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Gotrade News - Rocket Lab (RKLB) reported record third-quarter 2026 revenue of $268 million on Monday, November 9, 2026, a 73% increase year-on-year, according to the company's official release. Its backlog reached approximately $3.6 billion, and it guided fourth-quarter revenue to between $270 million and $290 million.
Regular-session close on November 9, 2026, New York time. Prices and changes: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Market cap: that close times the shares outstanding on the latest 10-Q or 10-K cover (SEC EDGAR).
Rocket Lab Earnings Details
For the quarter ended September 30, 2026, founder and CEO Sir Peter Beck said Rocket Lab delivered a record $268 million in revenue, $34 million higher than Q2 2026. The company reported GAAP operating cash flow of $7.2 million. Its condensed statement of operations shows an operating loss of $79.189 million, compared with $58.969 million in the same quarter of 2025.
The company said its backlog grew 52% since the end of Q2 2026 to approximately $3.6 billion. It signed approximately $1 billion in new launch contracts across Electron, HASTE and Neutron, bringing its total launch backlog to 117 launches, and over $515 million in Neutron contracts from constellation operators, growing that rocket's backlog to 16 missions ahead of its debut.
For the fourth quarter of 2026, Rocket Lab expects revenue between $270 million and $290 million, GAAP gross margins between 34% and 36%, and an adjusted EBITDA loss of between $14 million and $20 million.
Why It Matters for RKLB
"Q3 2026 was a defining quarter for Rocket Lab," Beck said, adding that the company's end-to-end space strategy "is delivering exactly as designed." Rocket Lab said twelve spacecraft it built have launched to orbit and are now operating, and more than 55 spacecraft are in development and build.
The release also updates the pending acquisition of Iridium Communications. Rocket Lab said it fully funded the deal through a completed ATM equity offering, received approval from Iridium lenders to maintain Iridium's credit facility after the transaction, and obtained approval from Iridium shareholders. On Neutron, the company said first launch is now targeted for no earlier than 2027.
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
