Rocket Lab Set to Release Q4 Earnings Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 26 2026
0mins
Should l Buy RKLB?
Source: Benzinga
- Earnings Expectations: Wall Street anticipates Rocket Lab will report Q4 revenue of $178 million, up from $132 million year-over-year, marking a potential third consecutive quarterly revenue record, while a net loss of 9 cents per share is expected, narrowing from a 10-cent loss in the prior year.
- Defense Expansion: The company is expanding its defense and national security operations, participating in the Pentagon's SHIELD missile defense initiative and conducting additional hypersonic testing missions for the U.S. Defense Innovation Unit, indicating a strategic focus on defense contracts.
- Analyst Ratings: The stock carries a Buy rating with an average price target of $64.00; recent analyst upgrades include Goldman Sachs raising its target to $69.00 and Morgan Stanley to $105.00, reflecting strong market confidence in Rocket Lab's future performance.
- Stock Performance: Despite a 280% increase over the past year, Rocket Lab shares are currently trading below their 20-day and 100-day simple moving averages, indicating short-term weakness, which investors should monitor closely ahead of the upcoming earnings report.
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Analyst Views on RKLB
Wall Street analysts forecast RKLB stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 67.730
Low
63.00
Averages
86.89
High
120.00
Current: 67.730
Low
63.00
Averages
86.89
High
120.00
About RKLB
Rocket Lab Corporation is an end-to-end space company. The Company designs and manufactures small and medium-class rockets, spacecraft and spacecraft components, and related software and services to support the space economy. The Company delivers reliable launch services, satellite manufacture, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions that make it easier to access space. Its Launch Services segment provides launch and launch-related services to customers on a dedicated mission or ride-share basis. Its Space Systems segment comprises the design and manufacture of spacecraft components and spacecraft program management services, space data applications, and mission operations. Its space systems solutions are the building blocks for spacecraft, which include composite structures, reaction wheels, star trackers, solar solutions, radios, separation systems, and command and control spacecraft software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rocket Lab Poised for Growth in Space Economy
- Massive Market Potential: Analysts at McKinsey & Company project the global space economy could reach $1.8 trillion by 2035, driven by rising demand for satellite transport, internet connectivity, and tourism, presenting Rocket Lab with significant growth opportunities as a smaller player.
- Strong Business Growth: Rocket Lab's fourth-quarter revenue rose 38% year-over-year to $180 million, successfully completing seven Electron launches with a 100% success rate, instilling strong confidence among clients in both public and private sectors and showcasing robust business momentum.
- Technical Differentiation Advantage: Rocket Lab's Electron platform can carry payloads of 300 kg to low Earth orbit, and while smaller than SpaceX's Starship (150 tons) and Blue Origin's New Glenn (45 tons), its speed and flexibility provide a unique market position for smaller clients.
- Future Development Outlook: Rocket Lab plans to launch its new rocket platform Neutron in Q4 this year, with a payload capacity of 8,000 kg, over 25 times that of Electron; despite multiple delays, a successful launch could significantly enhance the company's growth potential.
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- Market Leadership: SpaceX dominates the global satellite launch market, with its Falcon 9 rocket achieving 633 launches, showcasing reliability and cost-effectiveness, thereby solidifying its market share.
- Starlink Revenue Growth: SpaceX's Starlink satellite internet service is projected to generate approximately $11.8 billion in revenue by 2025, indicating that this figure may only scratch the surface of its potential, highlighting its importance in future markets.
- Technological Integration Advantage: SpaceX's acquisition of Elon Musk's AI startup, xAI, combined with the potential of harnessing solar energy in space, could lead to breakthroughs in power demand and technological innovation, enhancing the company's overall competitiveness.
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- Significant Contract Backlog: Rocket Lab's contract backlog reached $1.85 billion, a 73% year-over-year increase, including an $816 million contract with the U.S. Space Development Agency, enhancing the predictability of future revenues.
