Added to YB: 2026-05-14
Pitch date: 2026-05-12
KTOS [neutral]
Kratos Defense & Security Solutions, Inc.
Author Info
No bio for this author
Company Info
Kratos Defense & Security Solutions, Inc., a technology company, provides technology, hardware, products, system, and software for the defense, national security, and commercial markets in the United States, other North America, the Asia Pacific, the Middle East, Europe, and Internationally.
Market Cap
$10.8B
Pitch Price
N/A
Price Target
120.00 (+109%)
Dividend
N/A
EV/EBITDA
97.14
P/E
334.04
EV/Sales
6.69
Sector
Aerospace and Defense
Category
growth
Kratos ($KTOS) 2026 Q1 Financial Report Analysis
KTOS (earnings): Q1 rev $371M (+22.6% YoY) beat $340M est; adj EPS $0.16 vs $0.13 est; adj EBITDA $38.7M vs $28.7M est. Book-to-bill 1.6x, $605M new orders, $2.01B backlog ($1.457B funded). Q2 EBITDA guide $30-$35M below est due to $12-14M R&D spend for classified tactical drone/space programs & LRIP margin pressure. FY26 EBITDA raised to $170-$176M. Core to Pentagon's 'Affordable Mass' strategy via XQ-58A Valkyrie loyal wingman, target drones, OpenSpace SaaS satellite comms. $14.3B bid pipeline; 10-15% win rate = $1.43-$2.14B contracts. At 62.5x EV/EBITDA, needs order conversion. Intrinsic value $80-$95 baseline, $35-$40 bear, $120+ bull.
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