Rocket Lab USA Inc

Rocket Lab USA Inc

RKLB

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Market Cap$39.48B
Close$

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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Rocket Lab USA IncRocket Lab USA Inc-246.3--20%-0.2

Earnings Call Q2 2026

August 10, 2026 - AI Summary

Strong Q2 growth + bookings momentum (good/surprising) - Record $234m Q2 revenue, +62% YoY and +16.8% sequentially, exceeding/within prior guidance. - Big demand push: since end of Q2 they signed $437m+ bookings across Electron, HASTE, Neutron (including $266m Space Force contract for up to 18 suborbital missions). - Backlog $2.36bn end of Q2; also $581m+ Space Systems contracts signed in Q2 + after quarter; $1bn+ new contracts in total launch + Space Systems since quarter end. - Record launch cadence/backlog: 26 new launches added post-quarter; backlog rises to 90+ launches (highest in history).
Space Systems acceleration (good) - Space Systems delivered $189.5m Q2 revenue (+38.6% sequentially), driven by satellite manufacturing scale and initial Mynaric contribution. - Contract wins highlighted: - $397m Flatellite contract to build/launch multiple Flatellite spacecraft for the Space Force (space-based AT-MT/targeting type mission). - $160m+ for three GEO satellites (two for SDA/space domain awareness incl. integration of Heimdall payload from recently acquired GEOST). - Vertical integration signal: VICTUS HAZE performance was record-setting across rocket + satellite + rapid commissioning/orbit ops.
Neutron progress + scale ramp focus, but execution risk remains (good + challenge) - Neutron development moving into “final checkout” for flight hardware; engine testing: 400+ hot fires and ongoing durability/restart cycles at Stennis. - Management emphasis: not just “first launch,” but achieving rapid cadence—explicitly targeting a 1-3-5 ramp concept and making sure qualification doesn’t reset for later flights. - Timing / roadmap expectation: Neutron delivery to pad in Q4 2026 (window narrowing), with a stated objective to de-risk Flight 1 while planning for Flight 10 cadence. - Demand confidence: new dedicated Space Force Neutron slot + commercial booking for Kepler Communications (first time booking a full rocket rather than rideshare).

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$102.22

Target Price by Analysts

85% upsideRocket Lab USA Target Price DetailsTarget Price
$-33.49

Current Fair Value

160.6% downside

Overvalued by 160.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$39.48 Billion
Enterprise Value$39.17 Billion
Dividend Yield$- (-)
Earnings per Share$-0.37
Beta2.61
Outstanding Shares629,681,803

Return

Return on Equity-20.19%ROE
Return on Assets-13.74%
Return on Invested Capital-16.36%

Valuation & Multiples

P/E Ratio-246.33P/E Ratio
PEG-PEG
Price to Sales-Price to Sales
Price to Book Ratio55.25Price to Book Ratio
Enterprise Value to Revenue185.62
Enterprise Value to EBIT-289.68
Enterprise Value to Net Income-289
Total Debt to Enterprise0
Debt to Equity0.23Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
August 10, 2026
EPS Estimate
$-0.06
Average shareholder expectation
Revenue Estimate
$231.62 M
Average shareholder expectation

Next Earnings Call

Expected Date
November 9, 2026
EPS Estimate
$-0.02
Average shareholder expectation
Revenue Estimate
$257.17 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 52.33%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.25%▼ 53.45%
Total Invested$110.46M▼ 99.67%
Investors Holding46▼ 1173.00%

ESG Score

No data

About Rocket Lab USA Inc

2,021 employees

Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, spacecraft components, satellites and other spacecraft and on-orbit management solutions...