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SpaceX Q2 FY26: where the revenue came from and where it went

The whole income statement of SpaceX for this quarter, as one diagram: what earned the revenue, and what it went on.

Period
Apr 1 – Jun 30, 2026
Reported
Aug 4, 2026 10-Q accession 0001628280-26-052535
Revenue$7.81B +92% year over year
Gross profit$4.32B 55% margin
Operating profit−$0.14B −2% margin
Net profit−$0.54B −7% margin
Sankey diagram of SpaceX's income statement for Q2 FY26: revenue of $7.81 billion splits into segments and flows out into costs, ending in a net loss.

Figures in billions of dollars.

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare of revenueYear over year
Revenue 7.81 100% +92%
Connectivity 4.29 55% +66%
AI 2.56 33% +247%
Space 0.96 12% +29%
Cost of revenue−3.5045%
Gross profit4.3255% margin+11pp
R&D−3.5545%−3pp
SG&A−0.9112%−3pp
Operating profit−0.14−2% margin+22pp
Interest & other costs−0.38
Net profit−0.54 −7% margin+18pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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