SpaceX Beats Q3 2026 Earnings Expectations Driven by AI and Starlink Surge
SpaceX reported its third-quarter 2026 financial results, posting strong beats on both top and bottom lines.The company reported revenue of $14.58 billion, representing a 161% increase year-over-year and comfortably outperforming Wall Street expectations of $12.7–$12.9 billion.
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Adjusted earnings per share reached $0.35, beating analyst consensus estimates of $0.13 to $0.16.Net income surged to $4.4 billion—marking a significant turnaround from a $1.1 billion net loss in the prior-year period.
Key Segment Performance
- Super Intelligence (AI):Reached $7.56 billion in revenue (up 830% YoY), making it the company’s largest reporting segment.Growth was accelerated by expanded cloud service contracts, Grok usage, and the integration of Cursor.
- Connectivity (Starlink):Generated $5.25 billion in revenue (up 69% YoY) as total global subscribers reached 13.6 million.
- Space Operations:Contributed $1.77 billion, supported by launch operations and the first revenue-generating mission using Starship.
Balance Sheet & Outlook
SpaceX reported holding approximately $90 billion in cash and marketable securities alongside $19.6 billion in capital expenditures for the quarter, primarily directed toward AI infrastructure and compute expansion.Following the release, shares of SpaceX (SPCX) traded higher in after-hours sessions.
SpaceX Q3 revenue jumped to $14.58bn from $7.8bn in Q2, 15% ahead of ests, while EPS of $0.35 more than doubled the $0.15 expected for its first quarterly profit since listing.
Next Earnings Date
- Expected Date: Estimated between November 24, 2026 and December 1, 2026 (After Market Close).
- Reporting Period: First Quarter Fiscal 2027 (ended October 31, 2026).
Expected Revenue & Profit Growth
Q1 FY2027 (Upcoming Quarter)
Full Year Fiscal 2027 (FY27)
- Expected Total Revenue: $3.908B – $3.938B
- YoY Revenue Growth: 16.6% – 17.5%.
