Rocket Lab Corporation (RKLB) has unveiled impressive third-quarter financial outcomes, outperforming market predictions for both its top and bottom lines. The company recorded an unprecedented quarterly revenue of $155.05 million, substantially reducing its per-share losses. This robust showing, fueled by a surge in Electron launch contracts, paints an optimistic picture for Rocket Lab's trajectory, with expectations of sustained expansion and the upcoming deployment of its advanced Neutron rocket.
In the recently concluded third quarter, Rocket Lab achieved a remarkable revenue of $155.05 million, surpassing the consensus forecast of $151.75 million. The space technology firm also reported a per-share loss of merely three cents, significantly better than the anticipated 11-cent loss. A key driver of this success was the securing of 17 Electron launch contracts during the quarter, signaling strong demand for its launch services. Company CEO Peter Beck highlighted these achievements, noting the record revenue and a 37% GAAP gross margin, and projected that the company is on track to establish a new annual launch record within days, aiming for over 20 launches by year-end.
Looking ahead, Rocket Lab has provided optimistic guidance for the fourth quarter, forecasting revenues between $170 million and $180 million, which is above analyst estimates of $171.80 million. Despite projecting an adjusted EBITDA loss of $23 million to $29 million for the quarter, the company's long-term prospects appear strong. A significant milestone on the horizon is the arrival of its new medium-lift reusable Neutron rocket at Launch Complex 3 in the first quarter of 2026, with its maiden flight anticipated shortly thereafter. This development, coupled with progress in space systems programs and a substantial backlog of launch service contracts, positions Rocket Lab for considerable long-term growth, particularly in alignment with next-generation defense initiatives.
The company's financial health is further bolstered by a strong cash position, ending the period with approximately $807.88 million in total cash and cash equivalents. This liquidity provides a solid foundation for future investments and operational expansion. Following the announcement, Rocket Lab's shares saw an 8.30% increase in after-hours trading, reaching $56.21, reflecting investor confidence in its strategic direction and promising outlook. The company's consistent performance and innovative projects like the Neutron rocket underscore its growing influence in the commercial space sector.
Rocket Lab's exceptional third-quarter financial outcomes, marked by record revenues and reduced losses, underscore its dominant position in the commercial space industry. With strategic contract acquisitions and the impending launch of the Neutron rocket, the company is well-prepared for continuous expansion and innovation.