Calian Reports Record Q2 2026 Results on Defence Sector Demand
Event summary
- Calian's Q2 2026 revenue grew 18% to $229 million, with 12% organic growth and 6% from acquisitions.
- Adjusted EBITDA surged 60% to $28 million, with a margin increase to 12.2% from 9.0%.
- New contract signings totaled $321 million, including over $200 million in defence.
- Backlog reached $1.5 billion, with over one billion in defence contracts.
- Calian increased its committed credit facility to $275 million in March 2026.
The big picture
Calian's record Q2 2026 results highlight the strategic benefits of its focus on defence and space sectors, where government spending is accelerating. The company's ability to leverage acquisitions and operational improvements positions it to capture market share in critical infrastructure sectors. With a robust backlog and strong cash flow conversion, Calian is well-positioned to deliver strong full-year performance.
What we're watching
- Defence Sector Momentum
- How sustained defence spending will impact Calian's growth trajectory.
- Acquisition Strategy
- Whether Calian can maintain its acquisition pipeline to fuel further growth.
- Operational Leverage
- The pace at which Calian can convert higher volumes into sustained profitability.
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