Rocket Lab Q2 Revenue Beats, Record $2.36B Backlog, but Stock Drops 4% on Mixed Results
RKLB has more than doubled off its 52-week low of $37.57 on light trading volume (0.2× avg).
Summary
Rocket Lab's Q2 revenue surged 62% YoY to $234.1M, beating estimates, but EPS missed by a penny. The company guided Q3 revenue well above consensus at $250M-$265M, with an adjusted EBITDA loss of $17M-$23M. A record $2.36B backlog and $437M in new launch contracts signed in the quarter underscore strong demand. Despite the beat and raised guidance, shares fell 4.1% to $76.74, likely pressured by the Neutron rocket delay confirmed yesterday. New wins include a dedicated Neutron mission for Kepler Communications in 2028 and international expansion into Germany. The market is weighing near-term execution risks against a rapidly growing launch manifest.
At the time of this announcement, RKLB was trading at $79.86 on NASDAQ in the Technology sector, with a market capitalization of approximately $47.8B. The 52-week trading range was $37.57 to $151.00. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Benzinga.