LONG BEACH, Calif., Aug. 10, 2026 (GLOBE NEWSWIRE) — Rocket Lab Corporation (Nasdaq: RKLB), a world chief in launch providers and house techniques, immediately shared the monetary outcomes for fiscal second quarter ended June 30, 2026.
Rocket Lab founder and CEO, Sir Peter Beck, says: “Q2 was another fantastic quarter for Rocket Lab, highlighted by record results and massive momentum that has continued well after the close. We achieved a record $234 million in Q2 revenue – up 62% year-over-year and $34 million higher than last quarter’s record – driven by surging demand across all areas of our business. Q2 2026 saw our backlog grow to $2.36 billion – another record – which, combined with new deals in the period since, equates to more than $1 billion1 in new contracts across launch and space systems already entered into in Q3.”
“Alongside this execution, we closed the acquisitions of Mynaric and Motiv and announced our historic deal to acquire Iridium Communications Inc. Together, these moves position Rocket Lab to accelerate our future into space applications by becoming a self-launching, tier-1 space power that will deliver critical communications capability to millions of users worldwide.”
Highlights for the Second Quarter 2026, plus enterprise updates since June 30, 2026.
Record quarterly income of $234 million, a 62% improve YoY.
Record backlog of $2.36 billion, a 137% improve YoY.
Announced a landmark settlement to acquire Iridium to create a completely vertically-integrated house powerhouse that designs, builds, launches, and operates its personal constellations, delivering important communications functionality to thousands and thousands of customers worldwide.
Secured greater than $437 million[1] in new launch contracts throughout its Electron, HASTE, and Neutron launch automobiles throughout Q2 2026 plus post-quarter signings, increasing Rocket Lab’s whole launch backlog to its highest in historical past with 90+ launches.
Introduced the Company’s GHOST globally-deployable launch system to help suborbital and orbital launches from anyplace in the world. GHOST’s first location – named Rocket Lab Launch Complex 4 – shall be on the Pacific Spaceport Complex at Kodiak, Alaska, with two pads to be established for high-frequency launch campaigns. The system is ready to make its operational debut with a suborbital launch from Alaska in 2027.
Achieved important milestones throughout Neutron’s meeting, integration, and testing of first-flight {hardware} as Rocket Lab progresses towards the inaugural launch of its medium-lift reusable rocket. Production of the Stage 1 tank is at present aligned with the goal supply of Neutron to the launch pad in This autumn 2026.
Awarded a $3972 million contract to ship a number of Flatellite spacecraft to launch on Neutron for the U.S. Space Force’s Space-Based Airborne Moving Target Indicator (SB-AMTI) program: a critically-important mission for nationwide safety to detect, observe, and monitor airborne threats from house. Rocket Lab is certainly one of solely two distributors delivering launch-plus-spacecraft for SB-AMTI: a compelling recognition of the worth of Rocket Lab’s strategic vertical integration.
Awarded greater than $160 million throughout two contracts to construct three geostationary satellites. The offers embrace a main contract with the Space Force’s Space Systems Command to construct and function two satellites for house area consciousness, representing Rocket Lab’s first foray into geostationary satellite tv for pc manufacturing and operation for the U.S. Government.
Formally established Rocket Lab Germany GmbH to help potential future scaling of Rocket Lab satellite tv for pc and part manufacturing in Germany and present business and sovereign house capabilities to European clients.
Third Quarter 2026 Guidance For the third quarter of 2026, Rocket Lab expects:
Revenue between $250 million and $265 million.
GAAP Gross Margins between 29% and 31%.
Non-GAAP Gross Margins between 35% and 37%.
GAAP Operating Expenses between $143 million and $149 million.
Non-GAAP Operating Expenses between $121 million and $127 million.
Interest Income, web $21 million.
Adjusted EBITDA lack of between $17 million and $23 million.
Basic Weighted Average Common Shares Outstanding of 641 million, together with roughly 41 million of Series A Convertible Participating Preferred Shares.
