Kratos Q3 2026: Sales Up 36%, Free Cash Flow Negative

• Kratos reported a 36% increase in Q3 2026 revenue, reaching $471.8 million.
• Excluding acquisitions, revenue grew by 23% in Q3 2026.
• New orders were 2.2 times the sales for the quarter.
• Kratos used $29.4 million of free cash in Q3 2026 and expects to use $110 million to $120 million this year.
• Shares slipped about 0.6% in after-hours trading.