Rocket Lab Reports Q3 2026 Revenue Growth and Significant Backlog Expansion
Rocket Lab (RKLB) reported strong third-quarter 2026 financial results, with revenue reaching $267.8 million, a 73% increase year-over-year that exceeded previous guidance. The company saw massive growth in its Space Systems segment, which contributed $214.8 million to total revenue, driven by satellite platform scaling and recent strategic acquisitions. The company's backlog surged to $3.57 billion, a 52% sequential increase fueled by $1 billion in new launch contracts signed during the quarter. While GAAP EPS showed a loss of $0.12 per share due to transaction costs, Rocket Lab achieved positive GAAP operating cash flow of $7.2 million and significantly improved its free cash flow position compared to the previous quarter.
Tickers: $RKLB
Topics: backlog increase cash flow gross margin revenue growth space technology