Rocket Lab's first quarter 2026 revenue of $200.3M beat estimates as backlog grew to a record $2.2B.

Rocket Lab reported first quarter 2026 revenue of $200.3 million, up 63.5% year-over-year, beating analyst estimates. The company reported a net loss per share of $0.07, which was in line with expectations.

Key Highlights

• The company reported record revenue of $200.3 million, representing 63.5% growth compared to the prior year.
• Backlog increased to a record $2.2 billion, up 20.2% from the prior quarter, driven by a record number of new launch contracts.
• Achieved a record GAAP gross margin of 38.2%, signaling improved operational efficiency.
• Management reaffirmed that the Neutron medium-lift launch vehicle remains on track for its debut launch later this year.