Filing Flows › Karman Holdings (KRMN) › Q2 2026 › vs Q1 2026
Karman Holdings (KRMN) Q2 2026 vs Q1 2026 (quarter over quarter)
Karman Holdings's revenue rose $30.9M (+20%) from $151M in Q1 2026 to $182M in Q2 2026. The biggest changes: Tactical Missile and Integrated Defense Systems +$17.8M (+39%); Hypersonic and Strategic Missile Defense +$7.7M (+22%); Maritime Defense Systems +$7.2M (+27%). Gross margin 43.0% against 42.2% (+0.7 pts).
Karman Holdings, Q2 2026: revenue $182M (+58% year over year), operating margin 19.1%, net earnings $14.0M, operating cash flow −$3.2M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 43.0% | 42.2% | +0.7 pts |
| Operating margin | 19.1% | 14.2% | +4.9 pts |
| Net margin | 7.7% | 5.2% | +2.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Tactical Missile and Integrated Defense Systems | $63.0M | $45.3M | $17.8M | +39% |
| Hypersonic and Strategic Missile Defense | $43.4M | $35.7M | $7.7M | +22% |
| Space and Launch | $42.1M | $43.9M | −$1.8M | -4% |
| Maritime Defense Systems | $33.6M | $26.4M | $7.2M | +27% |
| Revenue | $182M | $151M | $30.9M | +20% |
| Gross profit | $78.2M | $63.9M | $14.4M | +22% |
| Cost of revenue | $104M | $87.3M | $16.5M | +19% |
| Operating profit | $34.8M | $21.5M | $13.4M | +62% |
| Operating expenses | $43.4M | $42.4M | $992K | +2% |
| Pre-tax earnings | $19.3M | $8.6M | $10.6M | +123% |
| Other expense, net | $15.6M | $12.8M | $2.7M | +21% |
| General & admin | $31.3M | $28.6M | $2.7M | +9% |
| Other operating costs | $12.1M | $13.8M | −$1.7M | -12% |
| Net earnings | $14.0M | $7.8M | $6.2M | +80% |
| Income tax | $5.2M | $838K | $4.4M | +524% |
| Operating cash sources | $33.8M | $24.2M | $9.6M | +40% |
| Depreciation & amortization | $15.2M | $16.6M | −$1.5M | -9% |
| Share-based compensation | $1.4M | $0 | $1.4M | — |
| Cash used in operations | $3.2M | −$209K | $3.4M | — |
| Working capital & other | $33.8M | $24.2M | $9.6M | +40% |
Questions
How much did Karman Holdings's revenue grow quarter over quarter in Q2 2026?
Karman Holdings's revenue rose $30.9M (+20%) from $151M in Q1 2026 to $182M in Q2 2026.
What drove Karman Holdings's revenue change in Q2 2026?
Tactical Missile and Integrated Defense Systems +$17.8M (+39%); Hypersonic and Strategic Missile Defense +$7.7M (+22%); Maritime Defense Systems +$7.2M (+27%).