Rocket Lab Corp is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Rocket Lab (RKLB) delivered strong Q1 FY2026 results with revenue surging 63.5% YoY to $200.3M and gross margin expanding nearly 10 percentage points to 38.2%, while a major equity raise dramatically strengthened the balance sheet with cash reaching $1.21B and long-term debt slashed 89.3%.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 63.5% YoY to $200.3M in Q1 FY2026, up from $122.6M in Q1 FY2025, reflecting significant scaling across Rocket Lab's launch and space systems segments. This marks a meaningful inflection in top-line growth for the company.
Gross profit more than doubled YoY (+117.0%) to $76.5M, pushing gross margin from 28.8% to 38.2% — a 9.4 percentage point improvement. This suggests better cost absorption and pricing power as launch cadence and systems revenue scale.
Operating loss improved modestly to -$56.0M from -$59.2M YoY (+5.4%), even as R&D expense surged 46.1% to $80.5M and SG&A rose 32.1% to $51.9M, indicating the company is investing aggressively in future capabilities while slowly closing the gap to profitability.
Revenue
$200.35M
++63.46% YoY
EPS (Basic)
$-0.07
++41.67% YoY
Gross Margin
38.2%
++9.42% YoY
Operating Income
$-55.97M
++5.44% YoY
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