Rocket Lab beats Q2 revenue estimate as backlog more than doubles

Revenue rose 62% to $234.07 million, backlog reached $2.36 billion and Q3 guidance called for continued growth alongside another adjusted loss.

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Primary source: Rocket Lab

$397 Million award highlights Rocket Lab’s record Q2 revenue — Rocket Lab reported record revenue and backlog, while guiding to another revenue record in Q3 2026.

Rocket Lab reported Q2 2026 revenue of $234.07 million, up 62.0% year over year and above the $231.62 million estimate. The result extends the growth of a business spanning launch services, spacecraft design and satellite component manufacturing.

Profitability remained the counterweight to that expansion. Rocket Lab posted a net loss of $49.3 million and an operating loss of $57.5 million. Gross profit rose 82.3% year over year to $84.6 million.

Backlog more than doubles…

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