[REVISION HISTORY]

Kratos Defense & Security Solutions financial activity

Updated 4 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-17 12:02 UTC → 2026-09-26 16:13 UTC · added ~~removed~~

Kratos Defense & Security Solutions reported second-quarter financial results that exceeded market expectations, with revenue reaching $458 million—a 30.5% increase year-over-year. Adjusted earnings per share of $0.21 surpassed the anticipated $0.13. Following these results, the company raised its full-year organic revenue growth guidance to a range of 19% to 23%. Kratos provided specific long-term growth projections, including a target for its hypersonic business to reach at least $700 million by 2027. The company also outlined production plans for its Valkyrie unmanned combat aircraft and its TDI Spartan turbojet engines, aiming for significant capacity increases through 2027 and 2028. In the equity markets, Guggenheim upgraded Kratos to a “strong-buy” rating. This follows previous positive sentiment from institutions such as JPMorgan Chase & Co. and Piper Sandler, although some analysts have adjusted price targets in response to the heavy capital expenditures required for production expansion. Building on this momentum, the company recently raised its 2026 revenue forecast to a range between $1.75 billion and $1.81 billion, supported by a $2.084 billion backlog and a $15 billion pipeline. Despite growth in unmanned systems, hypersonics, and engines, the stock has experienced volatility, with intraday fluctuations including a 3% decline and a 1.9% rise. Analyst sentiment remains mixed; while Jefferies and Piper Sandler maintain positive outlooks, others have adjusted price targets downward due to valuation concerns regarding a high price-to-earnings ratio. Additionally, recent insider activity was noted following a pre-arranged sale of shares by CFO Deanna Lund.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.