- Rocket Lab and AST SpaceMobile reported mixed-to-weak second-quarter results late Monday, though both companies guided higher.
- Rocket Lab missed EPS estimates with an adjusted loss of $0.08 per share for the quarter ended June 30, missing the analyst consensus estimate of $0.06.
- Despite the EPS miss, Rocket Lab posted record revenue of $234.06 million, which is up 62% YoY and slightly exceeds the $232.06 million analyst estimate.
- Rocket Lab guided Q3 revenue above consensus, expecting revenue between $250 million and $265 million, with a midpoint of $257.5 million, which is well above the analyst consensus of $235.9 million.
- The company also announced acquisitions of Iridium Communications Inc., Mynaric, and Motiv, and secured a $397 million contract with the U.S. Space Force.
- Rocket Lab's backlog grew to a record $2.36 billion, which is up 137% YoY, indicating strong demand for its services.
- During and after the quarter, Rocket Lab secured more than $437 million in new launch contracts, expanding its total launch backlog to over 90 launches.
- Sir Peter Beck, founder and CEO, stated that Q2 was highlighted by record results and massive momentum continuing after the quarter's close.
Rocket Lab Corp reported a record revenue of $234.06 million for Q2, marking a 62% year-over-year increase, despite an adjusted loss of $0.08 per share that missed analyst expectations of $0.06. Shares fell 1.6% in after-hours trading following the announcement.1
The company's backlog grew to a record $2.36 billion, up 137% year-over-year, and it secured over $437 million in new launch contracts during the quarter, expanding its total backlog to over 90 launches. CEO Sir Peter Beck stated, "Q2 was another fantastic quarter for Rocket Lab, highlighted by record results and massive momentum that has continued well after the close."10
Looking ahead, Rocket Lab expects Q3 revenue between $250 million and $265 million, with a midpoint of $257.5 million, significantly above the analyst consensus of $235.9 million. However, the company anticipates an adjusted EBITDA loss of between $17 million and $23 million for the quarter. Additionally, Rocket Lab achieved critical milestones on its Neutron medium-lift reusable rocket, with production aligned for a fourth-quarter delivery in 2026.
The company also completed acquisitions of Mynaric and Motiv during the period and was awarded a $397 million contract for the U.S. Space Force's Space-Based Airborne Moving Target Indicator program.67
“The company's backlog grew to a record $2.36 billion, up 137% YoY, and it secured over $437 million in new launch contracts. Rocket Lab also announced plans to acquire Iridium Communications and completed acquisitions of Mynaric and Motiv during the period.”
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