Rocket Lab Q2 revenue jumps to record high on surging demand
RKLB•Outlook and contract wins
Rocket Lab expects third-quarter 2026 revenue between $250 million and $265 million. The company sees third-quarter 2026 non-GAAP gross margin of 35% to 37% and forecast adjusted EBITDA loss of $17 million to $23 million.
Rocket Lab said record revenue was supported by contract wins, including a $397 million award for the U.S. Space Force SB-AMTI program and more than $160 million for geostationary satellites.
The current average analyst rating on the shares is "buy," with 16 "strong buy" or "buy" ratings, five "hold" ratings and no "sell" or "strong sell" ratings. Wall Street's median 12-month price target for Rocket Lab Corp is $120.00, about 44.9% above its August 7 closing price of $82.83.
Quarterly operating and product metrics
| Metric | Actual |
|---|---|
| Q2 Product Revenue | $181.35 million |
| Q2 Loss Per Share | $0.08 |
| Q2 Net Loss | $49.26 million |
| Q2 Operating Expenses | $142.09 million |
| Q2 Operating Loss | $57.51 million |
| Q2 Pretax Loss | $43.93 million |
Record quarterly revenue driven by demand
Rocket Lab said fiscal second-quarter revenue rose 62% year over year to a record level, driven by surging demand across all areas of its business.
The company posted a net loss of $49.26 million, or $0.08 per share. Operating expenses were $142.09 million, operating loss was $57.51 million and pretax loss was $43.93 million.
Rocket Lab also announced acquisitions of Mynaric and Motiv, and a deal to acquire Iridium.
