FINHUB Insights

SPCX · Q2 FY26 · Apr 1 – Jun 30, 2026

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

SpaceX Q2 FY26: revenue $7.8B (+92% year over year). Net profit $-0.5B. Largest cohort Connectivity $4.3B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2026
Reported
Aug 4, 2026 10-Q
Sankey diagram of SpaceX's income statement for Q2 FY26: revenue of $7.81 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

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

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%+18pp
Filing on EDGAR More quarters of SPCX

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.