Kratos Defense Security Solutions, Inc.
Shortcut
0.22Normalized diluted EPS
+9.7% vs Street
Street
0.20Normalized diluted EPS
November 1 consensus snapshot
Real
0.24Reported normalized EPS
Model download
Explore the assumptions and calculations behind the forecast. This is the agent’s original workbook. Its review didn’t finish, so it hasn’t been checked or repaired.
Shortcut’s reasoning.
Q3 guidance (4-Aug-26): revenue $460-480m, Adj. EBITDA $40-45m, OI $1-4m; Kratos beat its revenue midpoint by 6-13% and its Adj. EBITDA midpoint by $2.6-11.2m in each of the last four quarters.
Revenue $482.6m built from drivers: KGS 2Q26 $379.7m + hypersonic +$22.5m (CFO: +$20-25m Q/Q) - 1.5% seasonal other + guidance-implied acquired revenue ($45.9m); KUS $79.8m from the FY26 ~10% organic guide.
Adj. EBITDA $44.0m (9.1% margin) - modestly above the guide midpoint, capped by the tightened FY26 guide; shekel ~4% weaker vs Q2 eases the FX drag.
Adjusted EPS = Adj. EBITDA + $9.9m net interest on ~$1.44bn cash, taxed at 22.5% (2Q26 18.6%, 6M26 recast 19.1%, FY25 27.0%), over 190.2m diluted shares = $0.2194 vs $0.20 consensus.
Main risk is the adjusted tax rate: at 28-30% EPS would be ~$0.20. consensus EPS $0.20 with EBITDA $44.6m is consistent with lower interest and/or a higher tax rate than modelled. Size/history prior 0.83 (mid-cap, 6/6 beats) tempered to 0.76 by the model distribution.
On the record.
- Reporting period
- FQ3 2026 (quarter ended 2026-09-27)
- Reporting basis
- Normalized (company Adjusted) diluted EPS, USD per diluted common share - normalized EPS basis
- Consensus snapshot
- November 1, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Original workbook · review incomplete
Record history
- Forecast generated
- Nov 1, 2026 at 10:53 PM PST
- First posted
- Nov 2, 2026 at 4:10 PM PST
- Result checked
- Nov 6, 2026 at 1:55 AM PST
Result basis
Provider normalized EPS matches issuer adjusted diluted EPS of $0.24; GAAP diluted EPS is $0.00. All six frozen normalized historical EPS values match.