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- Stock Buyback Plan: Fluor plans to execute a $1.4 billion stock buyback in 2026, funded by the sale of its NuScale Power shares, which is expected to further enhance shareholder value and improve market confidence.
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- Innovative Technology: SpaceX's Starship is the first fully reusable spacecraft designed to carry humans to the moon, Mars, and beyond, capable of transporting 150 metric tonnes of cargo, with plans to establish a self-sustaining city on Mars, showcasing its long-term strategic vision.
- Revenue Potential: SpaceX's Starlink satellite internet service is projected to generate approximately $11.8 billion in revenue by 2025, indicating strong profitability in a rapidly growing market and potentially becoming a major driver of future growth for the company.
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- Significant Contract Backlog: Rocket Lab's contract backlog has reached $1.85 billion, a 73% year-over-year increase, and it recently signed an $816 million contract for missile-warning satellites, enhancing its competitive position in the space industry.
- Fluor's Strong Financials: Fluor is expected to generate $15.5 billion in revenue by 2025, with a backlog of $25.5 billion, of which 81% are reimbursable contracts, reducing company risk and enhancing financial stability.
- Share Buyback Plan: Fluor plans to execute a $1.4 billion share buyback in 2026, funded by the sale of NuScale Power shares, demonstrating the company's confidence in future growth.
See More
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- Significant Revenue Growth: Rocket Lab reported full-year 2025 revenue of $602 million, a 38% increase year-over-year, with Q4 revenue reaching $180 million, exceeding market expectations and demonstrating strong performance in the aerospace sector.
- Increased Contract Orders: The company secured over $1 billion in defense contracts, including an $816 million prime contract for missile-warning satellites, enhancing its position in the defense market and providing revenue assurance for the future.
- Acquisition of Mynaric: Rocket Lab received regulatory approval from Germany to acquire Mynaric, with the deal expected to close this month, which will provide high-bandwidth data links for satellites and strengthen its product offerings in the European market.
- Vertical Integration Advantage: By integrating operations from launch to spacecraft production, Rocket Lab increased its gross margins to 38% and achieved $199 million in launch services revenue in 2025, showcasing its competitive edge within the aerospace value chain.
See More
Rocket Lab Poised for Growth in Space Economy
- Massive Market Potential: Analysts at McKinsey & Company project the global space economy could reach $1.8 trillion by 2035, driven by rising demand for satellite transport, internet connectivity, and tourism, presenting Rocket Lab with significant growth opportunities as a smaller player.
- Strong Business Growth: Rocket Lab's fourth-quarter revenue rose 38% year-over-year to $180 million, successfully completing seven Electron launches with a 100% success rate, instilling strong confidence among clients in both public and private sectors and showcasing robust business momentum.
- Technical Differentiation Advantage: Rocket Lab's Electron platform can carry payloads of 300 kg to low Earth orbit, and while smaller than SpaceX's Starship (150 tons) and Blue Origin's New Glenn (45 tons), its speed and flexibility provide a unique market position for smaller clients.
- Future Development Outlook: Rocket Lab plans to launch its new rocket platform Neutron in Q4 this year, with a payload capacity of 8,000 kg, over 25 times that of Electron; despite multiple delays, a successful launch could significantly enhance the company's growth potential.
See More
SpaceX Set for IPO, Poised to Disrupt Space Industry
- IPO Valuation Potential: SpaceX is preparing for an initial public offering (IPO) that could value the company at up to $1.5 trillion, positioning it as the world's most valuable private company and drawing significant investor interest.
- Market Leadership: SpaceX dominates the global satellite launch market, with its Falcon 9 rocket achieving 633 launches, showcasing reliability and cost-effectiveness, thereby solidifying its market share.
- Starlink Revenue Growth: SpaceX's Starlink satellite internet service is projected to generate approximately $11.8 billion in revenue by 2025, indicating that this figure may only scratch the surface of its potential, highlighting its importance in future markets.
