Rocket Lab Q1 2026 revenue grows 64% to record $200M as backlog hits $2.2B and stock surges 30%

"Rocket Lab's revenue grew 64 per cent, its stock hit a record high, and its backlog reached 2.2 billion dollars. The company sold more launches in the first quarter of 2026 than in the entire previous year. The only thing that has not launched yet is the rocket the market is pricing in."

"First-quarter revenue was 200.3 million dollars, up from 122.6 million a year earlier, beating analyst estimates that had already been raised twice in the past three months. Space systems, the division that builds satellites and spacecraft components, generated 136.7 million dollars. The launch business contributed 63.7 million. Both exceeded expectations."

"The financial results showed a company accelerating across every segment. Gross margin reached 38.2 per cent, up from the low thirties a year ago. The net loss narrowed to 45 million dollars from 60.6 million in the first quarter of 2025. Adjusted EBITDA loss was 11.8 million, a figure that suggests profitability is within reach if the revenue trajectory holds."

"Rocket Lab signed 31 new Electron and HASTE launch contracts in the quarter, plus five contracts for Neutron, its medium-lift rocket that has not yet flown. The company announced its largest launch deal in history, a bulk purchase of Neutron and Electron flights from an undisclosed customer whose identity and order size the company declined to reveal."

Rocket Lab reported first-quarter revenue of 200.3 million dollars, up 64% from 122.6 million a year earlier, and exceeding raised analyst expectations. Space systems revenue reached 136.7 million dollars, while launch revenue totaled 63.7 million. The company’s backlog rose to 2.2 billion dollars, and its stock reached a record high, valuing it at about 45 billion dollars. Gross margin increased to 38.2%, and the net loss narrowed to 45 million dollars from 60.6 million. Rocket Lab signed 31 new Electron and HASTE launch contracts and five Neutron contracts, including its largest launch deal for Neutron and Electron flights. It also secured a 30 million dollar contract from Anduril Industries for three HASTE hypersonic test flights.

Read at TNW | Space