"Rocket Lab posted Q1 FY2026 revenue of $200.35 million, up 64% year over year (YoY) and beating consensus by 6%. Adjusted EPS of -$0.07 also landed ahead of the -$0.08 estimate, while non-GAAP gross margin expanded to 43% from 33% a year ago."
"Meanwhile, Rocket Lab's backlog climbed to $2.2 billion, up 20% sequentially, on 31 new Electron and HASTE contracts plus 5 dedicated Neutron missions signed in the quarter alone. The company also flagged its selection for the Department of War's Space Based Interceptor program under Golden Dome for America with Raytheon, a meaningful national security win."
"CEO Peter Beck stated that "Rocket Lab has delivered another exceptional quarter with record financial performance of more than $200 million in revenue" and noted that the company has "access to more than $2 billion in liquidity, putting us in a very strong position for continued growth and M&A execution." Rocket Lab's Q2 2026 revenue guidance of $225 million to $240 million further fueled the bid."
"Rocket Lab stock's surge is the standout of the session, but it's not alone. Intuitive Machines (NASDAQ:LUNR) stock is up 21% and Planet Labs (NYSE:PL) stock is up 10% alongside it, pointing to sector-wide buying on top of the company-specific earnings catalyst."
Rocket Lab shares rose about 30% intraday to around $102 after record Q1 FY2026 earnings released May 7. The quarter showed $200.35 million revenue, up 64% year over year and above consensus, with adjusted EPS of -$0.07 beating the -$0.08 estimate. Non-GAAP gross margin increased to 43% from 33% a year earlier. Backlog grew to $2.2 billion, up 20% sequentially, supported by new Electron and HASTE contracts and additional Neutron missions. The company also reported selection for the Space Based Interceptor program under Golden Dome. Q2 2026 revenue guidance of $225 million to $240 million supported the rally, while Intuitive Machines and Planet Labs also gained on sector-wide buying.
Read at 24/7 Wall St.
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