Rocket Lab Q1 2026 earnings beat with record $200M revenue

First-quarter gross astatine Rocket Lab climbed to $200.3 million, the institution reported Thursday, reflecting a 63.5% leap compared with the year-ago period. Wall Street had been looking for $189.68 million, meaning the effect cleared expectations by a wide margin, according to Benzinga.

The institution reported a nett nonaccomplishment of $45 million, oregon 7 cents per share, compared with a nett nonaccomplishment of $60.6 cardinal successful the archetypal 4th of 2025. GAAP gross borderline reached 38.2%, and adjusted EBITDA came successful astatine a nonaccomplishment of $11.8 million. Rocket Lab ended the 4th with a backlog of $2.2 billion, up 20.2% from the anterior quarter, and much than $2 cardinal successful full liquidity.

"Rocket Lab has delivered different exceptional 4th with grounds fiscal performance," CEO Peter Beck said successful a statement. "We're already embedded successful the astir demanding and important abstraction programs of our procreation and we're successful an incredibly beardown presumption to proceed expanding this."

For the 2nd quarter, Rocket Lab forecast gross of $225 cardinal to $240 million. That scope exceeded expert expectations of $205.05 million, according to Benzinga. The institution projected an adjusted EBITDA nonaccomplishment of $20 cardinal to $26 cardinal for the period.

This quarter, Rocket Lab signed 31 caller contracts for Electron and HASTE launches and secured 5 much agreements for its Neutron medium-lift rocket. The institution said it has already sold much launches successful the archetypal 4th of 2026 than successful each of 2025, bringing its full motorboat manifest to implicit 70 contracted missions. Rocket Lab besides closed a bulk acquisition of Neutron and Electron flights from an undisclosed customer, calling it the largest motorboat declaration successful its history.

The institution said its Neutron rocket remains connected way for a debut motorboat aboriginal this year, with ongoing advancement connected motor qualification and first-flight hardware integration.

Alongside its net release, Rocket Lab disclosed that it had been chosen, moving alongside Raytheon, to show precocious capabilities for the U.S. Space Force's Space Based Interceptor program, which forms portion of President Donald Trump's Golden Dome for America initiative. Anduril has awarded Rocket Lab a $30 cardinal woody to behaviour respective hypersonic trial flights aboard its HASTE vehicle.

Rocket Lab completed its acquisition of Mynaric AG, a supplier of laser optical communications terminals, during the quarter, and entered into a definitive statement to get Motiv Space Systems, a abstraction robotics company. The acquisitions found Rocket Lab's archetypal European footprint and adhd Mars-tested robotics capableness to its portfolio, the institution said.

Shares of Rocket Lab gained astir 6.9% successful Thursday's after-hours session, touching $84, according to Benzinga.