--- title: "Karman | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 182.06 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295147881.md" datetime: "2026-08-06T21:31:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295147881.md) - [en](https://longbridge.com/en/news/295147881.md) - [zh-HK](https://longbridge.com/zh-HK/news/295147881.md) --- # Karman | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 182.06 M Revenue: As of FY2026 Q2, the actual value is USD 182.06 M, beating the estimate of USD 180.06 M. EPS: As of FY2026 Q2, the actual value is USD 0.11, beating the estimate of USD 0.1083. EBIT: As of FY2026 Q2, the actual value is USD 34.55 M. ### Second Quarter Fiscal Year 2026 Highlights Karman Holdings Inc. reported record quarterly revenue of $182.1 million, driven by 24.4% year-over-year organic growth and 58.2% total growth, with net income reaching a record $14.0 million, a 106.1% increase year-over-year. Non-GAAP adjusted EBITDA also reached a record $54.6 million, representing a 54.7% year-over-year increase. The company’s backlog stood at a record $1.3 billion at the end of the second quarter of 2026, up 65% compared to the end of fiscal year 2025, with quarterly bookings totaling nearly $500 million across all end markets. ### Revenue by Segment #### Three Months Ended June 30, 2026 vs. 2025 - **Hypersonics and Strategic Missile Defense**: Revenue was $43,417 thousand in 2026, up 24.2% from $34,960 thousand in 2025. - **Space and Launch**: Revenue was $42,072 thousand in 2026, up 6.3% from $39,597 thousand in 2025. - **Tactical Missiles and Integrated Defense Systems**: Revenue was $63,012 thousand in 2026, up 55.4% from $40,540 thousand in 2025. - **Maritime Defense Systems**: Revenue was $33,562 thousand in 2026. - **Total Revenue**: Total revenue increased by 58.2% to $182,063 thousand in 2026 from $115,097 thousand in 2025. #### Six Months Ended June 30, 2026 vs. 2025 - **Hypersonics and Strategic Missile Defense**: Revenue was $79,105 thousand in 2026, up 21.7% from $65,016 thousand in 2025. - **Space and Launch**: Revenue was $85,926 thousand in 2026, up 17.0% from $73,468 thousand in 2025. - **Tactical Missiles and Integrated Defense Systems**: Revenue was $108,272 thousand in 2026, up 41.1% from $76,737 thousand in 2025. - **Maritime Defense Systems**: Revenue was $59,970 thousand in 2026. - **Total Revenue**: Total revenue increased by 54.9% to $333,273 thousand in 2026 from $215,221 thousand in 2025. ### Operational Metrics #### Three Months Ended June 30, 2026 vs. 2025 - **Cost of goods sold**: $103,829 thousand in 2026 compared to $68,076 thousand in 2025. - **Gross profit**: $78,234 thousand in 2026 compared to $47,021 thousand in 2025. - **Operating expenses**: $43,405 thousand in 2026 compared to $26,917 thousand in 2025. - **Net operating income**: $34,829 thousand in 2026 compared to $20,104 thousand in 2025. - **Interest expense, net**: - $15,284 thousand in 2026 compared to - $11,893 thousand in 2025. - **Other income (expense)**: - $280 thousand in 2026 compared to $380 thousand in 2025. - **Provision for income taxes**: - $5,233 thousand in 2026 compared to - $1,784 thousand in 2025. - **Net income**: $14,032 thousand in 2026 compared to $6,807 thousand in 2025. - **Net income margin**: 7.7% in 2026 compared to 5.9% in 2025. - **Adjusted EBITDA**: $54,580 thousand in 2026 compared to $35,281 thousand in 2025. - **Adjusted EBITDA margin**: 30.0% in 2026 compared to 30.7% in 2025. #### Six Months Ended June 30, 2026 vs. 2025 - **Cost of goods sold**: $191,174 thousand in 2026 compared to $128,749 thousand in 2025. - **Gross profit**: $142,099 thousand in 2026 compared to $86,472 thousand in 2025. - **Operating expenses**: $85,818 thousand in 2026 compared to $56,405 thousand in 2025. - **Net operating income**: $56,281 thousand in 2026 compared to $30,067 thousand in 2025. - **Interest expense, net**: - $27,930 thousand in 2026 compared to - $23,266 thousand in 2025. - **Other income (expense)**: - $454 thousand in 2026 compared to $300 thousand in 2025. - **Provision for income taxes**: - $6,071 thousand in 2026 compared to - $5,092 thousand in 2025. - **Net income**: $21,826 thousand in 2026 compared to $2,009 thousand in 2025. - **Net income margin**: 6.5% in 2026 compared to 0.9% in 2025. - **Adjusted EBITDA**: $99,366 thousand in 2026 compared to $65,600 thousand in 2025. - **Adjusted EBITDA margin**: 29.8% in 2026 compared to 30.5% in 2025. ### Other Key Metrics - **Total Assets**: $1,443,977 thousand as of June 30, 2026, compared to $1,104,096 thousand as of December 31, 2025. - **Total Liabilities**: $1,022,880 thousand as of June 30, 2026, compared to $721,405 thousand as of December 31, 2025. - **Stockholders’ Equity**: $421,097 thousand as of June 30, 2026, compared to $382,691 thousand as of December 31, 2025. ### Outlook / Guidance Karman Holdings Inc. has raised its expectations for the full fiscal year 2026. The company now anticipates total revenue to be between $730 million and $745 million. Non-GAAP Adjusted EBITDA is projected to be between $215.0 million and $222.5 million, excluding the impact of any future acquisitions. ### Related Stocks - [KRMN.US](https://longbridge.com/en/quote/KRMN.US.md) ## Related News & Research - [Karman Holdings (KRMN) Could Be 42% Below Fair Value Following Earnings And Guidance](https://longbridge.com/en/news/296222924.md) - [Algorhythm Holdings Reports Second Quarter 2026 Financial Results](https://longbridge.com/en/news/296124832.md) - [Flexsteel Q4 2026 Earnings Preview](https://longbridge.com/en/news/296031749.md) - [Apple declares Q3 2026 distribution of R$ 0.05 per unit, payable Aug. 19](https://longbridge.com/en/news/296137926.md) - [Orizon approves 2Q 2026 interim financial statements in board meeting](https://longbridge.com/en/news/295875106.md)