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Rocket Lab Usa, Inc. (RKLB)
NASDAQ:RKLB
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong commercial and financial momentum — record revenue, record backlog, margin expansion, market leadership in small launch, a material SDA prime contract ($816M), successful high-profile missions (ESCAPADE), strategic acquisitions and continued Neutron hardware qualification progress. Counterbalancing these positives were meaningful near-term program risks and cash consumption: a Stage 1 tank rupture on Neutron that pushed the first launch target to Q4 2026, elevated R&D and CapEx for Neutron, negative operating/free cash flow in Q4, and some lumpy Space Systems revenue tied to subcontractor performance and ASC 606 timing. Overall the business appears to be scaling with solid liquidity (~$1.1B) and transformational opportunities (SDA, vertical integration, new solar tech), while managing expected execution and cash-flow challenges as Neutron development continues.Company Guidance
Record Annual and Quarterly Revenue
Full-year 2025 revenue of $602.0M, representing 38% year-over-year growth; Q4 2025 revenue of $180.0M, up 36% year-over-year and up 16% sequentially.
Record Backlog and Strong Bookings
Total backlog at quarter-end of ~$1.85B (record). Management cited ~73% growth versus the same time in 2024 and ~69% sequential growth noted in remarks, driven materially by the SDA Tranche III award; added 30+ new launches to the manifest.
Gross Margin Expansion
Q4 GAAP gross margin 38.0% and Q4 non-GAAP gross margin 44.3%; full-year GAAP gross margin 34.4% (up ~780 basis points YoY) and full-year non-GAAP 39.7% (up ~770 basis points YoY).
Launch Cadence and Market Leadership
Company launched a record 21 missions (Electron + HASTE) in 2025 and a record 7 launches in Q4; conducted 3 successful HASTE missions in 2025 with additional HASTE on the pad; management reiterated Rocket Lab as the leading reliable small-launch provider.
Large SDA Tranche III Contract Win
Awarded an $816M contract from the Space Development Agency to build 18 spacecraft (tracking/missile warning sensors). Combined SDA awards now exceed ~$1.3B; potential additional subsystem capture tied to Tranche III could add up to ~ $1B in addressable opportunity.
Successful High-Profile Missions and Programs
Delivered the ESCAPADE twin satellites to Mars (mission successfully commissioned and handed to mission team shortly); LOXSAT spacecraft completed and headed toward launch; record growth across Space Systems component businesses.
Strategic Acquisitions and Vertical Integration
Acquired Geost (2025), Optical Support, Inc. (Q1 2026), and Precision Components Limited (closed today) to strengthen payload, optical, and manufacturing capabilities and reduce supplier risk; raised $280.6M via ATM proceeds to support M&A and scaling.
Neutron Program Qualification Progress
Major Neutron hardware and subsystems have passed qualification during the quarter (fairing, thrust structure, second stage integration and interstage qualification work, hardware arriving at Wallops), Archimedes engine test program progressing aggressively toward flight readiness.
Strong Liquidity Position
Ending cash, cash equivalents, restricted cash and marketable securities of ~$1.1B at quarter-end, supported by $280.6M ATM proceeds and convertible note conversions that reduced indebtedness.
Product Innovation — Space-Optimized Silicon Solar Arrays
Announced a space-optimized silicon solar array (and hybrid arrays combining silicon and high-efficiency cells) designed to lower $/W and enable mass-manufacturable, gigawatt-scale power solutions for large constellations and emerging space data center concepts.
RKLB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RKLB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $72.65 | ― | ― |
Nov 10, 2025 | $51.90 | $51.24 | -1.27% |
Aug 07, 2025 | $44.21 | $44.69 | +1.09% |
May 08, 2025 | $23.10 | $20.51 | -11.21% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rocket Lab Usa, Inc. (RKLB) report earnings?
Rocket Lab Usa, Inc. (RKLB) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Rocket Lab Usa, Inc. (RKLB) earnings time?
Rocket Lab Usa, Inc. (RKLB) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RKLB EPS forecast?
RKLB EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.
