NASDAQ$RKLB
Rocket Lab Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Rocket Lab achieved record revenue with substantial year-on-year growth and made significant progress in Neutron development.
Rocket Lab reported a record revenue of $106 million for Q2 2024, a 71% increase year-on-year, driven by strong demand for launch services and space systems. The company also achieved a critical milestone in Neutron development with the first hot fire of the Archimedes engine.
- Achieved record revenue of $106 million, a 71% year-on-year increase.
- Successfully launched the 50th Electron mission, faster than any commercially developed rocket in history.
- Signed 17 new launch contracts year-to-date, including multi-launch deals and contracts with the Department of Defense.
- Completed production of two spacecraft for NASA’s ESCAPADE mission to Mars.
Headline financials
Revenue & EPS history
Rocket Lab · Revenue · Quarterly
$106M
Revenue by segment
Rocket Lab · $65M total across 2 segments · Q3 2023
- Space Systems (Product)$48.5M+42.6%74.6%
- Launch Services (Service)$16.5M-2.9%25.4%
Forward guidance
For the third quarter of 2024, Rocket Lab expects revenue between $100 million and $105 million, with Space Systems revenue between $79 million and $84 million, and Launch Services revenue of approximately $21 million.
Tailwinds
- Revenue between $100 million and $105 million.
- Space Systems revenue between $79 million and $84 million.
- Launch Services revenue of approximately $21 million.
- GAAP Gross Margins between 25% and 27%.
- Non-GAAP Gross Margins between 30% and 32%.
Headwinds
- GAAP Operating Expenses between $80 million and $82 million.
- Non-GAAP Operating Expenses between $69 million and $71 million.
- Expected Interest Expense (Income), net $1 million.
- Adjusted EBITDA loss of $31 million to $33 million.
- Basic Shares Outstanding of 498 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 2024
+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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