earnings
confidence high
sentiment positive
materiality 0.90
Rocket Lab Q2 revenue $234M (+62% YoY), backlog $2.36B; guides Q3 to $250-265M; Iridium deal
Rocket Lab Corp
- Record Q2 revenue of $234M, up 62% YoY; record backlog of $2.36B, up 137% YoY.
- Announced agreement to acquire Iridium Communications; closed Mynaric and Motiv acquisitions.
- Q3 2026 guidance: revenue $250-265M; adjusted EBITDA loss of $17-23M; GAAP gross margin 29-31%.
- Awarded $397M U.S. Space Force SB-AMTI contract for Flatellite spacecraft on Neutron; one of two vendors.
- Won $160M+ in two contracts for three geostationary satellites; first GEO production for U.S. government.