See “Use of Non-GAAP Financial Measures” beneath for an evidence of our use of Non-GAAP monetary measures, and the reconciliation of historic Non-GAAP measures to the comparable GAAP measures in the tables hooked up to this press launch.We haven’t supplied a reconciliation for the forward-looking Non-GAAP Gross Margin, Non-GAAP Operating Expenses or Adjusted EBITDA expectations for Q3 2026 described above as a result of, with out unreasonable efforts, we’re unable to foretell with cheap certainty the quantity and timing of changes which are used to calculate these non-GAAP monetary measures, significantly associated to stock-based compensation and its associated tax results. Stock-based compensation is at present anticipated to vary from $18 million to $20 million in Q3 2026.
________________________________ 1 Includes choices throughout numerous contracts. 2 Includes choices throughout numerous contracts.
Conference Call Information Rocket Lab will host a convention name for traders at 2 p.m. PT (5 p.m. ET) immediately to debate these enterprise highlights and monetary outcomes for our second quarter, different updates, and to offer our outlook for the third quarter 2026.
The reside webcast and a replay of the webcast shall be out there on Rocket Lab’s Investor Relations web site: https://investors.rocketlabcorp.com/
About Rocket Lab Rocket Lab (Nasdaq: RKLB) is an end-to-end house firm delivering rockets, satellites, and spacecraft elements for business, authorities, and protection missions. Driven by its industry-leading small-lift rockets Electron and HASTE and its upcoming reusable Neutron medium-lift rocket, Rocket Lab delivers dependable and responsive launch for the world’s most vital missions from constellation deployment to missile protection. Rocket Lab’s satellites and elements have powered greater than 1,700 missions in Earth orbit, in addition to deep-space exploration of the Moon, Mars, and past. Learn extra at www.rocketlabcorp.com.
Forward Looking Statements This press launch accommodates forward-looking statements throughout the that means of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be lined by the protected harbor provisions for ahead trying statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press launch apart from statements of historic truth, together with, with out limitation, statements relating to our expectations of monetary outcomes for the third quarter of 2026, launch and house techniques operations, launch schedule and window, protected and repeatable entry to house, Neutron growth and anticipated timeline to launch, operational growth, enterprise technique, our backlog, income momentum, and contract exercise; and the anticipated advantages or impacts of our acquisitions of Mynaric, Motiv, and the introduced transaction involving Iridium Communications are forward-looking statements. The phrases “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and related expressions are meant to determine forward-looking statements, although not all forward-looking statements use these phrases or expressions. These statements are neither guarantees nor ensures, however contain identified and unknown dangers, uncertainties and different vital components that will trigger our precise outcomes, efficiency or achievements to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements, together with however not restricted to the components, dangers and uncertainties included in our Annual Report on Form 10-Ok for the fiscal yr ended December 31, 2025, as such components could also be up to date every so often in our different filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s web site at www.sec.gov and the Investor Relations part of our web site at investors.rocketlabcorp.com, which might trigger our precise outcomes to vary materially from these indicated by the forward-looking statements made in this press launch. Any such forward-looking statements characterize administration’s estimates as of the date of this press launch. While we could elect to replace such forward-looking statements sooner or later in the longer term, we disclaim any obligation to take action, even when subsequent occasions trigger our views to vary.
Use of Non-GAAP Financial Measures We complement the reporting of our monetary info decided beneath Generally Accepted Accounting Principles in the United States of America (“GAAP”) with sure non-GAAP monetary info. The non-GAAP monetary info offered excludes sure important gadgets that might not be indicative of, or are unrelated to, outcomes from our ongoing enterprise operations. We consider that these non-GAAP measures present traders with further perception into the corporate’s ongoing enterprise efficiency. These non-GAAP measures shouldn’t be thought-about in isolation or as an alternative to the associated GAAP measures, and different corporations could outline such measures in a different way. We encourage traders to evaluate our monetary statements and publicly filed stories in their entirety and to not depend on any single monetary measure. Reconciliation of the non-GAAP monetary info to the corresponding GAAP measures for the historic durations disclosed are included on the finish of the tables in this press launch. We haven’t supplied a reconciliation for forward-looking non-GAAP monetary measures as a result of, with out unreasonable efforts, we’re unable to foretell with cheap certainty the quantity and timing of changes which are used to calculate these non-GAAP monetary measures, significantly associated to stock-based compensation and its associated tax results. The following definitions are supplied:
Adjusted EBITDA EBITDA is outlined as earnings earlier than curiosity, taxes, depreciation and amortization. Adjusted EBITDA additional excludes gadgets of earnings or loss that we characterize as unrepresentative of our ongoing operations. Such gadgets are excluded from web earnings or loss to find out Adjusted EBITDA. Management believes this measure gives traders significant perception into outcomes from ongoing operations.
