The earnings call revealed a 161% year‑on‑year revenue jump and a $0.45 EPS, surpassing analyst expectations.
Revenue climbed to $14.58 billion, a 161% surge from $5.72 billion in Q3 2023, while net profit swung from a $1.05 billion loss last year to $4.4 billion this quarter.
Starlink grew its subscriber base to 13.6 million, up from 12 million, driving connectivity revenue to $5.25 billion, a 69% y/y rise that eclipsed the $4.84 billion consensus.
Super Intelligence, the AI arm, posted a nine‑fold jump to $7.56 billion revenue and a $431 million net profit, a stark turnaround from the $1.7 billion loss reported a year earlier.
CFO Bret Johnsen projected 2027 revenue of $33‑37 billion, far above the $22.2 billion average, while CEO Elon Musk floated a merger with Tesla, sparking speculation about a potential consolidation in the aerospace and automotive sectors.
Shares closed at $147.79, up 8% after hours, nudging the Nasdaq futures higher; analysts anticipate continued upside as the company expands its compute contracts.