Kratos Raises 2026 Revenue Guidance After Q3 Sales Climb 35.7%

Kratos Defense & Security Solutions, Inc. (KTOS) raised the lower end of its 2026 revenue guidance after third-quarter revenue grew 35.7% year over year to $471.8 million.

The quarter ended Sept. 27. Revenue was $347.6 million in the same quarter of 2025. Organic revenue growth was 23.2%.

Adjusted earnings per share were $0.24, up from $0.14 a year earlier. Kratos recorded a GAAP net loss of $0.2 million, GAAP earnings per share of $0.00 and an operating loss of $4.9 million.

Bookings totaled $1.037 billion, and the consolidated book-to-bill ratio was 2.2 to 1.0. The ratio compares orders received with revenue recognized.

The company set full-year 2026 revenue guidance at $1.78 billion to $1.81 billion, compared with its prior range of $1.75 billion to $1.81 billion. Fourth-quarter revenue is forecast at $480 million to $510 million. Kratos also issued an initial 2027 revenue forecast of $2.1 billion to $2.2 billion.