Filing Flows › Rocket Lab (RKLB) › Q2 2026
Rocket Lab (RKLB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
Rocket Lab (RKLB) reported revenue of $234M for the second quarter 2026 (Q2 2026), +62% from a year earlier and +17% from the quarter before. Operating margin was -24.6%, net loss $49.3M (21.0% of revenue).
Rocket Lab, Q2 2026: revenue $234M (+62% year over year), operating margin -24.6%, net loss $49.3M, operating cash flow −$84.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $234M | +17% | +62% |
| Operating profit | −$57.5M | — | — |
| Net earnings | −$49.3M | — | — |
| Operating cash flow | −$84.1M | — | — |
What changed
Revenue was $234.1M in Q2 2026, up 62% year over year and up 17% from the previous quarter. Product revenues was the largest line at 77% of revenue. Product revenues added $88.6M year over year (up 96%), 99% of the total change.
Gross margin was 36.1%, up 4.0 points from Q2 2025. Operating costs exceeded revenue by $57.5M, an operating margin of -24.6%. Operating expenses grew 34% against revenue growth of 62%. The fastest-growing cost line was SG&A (+50%). The quarter ended with a net loss of $49.3M, wider than the previous quarter's $45.0M loss. Non-operating items added $13.6M, -31% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$84.1M. Non-cash charges added back $20.9M of depreciation and amortization and $19.6M of share-based compensation. Working capital and other items used $75.3M. Capital expenditures of $26.0M exceeded it, leaving free cash flow of −$110.1M.
Questions
What was Rocket Lab's revenue in the second quarter 2026?
Rocket Lab (RKLB) reported revenue of $234M for the second quarter 2026 (Q2 2026), +62% from a year earlier and +17% from the quarter before.
Was Rocket Lab profitable in the second quarter 2026?
Operating loss was $57.5M (-24.6% of revenue) and net loss $49.3M.
Source: Rocket Lab 10-Q on SEC EDGAR.