| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 234.07 | 16.8% | 62.0% |
| Total Income | 234.07 | 16.8% | 62.0% |
| Expenditure | 291.58 | 13.8% | 42.8% |
| PBT | -43.93 | 6.2% | 30.8% |
| Net Profit | -49.26 | 9.4% | 25.8% |
| OPM | -24.57% | 3.36pp | 16.70pp |
| NPM | -21.04% | 1.43pp | 24.92pp |
| EPS | -0.08 | 14.3% | 38.5% |
Rocket Lab Announces Q2 2026 Record Revenue and Backlog, Guides to Record Revenue in Q3
11 Aug 2026 · 11 Aug, 1:45 am
Summary
Rocket Lab Corporation reported record revenue of $234 million for the second quarter of 2026, marking a significant 62% year-over-year increase. The company also achieved a record backlog of $2.36 billion, up 137% YoY, driven by strong demand across its launch services and space systems businesses. Management highlighted the momentum from surging demand and strategic acquisitions, including the announced deal for Iridium Communications, which aims to position Rocket Lab as a self-launching, tier-1 space power. The company is guiding for another record revenue quarter in Q3 2026, with expectations between $250 million and $265 million.
Key Highlights
- 1
Rocket Lab announced record quarterly revenue of $234 million for the second quarter of 2026, a 62% increase year-over-year.
- 2
The company achieved a record backlog of $2.36 billion as of June 30, 2026, representing a 137% increase year-over-year.
- 3
Rocket Lab secured more than $437 million in new launch contracts during Q2 2026 and post-quarter signings, expanding its total launch backlog.
- 4
The company announced a landmark agreement to acquire Iridium Communications Inc., aiming to create a vertically-integrated space powerhouse.
- 5
Rocket Lab introduced the GHOST globally-deployable launch system, with its first operational debut planned for a suborbital launch from Alaska in 2027.
- 6
Progress was made on Neutron's first-flight hardware, with production aligned for delivery to the launch pad in Q4 2026.
- 7
The company was awarded a $397 million contract to deliver multiple Flatellite spacecraft for the U.S. Space Force’s SB-AMTI program.
Management Comments
Sir Peter Beck
Q2 was another fantastic quarter for Rocket Lab, highlighted by record results and massive momentum that has continued well after the close. We achieved a record $234 million in Q2 revenue - up 62% year-over-year and $34 million higher than last quarter’s record - driven by surging demand across all areas of our business. Q2 2026 saw our backlog grow to $2.36 billion – another record – which, combined with new deals in the period since, equates to more than $1 billion1 in new contracts across launch and space systems already entered into in Q3. Alongside this execution, we closed the acquisitions of Mynaric and Motiv and announced our historic deal to acquire Iridium Communications Inc. Together, these moves position Rocket Lab to accelerate our future into space applications by becoming a self-launching, tier-1 space power that will deliver critical communications capability to millions of users worldwide.
Informational and educational content only. Not investment advice.