Today marks a significant milestone for SpaceX, as the company is set to report its first financial results as a publicly traded company. This highly anticipated earnings call is expected to take place shortly after the market close, and investors are eagerly awaiting the release of the company’s Q2 2026 results.
The stakes are high for SpaceX, with its stock price plummeting from an all-time high of over $225 per share to its current price of around $117. Investors and analysts will be closely watching the company’s financials, particularly its revenue and earnings per share (EPS). According to LSEG analysts, SpaceX is expected to post total revenue of $6.93 billion, with a negative EPS of 26 cents.
Comparing this to the company’s fiscal 2025 results, when it was still a private company, SpaceX generated total revenue of around $18.7 billion. However, this figure is before expenses are taken into account, and in total for its fiscal 2025, SpaceX had a net loss of around $4.9 billion.
Segmented Revenue: A Closer Look
Investors will not only be interested in SpaceX’s total revenue but also how the company’s different businesses are performing independently. The company separates its business operations into three main divisions: Space, Connectivity, and AI. In 2025, the Connectivity division accounted for the overwhelming majority of SpaceX’s revenues, at 61%. Space came in a distant second at 22%, and AI came third at 17%.
However, analysts expect this order to change for SpaceX’s first quarterly results, with the following revenues expected for the quarter:
- Connectivity: $3.83 billion
- AI: $2.18 billion
- Space: $835 million
Analysts will carefully watch for any surprises or upsets here, as these figures will provide valuable insights into the performance of each division.
Elon Musk’s Presence on Financial Calls
Another key aspect to watch out for is whether Elon Musk, SpaceX’s CEO, will be a fixture on financial calls. While a CEO may not always make an appearance on the company’s quarterly financial calls, Musk is widely expected to be the key speaker on this call, alongside SpaceX CFO Bret Johnsen.
Investors will likely wonder whether Musk will be a permanent fixture on quarterly financial calls going forward. If Tesla’s financial calls are any indication, Musk will indeed be present. However, confirmation on this will have to wait until the call takes place.
Q3 2026 Guidance: A Key Factor
Of course, the company’s Q2 results are only one part of the pie. Investors will also be keenly interested in the company’s forecast for its current third quarter. Even if SpaceX posts disappointing Q2 results, strong Q3 guidance could give SPCX investors a boost of confidence the stock sorely needs.
The biggest thing investors will be keeping an eye on is how SpaceX stock reacts after the company’s first quarterly results as a public company are released. Though markets will be closed, investors will still be trading the company’s shares after hours.
When and How to Listen to SpaceX’s First Financial Call
For those interested in tuning into SpaceX’s first financial call as a public company, the company’s earnings call is expected to begin at 4:30 pm ET today, August 4. The call can be listened to live on the SpaceX investor relations website.
As investors eagerly await the release of SpaceX’s Q2 2026 results, one thing is clear: this earnings call will be one to watch.
