SpaceX Q2 FY2026: revenue up 92.0%, net loss narrows to $541 million
SpaceX's second quarter was a real step up in scale: revenue of $7.81 billion, up 92.0% from $4.07 billion a year ago, gross margin of 55.3% versus 43.9%, and a net loss of $541 million that is roughly half of last year's. The catch is cash: quarterly capex of $18.37 billion topped revenue. Read it as a business growing fast while spending faster, and the view is Neutral.
1 · Expected vs. Actual
Free preview belowThe GAAP loss per share was $0.09, narrowing from $0.34 a year ago and beating the consensus estimate of a $0.2635 loss. There is no non-GAAP EPS figure to compare against, so the GAAP number is the only per-share scorecard on offer. A narrower loss is still a loss.
Revenue of $7.81 billion rose 92.0% from $4.07 billion a year ago, and all three reported segments grew. Connectivity was the largest at $4.29 billion, AI jumped to $2.56 billion from $737 million, and Space came in at $962 million. The mix matters: the fastest growth came from the newest, least proven business.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-24
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