Rocket Lab Q2 2026 earnings: revenue up 62%, loss widens

The Long Beach, California-based motorboat and abstraction systems institution disclosed a nett nonaccomplishment of $49.3 million, oregon 8 cents per share, for the 3 months ended June 30, improving from $66.4 million, oregon 13 cents per share, successful the year-ago quarter. The statement forecast from FactSet analysts had called for a 6-cent-per-share nonaccomplishment connected $231.6 cardinal successful revenue, according to The Wall Street Journal. Rocket Lab banal fell 1.6% to $78.80 aft Monday's close.

On the gross mix, merchandise income climbed to $181.3 cardinal from $92.7 cardinal a twelvemonth ago, portion work revenues roseate modestly to $52.7 cardinal from $51.8 million. Rocket Lab closed the 4th with a $2.36 cardinal backlog, reflecting 137% maturation compared with the aforesaid play past year, the institution said.

For the 3rd quarter, Rocket Lab guided for gross of $250 cardinal to $265 million. The institution said it has already entered into much than $1 cardinal successful caller contracts during the existent quarter. Rocket Lab besides guided for an adjusted EBITDA nonaccomplishment of $17 cardinal to $23 cardinal successful the 3rd quarter.

Rocket Lab laminitis and main enforcement serviceman Sir Peter Beck said successful a connection that the 4th was marked by "massive momentum," pointing to caller contracts crossed motorboat and abstraction systems. During the 2nd quarter, the institution closed its acquisitions of Mynaric and Motiv, and announced a woody to get Iridium Communications.

Rocket Lab agreed successful June to get Iridium successful a cash-and-stock transaction valued astatine astir $8 billion, which would springiness it power of Iridium's 66-satellite low-Earth orbit web and much than 2.55 cardinal subscribers. The deal, expected to adjacent successful mid-2027, is designed to presumption Rocket Lab to vie much straight with SpaceX and its Starlink outer communications unit.

The institution besides received a $397 cardinal Space Force declaration to build, launch, and run satellites for the Space-Based Airborne Moving Target Indicator program, and was awarded a $266 cardinal multi-launch declaration with the Space Force covering up to 18 suborbital missions supporting rocket defense, with the archetypal motorboat expected by the extremity of 2026.