Why Virgin Galactic (SPCE) Stock Crashed 12% After Earnings
TLDR
- SPCE stock dropped 11.82% in after-hours trading to $2.91 after Q2 results
- Revenue of $134,000 missed the $1.06 million analyst forecast by 87%
- First commercial spaceflight pushed back to February 2027 from late 2026
- Loss per share of $0.50 was narrower than the $0.65 consensus estimate
- Bookings are oversubscribed with over 700 astronaut community members signed up
Virgin Galactic (SPCE) stock dropped 11.82% in after-hours trading to $2.91 on August 12 after the company reported Q2 2026 earnings that included a major revenue miss and a delayed commercial launch timeline.
Virgin Galactic Holdings, Inc., SPCE
Revenue came in at just $134,000, falling well short of the $1.06 million analyst forecast. That is an 87% miss, and a 67% decline year-over-year. Investors were not impressed.
On the brighter side, the adjusted loss per share came in at $0.50, beating the $0.65 consensus estimate. Cost discipline is clearly improving.
๐จ $SPCE (Virgin Galactic) Q2 2026 Earnings
Demand oversubscribedโฆ
but commercial delay + cash burn are the real story ๐
๐ KEY METRICS (Q2 2026)
๐น Revenue: $0.1M (vs $0.4M prior year)
๐น Net Loss: $56M (improved from $67M) ๐ข
๐น Adjusted EBITDA: $(52)M (flat YoY)โฆโฆ Continue reading the full article at the original source below.
