Karman Holdings reported record results for the second quarter of 2026, with revenue exceeding analyst expectations behind 24.4% organic growth. The company successfully expanded its total backlog to $1.3 billion, an increase of 65% compared to the end of fiscal year 2025, which provided management the confidence to raise its full-year 2026 financial outlook.
Key Highlights
- Record quarterly revenue of $182.1 million represented a 58.2% year-over-year increase, led by the Tactical Missiles segment which grew 55.4%.
- Total backlog reached a record $1.3 billion, significantly improving visibility into the company's raised full-year 2026 revenue guidance of $730 million to $745 million.
- Quarterly bookings totaled nearly $500 million, including a multi-year contract with a major space and launch customer and over $1 billion in additional defense contracts currently under negotiation.
- Adjusted EBITDA climbed 54.7% to $54.6 million, while the company entered an agreement to acquire Walker Precision Engineering for approximately $94 million to expand its European presence.