Rocket Lab Reports Q3 Revenue Beat and Significant Backlog Growth Despite EPS Miss
Rocket Lab USA reported third-quarter financial results characterized by a significant revenue beat and substantial year-over-year growth. The company generated $267.8 million in revenue, representing a 72.7% increase compared to the same period last year, surpassing analyst expectations by $10.62 million. Despite the top-line strength, Rocket Lab reported a GAAP EPS of -$0.12, missing consensus estimates by $0.05. However, the company highlighted strong operational momentum with a record backlog of approximately $3.6 billion—a 52% increase since the end of Q2—and achieved positive GAAP operating cash flow.
Tickers: $RKLB
Topics: backlog growth cash flow earnings miss revenue beat
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Part of the story Rocket Lab Reports 73% Year-Over-Year Revenue Growth and $3.57 Billion Backlog (5 articles)