Other Non-GAAP Financial Measures Non-GAAP gross revenue, gross margin, analysis and growth, web, promoting, common and administrative, working bills, working loss and whole different earnings (expense), web, additional excludes gadgets of earnings or loss that we characterize as unrepresentative of our ongoing operations. Such gadgets are excluded from the relevant GAAP monetary measure. Management believes these non-GAAP measures present traders significant perception into outcomes from ongoing operations.
ROCKET LAB CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025 (unaudited; in 1000’s, besides share and per share information)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Revenues:
Product revenues
$
181,347
$
92,725
$
308,835
$
173,529
Service revenues
52,719
51,773
125,579
93,538
Total revenues
234,066
144,498
434,414
267,067
Cost of revenues:
Cost of product revenues
117,439
61,692
198,523
115,561
Cost of service revenues
32,051
36,418
74,822
69,871
Total price of revenues
149,490
98,110
273,345
185,432
Gross revenue
84,576
46,388
161,069
81,635
Operating bills:
Research and growth, web
82,429
66,134
162,942
121,243
Selling, common and administrative
59,661
39,893
111,610
79,219
Total working bills
142,090
106,027
274,552
200,462
Operating loss
(57,514
)
(59,639
)
(113,483
)
(118,827
)
Other earnings (expense):
Interest expense
(581
)
(7,390
)
(1,855
)
(14,185
)
Interest earnings
16,486
5,019
26,635
9,228
Loss on international trade
(1,954
)
(489
)
(1,798
)
(623
)
Other expense, web
(368
)
(977
)
(244
)
(498
)
Total different earnings (expense), web
13,583
(3,837
)
22,738
(6,078
)
Loss earlier than earnings taxes
(43,931
)
(63,476
)
(90,745
)
(124,905
)
Provision for earnings taxes
(5,327
)
(2,938
)
(3,535
)
(2,125
)
Net loss
$
(49,258
)
$
(66,414
)
$
(94,280
)
$
(127,030
)
Net loss per share attributable to Rocket Lab Corporation:
Basic and diluted
$
(0.08
)
$
(0.13
)
$
(0.15
)
$
(0.25
)
Weighted-average frequent shares excellent:
Basic and diluted
629,681,803
515,086,631
617,625,210
510,376,584
ROCKET LAB CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2026 AND DECEMBER 31, 2025 (unaudited; in 1000’s, besides share and per share values)
June 30, 2026
December 31, 2025
Assets
Current property:
Cash and money equivalents
$
2,129,485
$
828,660
Marketable securities, present
172,700
187,917
Accounts receivable, web
112,889
39,001
Contract property
94,245
61,606
Inventories
266,931
158,407
Prepaids and different present property
119,509
89,953
Total present property
2,895,759
1,365,544
Non-current property:
Property, plant and tools, web
393,946
319,473
Intangible property, web
320,415
224,746
Goodwill
299,072
205,750
Right-of-use property – working leases
113,690
90,371
Right-of-use property – finance leases
12,349
13,895
Marketable securities, non-current
85,405
82,247
Restricted money
8,413
4,885
Deferred earnings tax property, web
1,057
1,895
Other non-current property
57,268
15,672
Total property
$
4,187,374
$
2,324,478
Liabilities and Stockholders’ Equity
Current liabilities:
Trade payables
$
74,512
$
72,699
Accrued bills
44,206
19,299
Employee advantages payable
29,118
25,803
Contract liabilities
351,193
195,438
Other present liabilities
29,167
21,237
Total present liabilities
528,196
334,476
Non-current liabilities:
Convertible senior notes, web
13,129
152,395
Long-term borrowings, web
1,716
1,716
Non-current working lease liabilities
104,378
85,191
Non-current finance lease liabilities
14,468
14,653
Deferred earnings tax liabilities
10,146
1,241
Other non-current liabilities
23,188
12,952
Total liabilities
695,221
602,624
COMMITMENTS AND CONTINGENCIES
Stockholders’ fairness:
Preferred inventory, $0.0001 par worth; licensed shares: 100,000,000; issued and excellent shares: 40,951,250 and 45,951,250 at June 30, 2026 and December 31, 2025, respectively
4
5
