Spacecraft

Rocket Lab (NASDAQ: RKLB) — Q2 2026 Post Earnings

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Operations

As of August 12, 2026
Q2 Revenue ↑ 62% YoY $234.1M
Divisions
Launch Services 19.0%
Space Systems 81.0%

Key Earnings Driver

Spacecraft Manufacturing Launch Services declined 4% year over year to $44.6M while Space Systems revenue increased 94% to $189.5M. Within Space Systems, Products revenue was $181.4M and Services revenue was $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%

🟡 Watch

Space Systems↑ 94%

Products

Spacecraft manufacturing

🟢 Scaling

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

Sources:  Rocket Lab Q2 FY2026 Earnings Release — Company Website, Rocket Lab Q2 FY2026 Form 10-Q — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Rocket Lab (NASDAQ: RKLB) — Q2 2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

As of August 10, 2026
Q1 Revenue ↑ 63.5% YoY $200.3M
Divisions
Launch Services 31.8%
Space Systems 68.2%

Key Earnings Driver

Space Systems Launch Services revenue increased 79% year over year to $63.7M and Space Systems revenue increased 57.2% to $136.7M. Neutron remained on track for its debut launch later in 2026, while research and development expenses increased primarily due to Neutron development progress.

Key Operating Metrics¹

METRIC

STATUS

Launch Services↑ 79%

Space Systems↑ 57.2%

🟢 Scaling

Sources: Rocket Lab Q1 FY2026 Earnings Release — Company Website, Rocket Lab Q1 2026 Quarterly Report — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.