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Rocket Lab Beats Q3, Lifts Outlook as Margins Hit Record

Management sees higher fourth-quarter revenue on a growing launch backlog.

Overview

  • Third-quarter revenue reached $155.05 million with a loss of $0.03 per share, topping estimates alongside a record 37% GAAP gross margin.
  • Guidance calls for $170 million to $180 million in fourth-quarter revenue with an adjusted EBITDA loss of $23 million to $29 million.
  • The company secured 17 new Electron launch contracts and highlighted a record launch backlog, with a new annual launch tally expected within days.
  • Neutron is slated to arrive at Launch Complex 3 in the first quarter of 2026, with its first launch planned thereafter.
  • Rocket Lab reported $807.88 million in cash, after-hours shares climbed on the results, and coverage reported completion of the $325 million Geost acquisition.