SpaceX Q3 FY2026: revenue up 161.0%, net income $4.40 billion
SpaceX posted a breakout quarter on paper: revenue of $14.58 billion, up 161.0%, and net income of $4.40 billion against a $0.14 consensus EPS estimate. The catch sits below the profit line — capex of $19.59 billion pushed free cash flow to -$9.96 billion. Read the scorecard for the operating turn, then the balance sheet for how it was funded.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $0.35 beat the $0.14 consensus estimate and compares with a $0.36 loss a year ago. Net income of $4.40 billion leans on $1.03 billion of other income, $0.87 billion of interest income and a $0.39 billion tax benefit, while operating costs carry $1.22 billion of Cursor-related share-based compensation. The profit is real, but it is not a clean read on the core business.
Revenue of $14.58 billion rose 161.0% from $5.58 billion a year earlier and nearly doubled the $7.81 billion booked in Q2. Super Intelligence did most of the work, jumping to $7.56 billion from $0.81 billion, while Connectivity grew 69.0% to $5.25 billion. Space, the original business, grew just 6.0% to $1.77 billion.
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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 2026-10-23
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