Rocket Companies' first quarter 2026 revenue of $2.94B beat estimates, driven by strong origination volume.

Rocket Companies reported first quarter 2026 total revenue of $2.94 billion and GAAP diluted EPS of $0.10. Adjusted revenue of $2.82 billion exceeded the high end of the company's guidance, while the company guided for second quarter adjusted revenue of $2.7 billion to $2.9 billion.

Key Highlights

• First quarter revenue of $2.94 billion surpassed analyst estimates of $2.74 billion, while GAAP EPS of $0.10 slightly missed expectations of $0.11.
• Total gain on sale margin was 2.74% on $44.7 billion in closed mortgage loan origination volume, narrowly missing the 2.75% estimate.
• The company reported its new AI initiatives added an incremental $1 billion in monthly loan volume and now expects to realize $400 million in expense synergies a full year ahead of schedule.