- Technological Integration Advantage: SpaceX's acquisition of Elon Musk's AI startup, xAI, combined with the potential of harnessing solar energy in space, could lead to breakthroughs in power demand and technological innovation, enhancing the company's overall competitiveness.
See More
Rocket Lab and Fluor Corp. Financial Highlights
- Rocket Lab Revenue Growth: In 2025, Rocket Lab reported revenue of $602 million and completed 21 launches, demonstrating its competitiveness in the end-to-end space sector, with projections indicating revenue could rise to $880 million in 2026, further solidifying its market position.
- Significant Contract Backlog: Rocket Lab's contract backlog reached $1.85 billion, a 73% year-over-year increase, including an $816 million contract with the U.S. Space Development Agency, enhancing the predictability of future revenues.
- Fluor's Financial Stability: In 2025, Fluor achieved revenue of $15.5 billion with a backlog of $25.5 billion, of which 81% consists of reimbursable contracts, significantly reducing revenue risk and improving financial stability.
- Stock Buyback Plan: Fluor plans to execute a $1.4 billion stock buyback in 2026, funded by the sale of its NuScale Power shares, which is expected to further enhance shareholder value and improve market confidence.
See More
SpaceX IPO Could Be a Once-in-a-Generation Investment Opportunity
- Market Leadership: SpaceX is currently the world's most valuable private company, with a potential valuation of $1.5 trillion, having achieved 633 launches with its Falcon 9 rocket, which is known for its cost-effectiveness and reliability, solidifying its dominance in the satellite launch market.
- Innovative Technology: SpaceX's Starship is the first fully reusable spacecraft designed to carry humans to the moon, Mars, and beyond, capable of transporting 150 metric tonnes of cargo, with plans to establish a self-sustaining city on Mars, showcasing its long-term strategic vision.
- Revenue Potential: SpaceX's Starlink satellite internet service is projected to generate approximately $11.8 billion in revenue by 2025, indicating strong profitability in a rapidly growing market and potentially becoming a major driver of future growth for the company.
- AI and Energy Integration: SpaceX's acquisition of Elon Musk's AI startup xAI aims to harness solar energy in space to power AI data centers, which could enhance SpaceX's competitive edge in energy utilization and technology integration.
See More
Investment Opportunities in Rocket Lab and Fluor
- Rocket Lab Financial Growth: Rocket Lab reported full-year revenue of $602 million in 2022 with 21 launches completed, and is projected to reach $880 million in revenue by 2026, achieving profitability by early 2027, indicating strong market demand and growth potential.
- Significant Contract Backlog: Rocket Lab's contract backlog has reached $1.85 billion, a 73% year-over-year increase, and it recently signed an $816 million contract for missile-warning satellites, enhancing its competitive position in the space industry.
- Fluor's Strong Financials: Fluor is expected to generate $15.5 billion in revenue by 2025, with a backlog of $25.5 billion, of which 81% are reimbursable contracts, reducing company risk and enhancing financial stability.
- Share Buyback Plan: Fluor plans to execute a $1.4 billion share buyback in 2026, funded by the sale of NuScale Power shares, demonstrating the company's confidence in future growth.
See More
Rocket Lab Reports 38% Revenue Growth in 2025
- Significant Revenue Growth: Rocket Lab reported full-year 2025 revenue of $602 million, a 38% increase year-over-year, with Q4 revenue reaching $180 million, exceeding market expectations and demonstrating strong performance in the aerospace sector.
- Increased Contract Orders: The company secured over $1 billion in defense contracts, including an $816 million prime contract for missile-warning satellites, enhancing its position in the defense market and providing revenue assurance for the future.
- Acquisition of Mynaric: Rocket Lab received regulatory approval from Germany to acquire Mynaric, with the deal expected to close this month, which will provide high-bandwidth data links for satellites and strengthen its product offerings in the European market.
- Vertical Integration Advantage: By integrating operations from launch to spacecraft production, Rocket Lab increased its gross margins to 38% and achieved $199 million in launch services revenue in 2025, showcasing its competitive edge within the aerospace value chain.
See More
