Rocket Lab (RKLB) Q2 2026 Earnings
Includes $8.576 million in transaction costs related to acquisitions and $199 thousand change in fair value of contingent consideration
How Did RKLB Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: −0.81%.
Did RKLB Beat Earnings? Q2 2026 Results
No. Rocket Lab reported Q2 2026 earnings of $-0.08 a share on Aug 10, 2026, missing the $-0.08 consensus estimate by 4.3%. Revenue was $234.1M against a $230.9M estimate.
Rocket Lab delivered a revenue beat but a slight earnings miss in Q2 2026, as record-setting top-line growth was tempered by rising costs tied to an ambitious acquisition spree. The company posted revenue of $234.07 million, clearing the $230.94 million consensus by 1.35% and representing a 62.0% year-over-year surge driven by product revenues that nearly doubled to $181.35 million. On the bottom line, GAAP EPS came in at $-0.08, missing the $-0.0767 consensus by 4.30%; the result included $8.58 million in acquisition-related transaction costs and a $199 thousand change in fair value of contingent consideration, both of which weighed on the reported figure. Those costs reflected a transformative quarter in which Rocket Lab closed acquisitions of Mynaric and Motiv and announced a deal to acquire Iridium Communications. <a href="https://247wallst.com/investing/2026/08/10/live-will-rocket-lab-soar-back-to-all-time-highs-after-q2-earnings-tonight/">Investors tracking the stock</a> will now focus on management's Q3 guidance of $250 million to $265 million in revenue, suggesting continued sequential growth as the company's $2.36 billion backlog provides strong forward visibility.
- 62% year-over-year revenue growth driven by surging demand across launch and space systems
- Product revenues nearly doubled year-over-year to $181.3 million
- Non-GAAP gross margin expanded to 41.5% from 36.9% year-over-year
- Adjusted EBITDA loss narrowed to $8.8 million from $27.6 million in Q2 2025
- Backlog grew 137% year-over-year to $2.36 billion
“Q2 was another fantastic quarter for Rocket Lab, highlighted by record results and massive momentum that has continued well after the close. We achieved a record $234 million in Q2 revenue - up 62% year-over-year and $34 million higher than last quarter's record - driven by surging demand across all areas of our business. Q2 2026 saw our backlog grow to $2.36 billion – another record – which, combined with new deals in the period since, equates to more than $1 billion in new contracts across launch and space systems already entered into in Q3.”
Rocket Lab CEO, on the earnings call
What Is Rocket Lab's Outlook?
For Q3 2026, Rocket Lab expects revenue between $250 million and $265 million (another record quarter), GAAP gross margins of 29%-31%, non-GAAP gross margins of 35%-37%, GAAP operating expenses of $143-$149 million, non-GAAP operating expenses of $121-$127 million, net interest income of $21 million, Adjusted EBITDA loss of $17-$23 million, and basic weighted average shares outstanding of 641 million (including approximately 41 million Series A Convertible Participating Preferred Shares). Stock-based compensation is expected to range from $18-$20 million in Q3 2026.
RKLB YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $234.1M | $144.5M | +62.0% |
| Gross Profit | $84.6M | $46.4M | +82.3% |
| Operating Income | −$57.5M | −$55.5M | +3.6% |
| Net Income | −$49.3M | −$39.1M | +25.8% |
RKLB Revenue by Segment
When Does Rocket Lab Report Next?
Figures from SEC filings and company reports. Not investment advice.