Karman Holdings reported record third quarter 2026 revenue of $201.6 million, surpassing analyst expectations on the strength of 25% organic growth. While earnings per share of $0.16 were in line with targets, the company significantly raised its full-year guidance and reported a bookings surge that drove its total backlog to more than double since the start of the fiscal year.
Key Highlights
- Total backlog reached a record $1.7 billion at quarter-end, representing a 108% increase compared to fiscal year-end 2025.
- Revenue grew 66% year-over-year, driven by robust demand in the Tactical Missiles segment and the recent acquisition of Walker Precision.
- Quarterly bookings totaled nearly $465 million, highlighted by a new seven-year contract with Lockheed Martin supporting the THAAD program.
- The company raised its full-year 2026 revenue outlook to between $755 million and $760 million, citing significant visibility into its program pipelines.