SPCX · PEAD → 5

SpaceX / Starlink reported Q3 2026 EPS of $0.35 on 2026-10-20, beating the $0.10 consensus by $0.25 (+250.0%).

Print-day reaction was essentially flat at −0.11% versus the prior close, a notable non-event given a 250% EPS beat. The overnight gap to T+1 open surged +8.6%, suggesting the market absorbed the beat in after-hours trading. Day 1-to-3 drift then reversed sharply, falling −7.4% from T+1 close to T+3 close, fully unwinding the overnight enthusiasm. Cumulative abnormal return of +0.53% versus SPY.US sits well within the neutral band, producing a PEAD verdict of none; the holding window runs through 2027-01-15.