Fintech mortgage provider Rocket Companies (NYSE: RKT) missed Wall Street’s revenue expectations in Q2 CY2026, but sales rose 94.5% year on year to $2.78 billion. Next quarter’s revenue guidance of $2.6 billion underwhelmed, coming in 10.1% below analysts’ estimates. Its non-GAAP profit of $0.16 per share was in line with analysts’ consensus estimates.
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Rocket Companies (RKT) Q2 CY2026 Highlights:
- Revenue: $2.78 billion vs analyst estimates of $2.84 billion (94.5% year-on-year growth, 1.9% miss)
- Adjusted EPS: $0.16 vs analyst estimates of $0.16 (in line)
- Revenue Guidance for Q3 CY2026 is $2.6 billion at the midpoint, below analyst estimates of $2.89 billion
- Market Capitalization: $39.22 billion
"Rocket reached record levels of purchase and refinance market share in one of the toughest spring housing markets in years, while delivering our most profitable quarter in four years," said Varun Krishna, CEO and Director of Rocket Companies.
Company Overview
Born in Detroit during the 1980s and evolving into a tech-driven financial powerhouse, Rocket Companies (NYSE: RKT) is a fintech company that provides digital mortgage lending, real estate services, and personal finance solutions through its technology platform.
Sales Growth
Two primary revenue streams drive bank earnings. While net interest income, which is earned by charging higher rates on loans than paid on deposits, forms the foundation, fee-based services across banking, credit, wealth management, and trading operations provide additional income. Rocket Companies’s demand was weak over the last five years as its revenue fell at a 9.4% annual rate. This was below our standards and is a tough starting point for our analysis.
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Rocket Companies’s annualized revenue growth of 49.2% over the last two years is above its five-year trend, suggesting its demand recently accelerated. 
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, Rocket Companies achieved a magnificent 94.5% year-on-year revenue growth rate, but its $2.78 billion of revenue fell short of Wall Street’s lofty estimates. Company management is currently guiding for a 45.8% year-on-year increase in sales next quarter.
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Key Takeaways from Rocket Companies’s Q2 Results
We struggled to find many positives in these results. Its EPS was in line and its revenue fell short of Wall Street’s estimates. Overall, this was a softer quarter. The stock traded down 9.5% to $12.04 immediately after reporting.
The latest quarter from Rocket Companies’s wasn’t that good. One earnings report doesn’t define a company’s quality, though, so let’s explore whether the stock is a buy at the current price. If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here (it’s free).
