Rocket Lab reported record first-quarter 2026 revenue of $200.3 million.
Revenue increased 63.5% year-over-year, surpassing analyst expectations. The company's backlog more than doubled to a record $2.2 billion. Management issued second-quarter revenue guidance between $225 million and $240 million, exceeding market forecasts. The net loss per share narrowed and beat consensus estimates.
Rocket Lab secured its largest launch agreement in history with a confidential customer for five Neutron and three Electron missions. The company also signed a definitive agreement to acquire space robotics firm Motiv Space Systems. Several analysts upgraded their price targets following the announcements.