Slide 1: Q1 2026 Investor Update
Q1 2026 INVESTOR UPDATE SIR PETER BECK Chief Executive Officer ADAM SPICE Chief Financial Officer a ROCKETLAB
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Forward Looking Statements This presentation may contain certain “forward~jooking statements’ within the mesning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as emended, and Section 2IE of the Securities Exchange Act o
Slide 3: End-to-End Space Technology
— O1 // TECHNOLOGY | END-TO-END SPACE TECHNOLOGY @ LAUNCH i HasTe NEUTRON | @® SPACECRAFT ELECTRON EXPLORER = LIGHTNING ® SUBSYSTEMS AND PAYLOADS ‘,J ms FY ge > SPACE SEPARATION OPTICAL OPTICAL ELECTRIC FLIGHT & GROUND STAR SOLAR SYSTEMS PAYLOADS COMMUNICATIONS PROPULSION SOFTWARE REACTION RADIOS TR
Slide 4: End-to-End Capability
| | — 02 // CAPABILITY END-TO-END CAPABILITY B SPACE SYSTEMS + Tactically responsive launch + Constellation deployment and replenishment Communication and connectivity + Missile warning, tracking, and Astrophysics, heliophysics, Earth and planetary science cf Dedicated small satellite launch + Subor
Slide 5: End-to-End Execution
| | — 03 // EXECUTION END-TO-END EXECUTION B® NATSEC & DEFENSE g CIVIL & COMMERCIAL + Golden Dome Space-Based Interceptor + Artemis |, II, and II + Direct-To-Device Constellations + National Security Space Launch + ISS Commercial Resupply Missions + Earth Observation Constellations + PWSA - Tranche
Slide 6: Overview: Highlights Q1 2026
B OVERVIEW HIGHLIGHTS Q1 2026 RECORD REVENU $200.3M Revenue in Q12026 up 63.5% YoY vs Q1 2025. RECORD GAAP GROSS MARGIN Q1 2026 GAAP Gross Margin of 38.2% and Non-GAAP Gross Margin of 43%. RECORD BACKLOG $2.2B+ At end of Q12026. A YoY 108% and 20.2% increase from Q4 2025. RECORD LAUNCH CONTRACTS 31
Slide 7: Electron & HASTE
SECTION ©) 1 ELECTRON S HASTE
Slide 8: Electron & HASTE: Record Quarter
® ELECTRON S&S HASTE RECORD QUARTER 31 NEW LAUNCHES BOOKED Q1 2026 SUCCESSFUL LAUNCHES YEAR TO DATE. 8 Anticipate beating last year's launch record of 21 missions. 70+ LAUNCHES IN BACKLOG. Highest in Rocket Lab history. Expected to be the fastest rate in commercial launch history. 100" LAUNCH ON TRA
Slide 9: Record HASTE Contract with Dept of War
CTRON & HASTE HYPERSONICS TEST SUPREMACY: RECORD HASTE ONTRACT WITH DEPT OF WAR 20x LAUNCH CONTRACT Largest order yet within MACH- $190m MACH-TB 2.0 order TB program, demonstrating the in Ql cements HASTE as Pentagon's confidence in and defense & test category reliance on HASTE. leader for the DoW.
Slide 10: Rocket Lab & Anduril Partner on Responsive HASTE Launches
ELECTRON S&S HASTE ROCKET LAB & ANDURIL PARTNER ON RESPONSIVE HASTE LAUNCHES Rocket Lab and Anduril are teaming up to deliver new hypersonic capabilities for U.S. national security: TN * 3xHASTE launch contract signed & ANDURIL 2” * First direct commercial partner for HASTE ROCKETLUAS * Launching wi
Slide 11: Space Systems
SECTION Ox SPACE SYSTEMS
Slide 12: Golden Dome: Rocket Lab Selected for Space Based Interceptor
@ SPACE SYSTEMS GOLDEN DOME: ROCKET LAB SE FOR SP heon and Rocket Lab have been elected to demonstrate advanced capabilities for the U.S. Space advance development of Force's Space Based Interceptor effective solutions for this urgent program. The program is an security need. important step in stren
Slide 13: New Acquisition: Robotics and Space Mechanisms
SPACE SYSTEMS — NEW ACQUISITION: ert ROBOTICS AND SPACE MECHANISMS LA SPACE-PROVEN ROBOTICS HIGH-VALUE SPACE MECHANISMS Bringing solar array drive assemblies (SADAs) and other precision mechanisms in-house. Strengthens Rocket Lab’s vertical integration to: * Reduce costs. Adding Mars-proven robotics
Slide 14: Introducing Gauss
®@ SPACE SYSTEMS INTRODUCING GAUSS In-house developed electric propulsion system tailored for high-volume production. Electric propulsion 200+ unit production thrusters have long been line already established. difficult to source in high- volume, causing supply Enhancing end-to-end chain issues for
Slide 15: Space Systems Execution: Our Latest Products
® END-TO-END SPACE SPACE SYSTEMS EXECUTION: OUR LATEST PRODUCTS In just four months, we've added seven new high-value strategic products and capabilities through acquisitions and internal product development, deepening the bench of our vertically integrated technology stack. Rocket Lab | C} NEW NEW
Slide 16: Rocket Lab Europe: Open for Business
