Virgin Galactic Holdings, Inc.: Beat — EPS -$0.39, Revenue $427K
Earnings BeatQ3 2026 · After-market
Did Virgin Galactic Holdings, Inc. (SPCE) beat earnings today?
Yes, Virgin Galactic Holdings, Inc. (SPCE) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+17.02% surprise
-$0.39Actual
Expected: -$0.47
vs. year ago +64.2%
Total Revenue+28.23% surprise
$0.43MActual
Expected: $0.33M
vs. year ago +17.0%
Released Nov 12 · 4:05 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $427.00K | $365.00K | 17.0 |
| Basic and diluted EPS | $(0.39) | $(1.09) | - |
| Net loss | $(58,756)K | $(64,417)K | 8.8 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook |
|---|---|
| Guidance | |
| Free cash flow | $(80)M-$(90)M |
Q4 2026 Outlook
- Free cash flow
- Guidance$(80)M-$(90)M
Business Highlights
- ➤Spaceship Apeiron arrived at Spaceport America, shifting focus to operational readiness.
- ➤First Apeiron glide flight is expected in January.
- ➤First commercial spaceflight is expected in early Q2 2027.
- ➤Second spaceship is expected to begin commercial service in late Q2/early Q3 2027.
- ➤Planned high-cadence launch hangar and fueling infrastructure opening is in 2H 2028.
- ➤New infrastructure is expected to support 150 spaceflights per year by end-2028.
- ➤More than 100 astronauts began preparations for upcoming spaceflights.
- ➤Limited Spaceflight Expedition bookings opened at $850,000 per seat.
- ➤Completed construction of the rocket motor production facility in Arizona.
- ➤Final occupancy approval for the rocket motor production facility remains pending.
- ➤Preparations for assembly-line production are underway.
Management Commentary
Michael Colglazier, Chief Executive Officer of Virgin Galactic
“Spaceship Apeiron’s arrival at Spaceport America shifts our focus towards operational readiness, as we now prepare for flight test and the launch of commercial spaceflight. With our second spaceship on track to join Apeiron and Eve in late Q2/early Q3 2027, we have initiated near-term growth projects expected to increase capacity from this initial fleet to a rate of 150 spaceflights per year by the end of 2028.”