US Stock Market Move | Q1 revenue surged 64%, Rocket Lab (RKLB.US) soared over 23% in early trading.

On Friday, Rocket Lab (RKLB.US) surged more than 23% in early trading, nearing a new high for the year, now trading at $96.79. On the news front, Rocket Lab's latest financial report on May 7th showed that in the first quarter of 2026, the company's revenue reached $2.003 billion, a 63.5% year-on-year increase, surpassing analysts' expectations of $1.896 billion. The GAAP gross profit margin hit a historical high of 38.2%. The loss per share narrowed from 12 cents in the same period last year to 7 cents, with continuous improvement in profit quality. At the same time, the company announced several major commercial developments on the day of the financial report release: the largest launch contract ever signed with a confidential customer, collaboration with Raytheon on the "Golden Dome" space-based interceptor project, a $30 million supersonic test flight agreement with Anduril Industries, and plans to acquire Motiv Space Systems from Siasun Robot & Automation. The company's total order backlog increased by 20.2% compared to the previous quarter, reaching $22 billion, well above the market's expectations of $19.9 billion.