SPACE SYSTEMS ROCKET LAB EUROPE: OPEN FOR BUSINESS Mynaric acquisition now closed, establishing Rocket Lab's first European footprint. Rocket Lab's access to What now: focused on scaling mynaric —D Mynaric’s laser optical Mynaric’s products to meet ROCKETLAB communication terminals adds national sec
Slide 17: Neutron
NEUTRON Z 0 Fk U Mm ul
Slide 18: Five Neutron Launches Signed
8 Rocket Lab |G B& NEUTRON FIVE NE LAUNCHES SIGNED Bulk order of 5x Neutron The Neutron deal includes Pricing for these launches dedicated launches through 3x Electron launches and aligns with average selling to 2029. brings our total manifest to price for Neutron and 70+ launches — the highest Elec
Slide 19: Stage One Tank Update
&@ NEUTRON STAGE ONE TANK UPDATE | Stage 1 tank components are coming off the AFP machine in preparation for assembly, integration and upcoming test campaign for flight one. Stage 1 tank currently tracking to an aggressive timeline that supports first launch this year. Rocket Lab | 1 2025 Francia Re
Slide 20: Stage Separation Testing
STAGE Ai SEPARATION TESTING Stage separation testing with Stage 2, 1 interstage, and fixed fairing test articles undemay. Releasing Stage 2 from inside Stage 1is an architecture unique to Neutron that supports the full reusability of the rocket's main structure and permanently attached Hungry Hippo
Slide 21: Interstage Qualification
@ NEUTRON INTERSTAGE QUALIFICATION Undergoing qualification testing, Neutron’s interstage is a key feature connecting the rocket’s upper module and reusable Hungry Hippo fairing with Stage 1 and Stage 2. The carbon composite interstage is being tested beyond maximum expected flight loads in line wit
Slide 22: Return On Investment Landing Barge
& NEUTRON Significant progress for the “Return On Investment” Neutron landing barge, with forward and aft deck houses installed. Power generation systems and thrusters are delivered, ready for installation. Parallel development of ROI will ensure Neutron enters swift reusability after first launch.
Slide 23: Advancing Toward First Launch
&@ NEUTRON ADVANCING TOWARD 1°" LAUNCH 2 Sir 2 STAGE 1 ENGINES THRUST STRUCTURE ‘STAGE 2 ENGINE STAGE 2 PAYLOAD SUPPORT STRUCTURE HUNGRY HIPPO Extensive testing underway Integration underway. Extensive testing underway Integration underway. Qualified, ready to ship to LC-3. Integration underway. tow
Slide 24: Financial Highlights and Outlook
SECTION FINANCIAL HIGHLIGHTS AND OUTLOOK
Slide 25: Review of Revenue and Gross Margins
B® FINANCIAL HIGHLIGHTS REVI EW OF REVEN UE AN D GRO Ss MARG | NS Revenue increase 63.5% or $77.8M year-on-year, driven by an increase in launches from 5 to 6 as well as growth in our Space Systems business, driven primarily by increased contribution from our SDA Tranche Il and Tranche Ill contracts
Slide 26: Review of Backlog
®@ FINANCIAL HIGHLIGHTS REVIEW OF BACKLOG $2.2 BILLION Q4'25 ENDING BACKLOG: $1.85B BACKLOG BY SEGMENT 26% BACKLOG BY CUSTOMER Q1'26 ENDING BACKLOG: $2.2B BACKLOG BY SEGMENT Sequential backlog increase of 20.2% quarter- over-quarter, or $372M, driven by significant bookings within our launch segment
Slide 27: Review of Operating Expenses
B® FINANCIAL HIGHLIGHTS REVIEW OF OPERATING EXPENSES QUARTER-ON-QUARTER GAAP & NON-GAAP OPERATING EXPENSES $132.5 $19.3 OM mGAAP R&D ($M) GAAP SG&A($M) Non-GAAP R&D($M) —_& Non-GAAP SG&A ($M) GAAP SG&A increased sequentially primarily due to a one-time RSU cancellation resulting in a large one-time
Slide 28: EPS, Non-GAAP Free Cash Flow, and Adjusted EBITDA
B® FINANCIAL HIGHLIGHTS EPS, NON-GAAP FREE CASH FLOW, AND AD) EBITDA GAAP EFS lose improved sequently primary due QUARTER-ON-QUARTER to increased revenue contribution, paired with increased gross profit. $1.48B in cash and cash equivalents, marketable securities and restricted cash, enables continue
Slide 29: Q2 2026 Outlook
FINANCIAL HIGHLIGHTS Q2 2026 OUTLOOK Q2 2026 REVENUE OUTLOOK Expect revenue to range between $225 million to $240 million. Expect year-over-year increases in both Space Systems and Launch revenue. Q2 2026 GAAP AND NON-GAAP GROSS MARGINS Expect GAAP gross margin to range between 33 - 35%, driven by w
Slide 30: Upcoming Investor Events
®@ GENERAL UPCOMING INVESTOR EVENTS ME eedham Needham Technology, Media & Consumer Conference (Virtual) May 14, 2026 Adam Spice Jefferies Jefferies 5th Annual Virtual Space Summit May 26, 2026 KeyBank Capital Markets Industrials & Basic Materials Conference May.28, 2026 STIFEL Cross Sector 1x1 Confe
Slide 31: Appendix
OSA
Slide 32: Thank You
THANK YOU rocketlabcorp.com ROCKETLAB