Karman reports record Q1 revenue of $151 million and raises full-year guidance amid $1 billion backlog.
Karman Space & Defense raised its fiscal 2026 revenue forecast to $720 million-$735 million, citing multi-year contingent demand commitments. The update follows a record Q1 with $151 million in revenue and $45 million in adjusted EBITDA.
The company’s backlog reached an all-time high of over $1 billion, reflecting long-term contracts spanning 4-7 years. Prior guidance was not disclosed, but the upward revision signals confidence in sustained demand.
Management attributed the performance to strong execution and expanding defense sector opportunities.