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Q3 adjusted EPS of $2.50 beat ests by ~5% and the industrial group raised its full-year guidance, with shares jumping more than 5%

Q4 FY26 results were stellar, with sales up 379% YoY to $54.2B and operating margins exceeding 80%. This brought total FY26 revenue to a whopping $133.2 billion, which represents an increase of 256% YoY.

Outlook:

2. Expected Revenue & Growth (Q1 FY2027)

• Consensus Revenue Forecast: ~$61.74 billion
• Prior Year Q1 (FY2026): ~$13.64 billion
• Expected YoY Revenue Growth: ~350%+

(Reflects massive top-line expansion fueled by high-bandwidth memory / HBM and enterprise AI server DRAM adoption).

3. Expected Profit & Earnings Growth (Q1 FY2027)

• Consensus Adjusted EPS: ~$37.90 to $38.21 per share
• Prior Year Q1 (FY2026) EPS: $4.78 per share
• Expected YoY Profit/EPS Growth: ~690% to 700%

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.

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%.

Q3 2026 Financial & Operational Highlights

• Revenue: Reached $3.05 billion, up 22% year-over-year and ahead of the expected $2.91 billion.
• EPS of $3.00 per share.
• Repurchased 7.8 million shares ($2.94 billion) during the quarter; cash and investments stood at approximately $6.8 billion.
• Worldwide procedures (da Vinci and Ion combined) grew approximately 15% compared with the third quarter of 2025. Da Vinci procedures grew approximately 14%, and Ion procedures grew approximately 31%.

Third quarter 2026

• Sales of $25.0 billion, up 11 percent versus prior year, and up 12 percent organically*
• GAAP EPS of $1.89, including $0.26 of acquisition accounting adjustments and $0.11 of restructuring and other net significant and/or non-recurring items
• Adjusted EPS* of $2.26, up $0.56, or 33 percent, versus prior year, including $0.25 from IEEPA cost recovery
• Operating cash flow of $2.9 billion, including approximately $0.3 billion from IEEPA recovery; free cash flow* of $2.1 billion
• Company backlog of $340 billion, including $176 billion of commercial and $164 billion of defense
• Awarded Tomahawk and AMRAAM multi-year undefinitized production contracts in the third quarter

Updates outlook for full year 2026

• Adjusted sales* of $97.0 – $97.5 billion, up from $95.0 – $96.0 billion
• Organic sales growth* of 10 to 11 percent, up from 8 to 9 percent
• Adjusted EPS* of $7.65 – $7.75, up from $7.10 – $7.25
• Free cash flow* of $9.0 – $9.2 billion, up from $8.50 – $8.75 billion

Q3 is expected to show 37% sequential and 336% annual revenue growth, with analysts projecting $6.25 adjusted EPS on $74.6B revenue.

Outlook:

Q3 should deliver around $6.25 EPS, on around $75B in revenue, annual growth of 336%, up from around $17.1B. .

1. Upcoming Earnings Date

• Next Earnings Release: October 28, 2026 (9:00 AM KST) / October 27, 2026 (US ET).
• Period: FY2026 Third Quarter (Q3).

2. Expected Revenue & Growth

• Consensus Q3 Revenue Forecast:
• ~₩99.7 Trillion – ₩100.6 Trillion KRW (equivalent to approximately $74.6 Billion USD).
• Expected Revenue Growth:
• Year-over-Year (YoY): ~+300% to +330% (up from ₩24.45 Trillion KRW in Q3 2025).
• Quarter-over-Quarter (QoQ): ~+26% to +27% sequential expansion over Q2 2026 (₩79.32T KRW).

3. Expected Profit / Earnings Growth

• Consensus Q3 EPS Estimate:
• ~$6.12 – $6.25 USD per ADR (analyst consensus ranges).
• Expected Profit Growth:
• Year-over-Year (YoY): ~+370% to +390% YoY (compared to $1.25 EPS reported in Q3 2025).
• Profitability continues to be propelled by strong demand and pricing power across high-bandwidth memory (HBM3E / HBM4) and enterprise server DRAM/NAND.