Common inventory, $0.0001 par worth; licensed shares: 2,500,000,000; issued shares: 639,131,688 and 589,525,802 at June 30, 2026 and December 31, 2025, respectively; excellent shares: 598,180,438 and 543,574,552 at June 30, 2026 and December 31, 2025, respectively
60
54
Treasury inventory, at price; shares: 40,951,250 and 45,951,250 at June 30, 2026 and December 31, 2025, respectively
—
—
Additional paid-in capital
4,606,854
2,735,669
Accumulated deficit
(1,106,190
)
(1,011,910
)
Accumulated different complete loss
(8,575
)
(1,964
)
Total stockholders’ fairness
3,492,153
1,721,854
Total liabilities and stockholders’ fairness
$
4,187,374
$
2,324,478
ROCKET LAB CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2026 AND 2025 (unaudited; in 1000’s)
For the Six Months Ended June 30,
2026
2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss
$
(94,280
)
$
(127,030
)
Adjustments to reconcile web loss to web money used in working actions:
Depreciation and amortization
35,933
17,465
Stock-based compensation expense
47,677
37,167
(Gain) loss on disposal of property
(403
)
1,503
Lower of price or market stock valuation adjustment
5,802
—
Amortization of debt issuance prices and low cost
179
1,691
Noncash lease expense
5,629
3,565
Change in the truthful worth of contingent consideration
386
—
Accretion of marketable securities bought at a reduction
(873
)
(1,099
)
Deferred earnings taxes
1,409
1,454
Changes in working property and liabilities:
Accounts receivable, web
(63,023
)
(25,317
)
Contract property
(30,057
)
11,193
Inventories
(73,331
)
(11,513
)
Prepaids and different present property
(6,881
)
(18,037
)
Other non-current property
(40,337
)
11,879
Trade payables
(3,124
)
11,149
Accrued bills
8,963
4,024
Employee advantages payables
(3,375
)
3,289
Contract liabilities
78,835
7,217
Other present liabilities
2,788
98
Non-current lease liabilities
(6,467
)
(6,547
)
Other non-current liabilities
143
382
Net money used in working actions
(134,407
)
(77,467
)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, tools and software program
(53,112
)
(60,719
)
Proceeds on disposal of property
715
144
Cash paid for enterprise combos, web of acquired money
(44,271
)
—
Purchases of marketable securities
(149,519
)
(128,325
)
Maturities of marketable securities
161,579
149,495
Sale of marketable securities
—
3,383
Net money used in investing actions
(84,608
)
(36,022
)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from ATM Equity Offerings
1,529,639
396,647
Issuance prices associated to ATM Equity Offerings
(16,722
)
(9,496
)
Proceeds from the train of inventory choices
1,278
379
Proceeds from Employee Stock Purchase Plan
8,792
4,836
Proceeds from sale of workers restricted inventory items to cowl taxes
151,719
40,715
Minimum tax withholding paid on behalf of workers for restricted inventory items
(151,154
)
(40,421
)
Proceeds from secured time period loans
—
25,000
Repayments on secured time period mortgage
—
(11,208
)
Payment of debt issuance prices
—
(278
)
Finance lease principal funds
(149
)
(126
)
Net money supplied by financing actions
1,523,403
406,048
Effect of trade price adjustments on money and money equivalents
(35
)
1,127
Net improve in money and money equivalents and restricted money
1,304,353
293,686
Cash and money equivalents, and restricted money, starting of interval
833,545
275,302
Cash and money equivalents, and restricted money, finish of interval
$
2,137,898
$
568,988
ROCKET LAB CORPORATION AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2026 AND 2025 (unaudited; in 1000’s)
The tables supplied beneath reconcile the non-GAAP monetary measures Adjusted EBITDA, Non-GAAP gross revenue, Non-GAAP analysis and growth, web, Non-GAAP promoting, common and administrative, Non-GAAP working bills, Non-GAAP working loss and Non-GAAP whole different earnings (expense), web with essentially the most straight comparable GAAP monetary measures. See above for added info on the usage of these non-GAAP monetary measures.
