Rocket Companies Posts Blowout Q2: Revenue Nearly Doubles to $2.78B, Market Share Hits Record
RKT is trading near its 52-week low of $12.17 (3.9% above the low).
Summary
Rocket Companies reported Q2 2026 revenue of $2.78 billion, nearly double the prior year, with record market share and its highest profitability in four years. The company also issued strong Q3 guidance.
Key Events · Earnings and Guidance · RKT
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Revenue Nearly Doubles
Total revenue, net reached $2.78 billion in Q2 2026, up from $1.45 billion a year ago, driven by record origination volumes and servicing income.
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Record Profitability
Adjusted EBITDA of $766 million was the highest in four years; GAAP net income was $229 million, a sharp turnaround from near breakeven a year ago.
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Market Share Gains
Purchase market share rose to 6.2% and refinance share to 14.3%, both quarterly records, reflecting the power of the Rocket ecosystem.
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Strong Q3 Outlook
The company guided for Q3 adjusted revenue between $2.5 billion and $2.7 billion, indicating continued momentum.
Analysis · RKT · Finance
Rocket Companies delivered a standout quarter, with revenue nearly doubling year-over-year to $2.78 billion and adjusted EBITDA reaching $766 million — the most profitable quarter in four years. In a tough housing market, the company captured record purchase and refinance market share, demonstrating the strength of its integrated platform. The results validate recent acquisitions and AI investments, and the Q3 guidance of $2.5–$2.7 billion in adjusted revenue suggests momentum is continuing. This is a clear positive signal for a stock trading near its 52-week low.
At the time of this filing, RKT was trading at $12.65 on NYSE in the Finance sector, with a market capitalization of approximately $37.4B. The 52-week trading range was $12.17 to $24.36. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.