Rocket Lab Corporation: Mixed — EPS -$0.12, Revenue $267.83M
Mixed ResultQ3 2026 · After-market
Did Rocket Lab Corporation (RKLB) beat earnings today?
It was a mixed report for Q3 2026 — Rocket Lab Corporation (RKLB) beat on revenue but missed on EPS.
Earnings Per Share-71.43% surprise
-$0.12Actual
Expected: -$0.07
vs. year ago -300.0%
Total Revenue+4.14% surprise
$267.83MActual
Expected: $257.18M
vs. year ago +73.0%
Released Nov 09 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Total revenues | $267.83M | $155.08M | +72.7% |
| Revenue detail — reported lines | |||
| └─Product revenues | $197.49M | $104.04M | +89.8% |
| └─Service revenues | $70.35M | $51.04M | +37.8% |
| Net loss | $(79.677)M | $(18.257)M | - |
| Basic and diluted | $(0.12) | $(0.03) | - |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Revenue | $270M-$290M | $265.42MBeat +5.49% |
| GAAP Gross Margins | 34%-36% | — |
| Non-GAAP Gross Margins | 39%-41% | — |
| GAAP Operating Expenses | $162M-$168M | — |
| Non-GAAP Operating Expenses | $136M-$142M | — |
| Interest Income net | $45M | — |
| Adjusted EBITDA loss | $14M-$20M | — |
| Basic Weighted Average Common Shares Outstanding | 681M, incl. ~41M Series A Convertible Participating Preferred Shares | — |
| Stock-based compensation | $17M-$19M | — |
Q4 2026 Outlook
- Revenue
- Guidance$270M-$290MExpected$265.42MBeat +5.49%
- GAAP Gross Margins
- Guidance34%-36%Expected—
- Non-GAAP Gross Margins
- Guidance39%-41%Expected—
- GAAP Operating Expenses
- Guidance$162M-$168MExpected—
- Non-GAAP Operating Expenses
- Guidance$136M-$142MExpected—
- Interest Income net
- Guidance$45MExpected—
- Adjusted EBITDA loss
- Guidance$14M-$20MExpected—
- Basic Weighted Average Common Shares Outstanding
- Guidance681M, incl. ~41M Series A Convertible Participating Preferred SharesExpected—
- Stock-based compensation
- Guidance$17M-$19MExpected—
Business Highlights
- ➤Signed approximately $1B of new launch contracts across Electron, HASTE, and Neutron.
- ➤Launch backlog reached 117 launches, a new company record.
- ➤Secured over $515M in Neutron contracts from constellation operators.
- ➤Neutron backlog grew to 16 missions ahead of its debut.
- ➤Advanced Neutron first-flight hardware through assembly, integration, testing, and delivery milestones.
- ➤Successfully launched 12 Rocket Lab-built spacecraft now operating in orbit.
- ➤Deployed eight Globalstar direct-to-device constellation satellite platforms.
- ➤Launched twin NASA Mars science spacecraft and the USSF VICTUS HAZE mission.
- ➤More than 55 spacecraft are in development and build across production complexes.
- ➤Fully funded the pending Iridium Communications acquisition through an ATM equity offering.
- ➤Received Iridium lender approval to maintain its credit facility following the transaction.
- ➤Obtained overwhelming Iridium shareholder approval for the pending acquisition.
Management Commentary
Sir Peter Beck, Founder and CEO
“Q3 2026 was a defining quarter for Rocket Lab. We delivered a record $268 million in revenue ($34 million higher than Q2 2026) alongside a record backlog which has grown to $3.57 billion. Nearly $1 billion of that backlog comes from new launch contracts, signed in Q3 2026 alone, as well as $470 million signed for Space Systems. Our end-to-end space strategy is delivering exactly as designed: the world's most critical and ambitious missions increasingly rely on Rocket Lab for launch, spacecraft, and components, sometimes all on a single mission, and every part of our business is growing as a result.”