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
NET LOSS
$
(49,258
)
$
(66,414
)
$
(94,280
)
$
(127,030
)
Depreciation
10,172
5,882
17,686
11,571
Amortization
10,771
2,876
18,247
5,894
Stock-based compensation expense
19,561
17,933
47,677
37,167
Transaction prices
8,576
5,008
10,244
6,386
Interest expense
581
7,390
1,855
14,185
Interest earnings
(16,486
)
(5,019
)
(26,635
)
(9,228
)
Change in truthful worth of contingent consideration
199
—
386
—
Amortization of stock step-up
183
—
183
—
Provision for earnings taxes
5,327
2,938
3,535
2,125
Loss on international trade
1,954
489
1,798
623
Accretion of marketable securities and money equivalents bought at a reduction
(419
)
(672
)
(877
)
(1,257
)
Loss (achieve) on disposal of property
6
1,490
(403
)
1,503
Employee retention credit score
—
515
—
515
ADJUSTED EBITDA
$
(8,833
)
$
(27,584
)
$
(20,584
)
$
(57,546
)
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
GAAP Gross revenue
$
84,576
$
46,388
$
161,069
$
81,635
Stock-based compensation
5,090
4,892
8,596
8,812
Amortization of bought intangibles and favorable lease
7,184
1,823
13,278
3,646
Amortization of stock step-up
183
—
183
—
Employee retention credit score
—
278
—
278
Non-GAAP Gross revenue
$
97,033
$
53,381
$
183,126
$
94,371
Non-GAAP Gross margin
41.5
%
36.9
%
42.2
%
35.3
%
GAAP Research and growth, web
$
82,429
$
66,134
$
162,942
$
121,243
Stock-based compensation
(6,934
)
(5,573
)
(12,780
)
(10,467
)
Amortization of bought intangibles and favorable lease
—
(164
)
—
(329
)
Employee retention credit score
—
(88
)
—
(88
)
Non-GAAP Research and growth, web
$
75,495
$
60,309
$
150,162
$
110,359
GAAP Selling, common and administrative
$
59,661
$
39,893
$
111,610
$
79,219
Stock-based compensation
(7,537
)
(7,468
)
(26,301
)
(17,888
)
Amortization of bought intangibles and favorable lease
(3,302
)
(628
)
(4,407
)
(1,404
)
Transaction prices
(8,576
)
(5,008
)
(10,244
)
(6,386
)
Employee retention credit score
—
(149
)
—
(149
)
Non-GAAP Selling, common and administrative
$
40,246
$
26,640
$
70,658
$
53,392
GAAP Operating bills
$
142,090
$
106,027
$
274,552
$
200,462
Stock-based compensation
(14,471
)
(13,041
)
(39,081
)
(28,355
)
Amortization of bought intangibles and favorable lease
(3,302
)
(792
)
(4,407
)
(1,733
)
Transaction prices
(8,576
)
(5,008
)
(10,244
)
(6,386
)
Employee retention credit score
—
(237
)
—
(237
)
Non-GAAP Operating bills
$
115,741
$
86,949
$
220,820
$
163,751
GAAP Operating loss
$
(57,514
)
$
(59,639
)
$
(113,483
)
$
(118,827
)
Total non-GAAP changes
38,806
26,071
75,789
49,447
Non-GAAP Operating loss
$
(18,708
)
$
(33,568
)
$
(37,694
)
$
(69,380
)
GAAP Total different earnings (expense), web
$
13,583
$
(3,837
)
$
22,738
$
(6,078
)
Loss on international trade
1,954
489
1,798
623
Loss (achieve) on disposal of property
6
1,490
(403
)
1,503
Change in truthful worth of contingent consideration
