance
Kratos reported third-quarter 2026 revenue of $471.8 million, up 35.7% year over year, and adjusted EPS of $0.24 versus $0.21 consensus. Its book-to-bill ratio was 2.2 to 1.0, backlog reached a record $2.6 billion, and it forecast Q4 revenue of $480 million to $510 million.
Kratos Defense & Security Solutions, Inc. reported third quarter 2026 revenue of $471.8 million, representing a 35.7% year-over-year increase. The company achieved an adjusted EPS of $0.24, which surpassed analyst consensus estimates of $0.21. Additionally, Kratos reported a consolidated book-to-bill ratio of 2.2 to 1.0, a record backlog of $2.6 billion, and an opportunity pipeline of $15.5 billion.
Management highlighted the company's alignment with Department of Defense priorities and growth in its hypersonic and space businesses. The company also provided forward-looking guidance, including an expected Q4 2026 revenue range of $480 million to $510 million.