Rocket Lab posts record Q1 revenue of $200.3M and guides Q2 to $225M-$240M

Rocket Lab reported first-quarter 2026 revenue of $200.3 million, up 63.5% from $122.6 million a year earlier, with a record GAAP gross margin of 38.2%. The net loss was $45.0 million, or $0.07 per share, and adjusted EBITDA was a loss of $11.8 million. Backlog reached $2.2 billion, and the company guided second-quarter revenue to $225 million to $240 million.

• Revenue $200.3M, up 63.5% year over year; beat the $185M to $200M guidance range
• Record GAAP gross margin of 38.2%
• Net loss $45.0M, or $(0.07) per share; adjusted EBITDA loss of $11.8M
• Q2 2026 revenue guidance $225M to $240M
• Backlog $2.2B, up 20.2% from the prior quarter

SEC filing 8-K · accession 0001819994-26-000027 · sec.gov ↗