Rocket Lab Stock Tumbles After Earnings. Weak Margin Guidance Sparks Selloff
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Rocket Lab (NASDAQ:RKLB) shares came under pressure after the space technology company reported quarterly results that highlighted strong revenue growth but disappointed Wall Street on earnings and its profitability outlook. The company posted a loss of $0.
Combined with deals signed since Q2 closed, Rocket Lab has already booked more than $1 billion in new launch and space systems contracts, the firm said.
Shares of the SpaceX rival have risen nearly 80% over the past year on higher revenue and a growing backlog of orders.
Revenue beats expectations as acquisition costs weigh on profitIridium Communications Inc. (NASDAQ:IRDM) reported second-quarter 2026 results on Wednesday that topped revenue expectations but fell short on earnings, as costs related to its pending acquisition by Rocket Lab weighed on profitability.