Telos Corporation reported second quarter 2026 revenue of $47.7 million, up 33% year over year and above its guidance range of $44 million to $46 million, driven by stronger-than-forecasted performance in Telos ID. Adjusted EBITDA reached $6.9 million, exceeding the high end of guidance of $5 million to $6 million, with adjusted EBITDA margin expanding to 14.4% from 1.1% a year earlier. The company raised its full-year adjusted EBITDA guidance to a range of $23.6 million to $28.6 million, up from $20.6 million to $28 million, and increased its full-year cash gross margin outlook to 39% to 40%. Telos also announced it will phase out a low-margin third-party software resale revenue stream starting in the fourth quarter, which is expected to improve total company cash gross margin by over 600 basis points on a run-rate basis. The company repurchased more than 1 million shares for $4.7 million during the quarter, and management said it continues to expect government contract award decisions in the second half of 2026 on proposals representing over $500 million in total contract value.
Telos CorpQ2 revenue and EBITDA beat guidance, full-year profit outlook raised, and share buyback announced.
