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Kratos Defense & Security Solutions KTOS Q1 2026 earnings

Reported May 6, 2026 · After market close

Revenue$371.0MBeat by $26.0M
EPS$0.16Beat by $0.03
Revenue estimate$345.0M
EPS estimate$0.13

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$410.4M
EPS estimate$0.13

Financials

Q1 2026

Income statement

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Revenue$371.0M+22.6%
Gross profit$89.6M+21.7%
Operating income$4.7M-28.8%
Net income$11.9M+164%
EPS (diluted)$0.07+133%

Balance sheet

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Cash & equivalents$1.5B+455%
Total debt$190.2M-33.3%
Total equity$3.4B+146%
Total assets$4.0B+102%

Cash flow

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Operating cash flow-$27.4M+6.2%
CapEx$19.9M-11.9%
Free cash flow-$47.3M+8.7%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$9.27B-7.2%
Enterprise value$8B-15.7%
P/E315.4×-374×
P/S6.6×-1.7×

Profitability

See full
Gross margin22.9%-2.1pp
Operating margin1.7%-0.8pp
Net margin2.1%+0.4pp
FCF margin-9.4%—

Returns & leverage

See full
Return on equity1.2%-0.2pp
Debt / equity0.1×-0.1×
Current ratio5.6×+2.8×

Segments

By geography

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Middle East$28.2M+79.6%
Europe$17.7M+19.6%
Other$16.0M+40.4%
Asia Pacific$13.4M-15.2%
Other North America$9.0M+52.5%

By segment

See full
US$82.6M+30.9%

By product

See full
Service revenues$134.0M+30.9%

Versus estimates

Revenue

Q1 2026$371.0MBeat by $26.0M
Q4 2025$345.1MBeat by $17.9MQ3 2025$347.6MBeat by $25.6MQ2 2025$351.5MBeat by $45.0MQ1 2025$302.6MBeat by $10.3MQ4 2024$283.1MMiss by $5.2M

Diluted EPS

Q1 2026$0.16Beat by $0.03
Q4 2025$0.18Beat by $0.02Q3 2025$0.14Beat by $0.02Q2 2025$0.11Beat by $0.02Q1 2025$0.12Beat by $0.03Q4 2024$0.13Beat by $0.04

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Questions, answered.

When did Kratos Defense & Security Solutions report Q1 2026 earnings?
Kratos Defense & Security Solutions (KTOS) reported Q1 2026 earnings on May 6, 2026 after market close.
What were Kratos Defense & Security Solutions's Q1 2026 revenue and EPS?
Kratos Defense & Security Solutions reported revenue of $371.0M and eps of $0.16 for Q1 2026.
Did Kratos Defense & Security Solutions beat estimates in Q1 2026?
Revenue beat the consensus estimate of $345.0M by $26.0M. EPS beat the consensus estimate of $0.13 by $0.03.
How did Kratos Defense & Security Solutions's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 22.6% from $302.6M a year earlier and eps grew 33.3% from $0.12.
Where can I find Kratos Defense & Security Solutions's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001069258-26-000051) and the 10-Q periodic report (0001069258-26-000053) directly on SEC EDGAR. The filing index links above go to sec.gov.