Rocket Companies forecasts third-quarter adjusted revenue of $2.5 billion to $2.7 billion
Key Facts
Rocket Companies set a third-quarter 2026 adjusted revenue outlook of $2.5 billion to $2.7 billion in guidance issued alongside its second-quarter results. Before the results announcement, analysts had expected revenue of $2.59 billion and earnings per share of 14 cents, according to a report published by Investing.com citing Reuters. The report estimated revenue would rise 46% year over year but fall 6% from the previous quarter. The company had announced that third-quarter results would be released on October 29, 2026, with a call to discuss them the same day at 4:30 p.m. Eastern time. Until then, the $2.5 billion to $2.7 billion range remained the company’s prior guidance, while the actual results and whether they exceeded expectations could not be verified.
The company reported total net revenue of $2.784 billion in the second quarter of 2026, compared with $1.451 billion in the second quarter of 2025, according to an investor relations statement. Adjusted diluted earnings per share were $0.16 in the second quarter, versus $0.04 a year earlier. GAAP net income was about $229 million, up from $34 million in the comparable period. These figures provide context for comparing quarterly estimates, as net revenue and adjusted revenue are two different measures reported by the company. Closed mortgage loan origination volume was $39.2 billion in the second quarter, excluding correspondent loans, according to the same statement.
In another year-over-year comparison, Rocket reported net revenue of $1.605 billion and adjusted revenue of $1.783 billion in the third quarter of 2025. Results for the same period showed a GAAP net loss of $124 million. Analysts’ estimates for the third quarter of 2026, according to the report published via Investing.com, pointed to revenue of $2.59 billion and earnings per share of 14 cents. The report put the expected revenue increase at 46% year over year, alongside a 6% quarterly decline from the second quarter. Comparing these estimates with actual performance depends on the third-quarter results scheduled for release on October 29.
Chief Executive Varun Krishna said in the second-quarter results announcement that the company achieved record purchase and refinance market shares during the spring homebuying season. Krishna described the market as "one of the toughest housing markets in years." Against the backdrop of the market, the average rate on a 30-year fixed-rate mortgage was 7.32% in late October, according to a Reuters report published via Investing.com. Fannie Mae expected the rate to remain near 7.4% for the rest of 2026 and around 7.5% through 2027, according to the report. These indicators come as the market awaits the company’s quarterly results and discussion with investors.
RKT shares closed at $11.57 on October 28, 2026, according to EL7 data. The close came ahead of the scheduled release of third-quarter results the following day. Company leadership will hold a results discussion call on October 29 at 4:30 p.m. Eastern time, according to the investor relations announcement. The company announced the results release and call date in its third-quarter statement. The expected comparison centers on adjusted revenue within the company’s prior range, alongside analysts’ estimates for revenue and earnings per share.