Rocket Lab Corporation (RKLB) Down 17.7% Since Last Earnings Report: Can It Rebound?

Rocket Lab (RKLB) stock has declined 17.7% since its last earnings report in September 2026, underperforming the S&P 500. Despite the stock decline, the company delivered better-than-expected Q2 2026 results with a narrower loss, 62% year-over-year revenue growth to $234.1 million, and record backlog of $2.36 billion. The company raised Q3 guidance and ended the quarter with $2.4 billion in total liquidity. Analysts have raised estimates by 21.43% and assigned the stock a Zacks Rank #2 (Buy) rating, suggesting potential for above-average returns despite poor VGM scores.