Rocket Lab Q2 Revenue Soars 62% to Record $234M, but Losses Widen, Stock Dips
Rocket Lab, located in Long Beach, California, announced a record revenue of $234 million for the second quarter, marking a 62% rise compared to last year. However, the company reported a net loss of $49.3 million, equating to 8 cents per share, for the period ending June 30, which was worse than analysts' predictions of a 6-cent loss. Product sales reached $181.3 million, while service revenues climbed to $52.7 million. The company's backlog now stands at $2.36 billion, reflecting a 137% increase year-over-year. For the third quarter, Rocket Lab anticipates revenue between $250 million and $265 million. Additionally, it has finalized acquisitions of Mynaric and Motiv and intends to acquire Iridium Communications for around $8 billion, with a closing date expected in mid-2027.
Key facts
- Record Q2 revenue of $234 million, up 62% year-over-year
- Net loss of $49.3 million, or 8 cents per share, narrower than year-ago loss of $66.4 million
- FactSet consensus expected 6-cent loss on $231.6 million revenue
- Stock fell 1.6% to $78.80 after hours
- Product sales rose to $181.3 million from $92.7 million; service revenues up to $52.7 million from $51.8 million
- Backlog of $2.36 billion, up 137% year-over-year
- Q3 guidance: revenue $250-265 million, adjusted EBITDA loss $17-23 million
- Acquired Mynaric and Motiv; announced $8 billion deal to acquire Iridium Communications
- Received $397 million Space Force contract and $266 million multi-launch contract
- Iridium deal expected to close mid-2027
Entities
Institutions
- Rocket Lab
- FactSet
- The Wall Street Journal
- Mynaric
- Motiv
- Iridium Communications
- SpaceX
- Starlink
- Space Force
Locations
- Long Beach
- California
- United States
Sources
- Quartz —