Rocket Lab Corporation reported record second quarter 2026 revenue of $234.1 million, a 62% year-over-year increase, exceeding analyst expectations. While the company posted a slightly wider-than-expected GAAP EPS loss of $0.08, performance was bolstered by massive momentum in the Space Systems segment and the landmark announcement of a deal to acquire Iridium Communications to become a vertically integrated satellite operator.
Key Highlights
- Quarterly revenue of $234.1 million outperformed the consensus estimate of $231.6 million, driven by strong demand across launch and space systems.
- Total backlog surged 137% year-over-year to a record $2.36 billion, including a $397 million Space Force contract for Flatellite spacecraft.
- Management reaffirmed the Neutron launch vehicle schedule, with Stage 1 tank production currently targeting delivery to the launch pad in the fourth quarter of 2026.
- Third quarter 2026 revenue guidance was set at $250 million to $265 million, signaling continued record-breaking growth and segment expansion.