Rocket Lab USA (RKLB)
NASDAQ:RKLB
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.13Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial momentum — record revenue, margins, backlog, cash and a flurry of strategic bookings, product rollouts and acquisitions that materially expand vertical integration and addressable markets. Near-term headwinds include launch-quarter lumpiness, margin mix pressure from large Space Systems contracts and continued cash burn and execution risk tied to Neutron development and reusability. On balance, the positive indicators (large bookings, liquidity, margin outperformance, product/production progress and M&A) materially outweigh the manageable near-term lowlights and execution risks.Company Guidance
Record Quarterly Revenue
Q1 revenue of $200.3M, the first quarter above $200M, representing +63.5% year-over-year growth and ~+12% sequential growth; Q2 guidance is $225M–$240M (≈+16% QoQ at midpoint).
Strong Gross Margins
GAAP gross margin of 38.2% (above prior guidance 34%–36%) and non‑GAAP gross margin of 43% (above guidance 39%–41%), with gross margin outperformance driven by solar products and favorable launch absorption.
Robust Backlog and Bookings
Total backlog approximately $2.2B, up ~20% sequentially and +108% year-over-year; launch backlog ~41.5% of total, Space Systems ~58.5%. Booked 31 Electron/HASTE missions and 5 Neutron contracts in Q1 (most launches signed in any quarter) and >70 launches now in launch backlog.
Record Liquidity Position
Ended Q1 with ~$1.48B cash and equivalents and access to >$2B total liquidity (including ATM proceeds of $450.4M in Q1, additional $24M in April, collateralized forward and capped call arrangements and convertible-related proceeds).
Major Defense and Program Wins
Selected for Space-Based Interceptor (SBI) under Golden Dome with Raytheon; $190M 20-launch HASTE order (largest single order within that program); confirmed multi-launch Neutron contract (5 Neutron flights + 3 Electron flights) — largest contract in company history.
Vertical Integration and Strategic M&A
Completed Mynaric acquisition (establishing European footprint), entered definitive agreement to acquire Motive Space Systems (robotics/mechanisms), and closed several other strategic acquisitions to bring optics, propulsion and subsystems in-house to support scale and cost control.
Product & Manufacturing Progress — Electric Propulsion and Neutron
Unveiled 'GA' electric propulsion thruster with 200-unit production line and initial units delivered; Neutron development progress includes Stage 1 tank refinements, AFP-made components on the production floor, cleared stage separation tests, Archimedes engine hot-fires, reusable fairing TPS integration and landing barge buildout — first launch targeted later this year.
Improving Profitability Metrics vs Guidance
Adjusted EBITDA loss of $11.8M, significantly better than guidance of -$21M to -$27M; GAAP EPS loss improved to $0.07 from $0.09 prior quarter; non-GAAP free cash flow use improved to -$77.4M from -$114.2M.
Operational Momentum
8 missions already launched this year; on track to beat last year's launch record and to achieve the company's 100th launch later in the year; Electron factory capacity designed for ~52 launches/year (modest capex to scale).
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 |
|---|---|---|---|
May 07, 2026 | $78.58 | $105.47 | +34.22% |
Feb 26, 2026 | $72.65 | $69.10 | -4.89% |
Nov 10, 2025 | $51.90 | $51.24 | -1.27% |
Aug 07, 2025 | $44.21 | $44.69 | +1.09% |
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 (RKLB) report earnings?
Rocket Lab USA (RKLB) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Rocket Lab USA (RKLB) earnings time?
Rocket Lab USA (RKLB) earnings time is at Aug 06, 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 (Q2) is -0.06.
