Hollow SnO2@Co3O4 spheres are fabricated using 300 nm spherical SiO2 particles as template. Then three-dimensional graphene foams encapsulated hollow SnO2@Co3O4 spheres are successfully obtained through self-assembly in hydrothermal process from graphene oxide nanosheets and metal oxide hollow spheres. The three-dimensional graphene foams encapsulated architectures could greatly improve the capacity, cycling stability and rate capability of hollow SnO2@Co3O4 spheres electrodes due to the highly conductive networks and flexible buffering matrix. The three-dimensional graphene foams encapsulated hollow SnO2@Co3O4 spheres are promising electrode materials for supercapacitors and lithium-ion batteries.