Operations
Q2 2026
Q2 Revenue
↑ 62.0% YoY
$234.1M
Segments
Launch Services
19.0%
Space Systems
81.0%
Key Earnings Driver
Spacecraft Manufacturing Launch Services declined 4.4% year over year to $44.6M while Space Systems revenue increased 93.6% to $189.5M. Within Space Systems, Products revenue increased 95.6% to $181.3M and Services revenue increased 58.6% to $8.1M. Space Systems revenue increased primarily due to spacecraft manufacturing growth and acquisitions. Launch Services revenue decreased primarily due to revenue recognition timing.
Key Operating Metrics¹
METRIC
STATUS
Launch Services↓ 4.4%
🟡 Watch
Space Systems↑ 93.6%
Products↑ 95.6%
Spacecraft manufacturing
🟢 Scaling
Services↑ 58.6%
Key Financial Metrics
Gross Margin
36.14%
+4.03 pp YoY
Backlog / Revenue
1,008.0%
10.08x Qtr Rev
CapEx Intensity
11.11%
0.11x Revenue
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Rocket Lab website and/or SEC filings for Q2, with status based on reported data.