NASDAQ$RKLB
Rocket Lab Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Rocket Lab's revenue increased significantly, driven by growth in the space systems business.
Rocket Lab announced record revenue of $55.5 million for the second quarter of 2022, representing a 36% sequential quarter-on-quarter growth and a 392% year-on-year quarterly revenue growth. The space systems business comprised 66% of the total revenue.
- Launched three successful Electron missions in Q2 2022.
- Successfully launched the CAPSTONE mission to the Moon for NASA.
- Signed a multi-launch contract with HawkEye 360 to launch 15 satellites across three Electron missions between late 2022 and 2024.
- Completed the first mid-air capture of an Electron booster with a helicopter, advancing the company’s rocket reusability program.
Headline financials
Revenue & EPS history
Rocket Lab · Revenue · Quarterly
$55.5M
Revenue by segment
Rocket Lab · $36.6M total across 1 segment · Q2 2022
- Space Systems (Product)$36.6M+900.3%100.0%
Forward guidance
Rocket Lab expects revenue between $60 million and $63 million for the third quarter of 2022.
Tailwinds
- Revenue between $60 million and $63 million
- Launch Services revenue of approximately $23 million
- Space Systems revenue of between $37 million to $40 million
- GAAP Gross Margins between 12% to 15%
- Non-GAAP Gross Margins between 22% to 25%
Headwinds
- GAAP Operating Expenses $41 million to $43 million
- Non-GAAP Operating Expenses $27 million to $29 million
- Expected Interest expenses (Income), net $2 million expense
- Adjusted EBITDA loss of $8 million to $12 million
- Basic Shares Outstanding 471 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.8%
Avg return
Earnings day
+2.6%
Avg return
5 days after
+3.2%
Avg return
30 days after
50%
11 / 22 earnings
Positive
+27.4%
Q3 2024
Best reaction
-11.2%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -7.2% | +38.6% | +30.0% | |
| Q4 2025 | +1.3% | -1.0% | -16.1% | |
| Q3 2025 | -6.8% | -12.3% | +22.4% | |
| Q2 2025 | +1.1% | -2.7% | +3.7% | |
| Q1 2025 | -11.2% | +4.5% | +25.2% | |
| Q4 2024 | +3.3% | +2.9% | -6.1% | |
| Q3 2024 | +27.4% | +28.6% | +52.8% | |
| Q2 2024 | +17.2% | +14.2% | +26.9% | |
| Q1 2024 | -0.7% | +2.8% | +11.0% | |
| Q4 2023 | +0.4% | -0.7% | -10.1% | |
| Q3 2023 | -4.9% | -3.8% | +6.7% | |
| Q2 2023 | -2.1% | -4.1% | -4.1% | |
| Q1 2023 | +7.0% | +7.0% | +37.1% | |
| Q4 2022 | -4.1% | -0.4% | -13.9% | |
| Q3 2022 | +3.9% | +1.0% | -21.7% | |
| Q2 2022 | +22.6% | +14.2% | -3.5% | |
| Q1 2022 | -3.4% | -19.3% | -26.1% | |
| Q2 2021 | -9.1% | -5.4% | -12.0% | |
| Q4 2021 | -3.7% | -11.1% | -14.3% | |
| Q3 2021 | +7.7% | +7.9% | -12.1% | |
| Q1 2021 | -1.0% | -0.2% | +3.1% | |
| Q4 2020 | +0.7% | -3.2% | -8.2% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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