# Rocket Lab's Q1 Smash: Stock Soars, Defense Contracts Secured

Page: https://stenobird.com/podcast/durham-news-today-2-min-news-the-daily-news-now-7569659/rocket-lab-s-q1-smash-stock-soars-defense-contracts-secured
Text version: https://stenobird.com/podcast/durham-news-today-2-min-news-the-daily-news-now-7569659/rocket-lab-s-q1-smash-stock-soars-defense-contracts-secured.md
Podcast: [Durham News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/durham-news-today-2-min-news-the-daily-news-now-7569659)
Published: 2026-05-12T17:10:20+00:00
Episode link: https://api.fastcast.ai/audio/b66fced1-3114-46b1-b26c-f9688d0a14d8.mp3
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Duration seconds: 116

## Resource

Rocket Labs Q1 2022 earnings report shattered expectations with a record-breaking $203 million in revenue, a 63.5% increase from last year. The companys backlog swelled to $2.2 billion, and gross margins soared to 38.2%. The stock surged 34% on May 7th, surpassing analyst targets. Analysts like Stephen Guilfoyle and TD Cowen raised their price targets, with Morgan Stanley upgrading to overweight at $105. By May 11th, shares reached an all-time high of $123.35, up 11% for the day. Rocket Lab secured significant defense contracts, including a spot on the Department of Wars Space-Based Interceptor program and deals with Anduril and Motiv Space Systems. The company projects Q2 revenue between $225 million and $240 million, with gross margins holding at 38-40%. The Neutron rockets debut later this year could unlock bigger payloads and contracts, but any delay could impact the current rally. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/f6fce2d26d895a24

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