Rocket Lab reports Q2 2026 revenue of $200.3 million, up 63.5% year-over-year, with backlog surging to $2.2 billion.
Rocket Lab (NASDAQ: RKLB) shares climbed in early August after reporting record Q2 2026 revenue of $200.3 million, a 63.5% year-over-year increase. The company’s gross margin reached 38.2%, a significant improvement for its launch business.
The firm’s contracted backlog rose to $2.2 billion, up 108% from a year earlier, driven by 31 new Electron and Haste launches in Q1. The backlog includes over 70 missions, with a third expected to convert to revenue within 12 months.
Shares surged roughly 40% since late March, trading in the low 80s as of early August, reflecting investor confidence in the company’s growth trajectory.