Filing Flows › Technology › Space Exploration Technologies (SPCX)
Space Exploration Technologies (SPCX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 22, 2026 · Space Exploration Technologies (SPCX) Q3 2026 earnings results →
Q3 2026 Revenue up 161% year over year to $14.6B · 30¢ of every $1 of revenue kept as net profit · operating margin 19.1%
Space Exploration Technologies made $14.6B in Q3 2026 (+161% Y/Y): SI $7.6B, Connectivity $5.2B, Space $1.8B. Operating margin 19.1%, net earnings $4.4B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 22, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $14.6B in Q3 2026, up 161% year over year and up 87% from the previous quarter. SI was the largest line at 52% of revenue. SI added $6.7B year over year (up 830%), 75% of the total change.
Operating profit was $2.8B, a 19.1% margin (up 24.0 points year over year). Total costs grew 101% against revenue growth of 161%. The fastest-growing cost line was SG&A (+197%). Net earnings were $4.4B. The effective tax rate was -9.7%. Non-operating items added $1.2B, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $9.6B (up 156% year over year), 219% of net earnings. Non-cash charges added back $3.6B of depreciation and amortization and $2.4B of share-based compensation. Working capital and other items used $0.78B. Capital expenditures of $19.6B exceeded it, leaving free cash flow of −$10.0B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 22, 2026 | $14.6B | +161% | 19.1% | $4.4B | $9.6B |
| Q2 2026 | 10-Q | Aug 4, 2026 | $7.8B | +92% | -1.8% | −$541M | — |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Space Exploration Technologies
Space Exploration Technologies Corp. and its wholly owned subsidiaries, collectively referred to as the “Company” or “SpaceX,” operate three segments – (i) the Space segment designs, manufactures, and launches reusable rockets to provide high cadence, reliable, and affordable access to space at unprecedented scale, (ii) the Connectivity segment operates a worldwide high-speed, low-latency broadband network powered by thousands of Starlink satellites in Low-Earth Orbit, delivering connectivity to millions of consumer, enterprise, and government customers through our Starlink offering, and (iii) the AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok, AI solutions for consumer and enterprise customers, X — a real-time information, entertainment, and free speech platform — and AI computational infrastructure.
In its own words, from its 10-Q, filed Aug 4, 2026.
Space Exploration Technologies against its Services-Computer Programming, Data Processing, Etc. peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +161% against the peers' median +14%. Operating margin: 19.1% against the peers' median 19.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| SPCX Space Exploration Technologies | Q3 2026 | $14.6B | +161% | 19.1% |
| GOOGL Alphabet | Q3 2026 | $127.6B | +25% | 31.8% |
| META Meta Platforms | Q3 2026 | $64.6B | +26% | 20.1% |
| FLUT Flutter Entertainment | Q3 2026 | $3.9B | +2% | -30.7% |
| APP AppLovin | Q3 2026 | $2.2B | +56% | 78.2% |
| SNAP Snap | Q3 2026 | $1.7B | +14% | 4.5% |
| ZM Zoom Communications | Q2 FY27 | $1.3B | +5% | 24.6% |
| PINS Pinterest | Q3 2026 | $1.2B | +12% | 2.6% |
| NIQ NIQ Global Intelligence | Q2 2026 | $1.1B | +8% | 5.8% |
Source: Space Exploration Technologies 10-Q on SEC EDGAR · CIK 1181412 · Services-Computer Programming, Data Processing, Etc.
Guidance and outlook
13F: who owns SPCX and who is buying
More on SPCX
- How Space Exploration Technologies makes money: revenue by segment
- Space Exploration Technologies stock forecast, price target and fair value
- Who owns Space Exploration Technologies stock: holders, funds and Congress trades
- Space Exploration Technologies guidance and outlook
- Space Exploration Technologies recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results