Karman Space & Defense Reports Record Q2 2026 Growth

Huntington Beach, Calif. - Karman Space & Defense (NYSE: KRMN), a prominent developer of critical, next-generation systems for the U.S. Department of War and its allies, has announced its financial results for the second quarter of fiscal year 2026. The company reported significant growth, achieving record-breaking quarterly revenue and income.

The company continues to capitalize on the increasing global demand for space access and defense infrastructure. With a robust backlog and strong bookings, Karman is actively expanding its operational capacity and pursuing strategic growth, including a recently announced acquisition in the European market.

Financial Highlights

• Record quarterly revenue of $182.1 million, reflecting a 58.2% total growth year-over-year.
• Net income reached a record $14.0 million, up 106.1% compared to the prior-year period.
• Non-GAAP adjusted EBITDA rose to a record $54.6 million, a 54.7% increase year-over-year.
• Record backlog of $1.3 billion, an increase of 65% since the end of fiscal year 2025.
• Quarterly bookings neared $500 million, supported by a significant multi-year agreement with a major space and launch customer.

Strategic Developments and Outlook

• The company reached an agreement to acquire Walker Precision Engineering for approximately $94 million, aimed at expanding its presence within the European defense sector.
• Karman successfully completed a debt repricing, which is projected to lower annual interest expenses by about $4 million.
• Management has raised its full-year 2026 outlook, now anticipating total revenue between $730 million and $745 million, and non-GAAP adjusted EBITDA between $215.0 million and $222.5 million.