Tesla Q2 2026 Revenue Beats Estimates, EPS Misses
Tesla reported Q2 2026 revenue of $28.24B, beating the $26.32B estimate, but adjusted EPS of $0.33 missed the $0.51 consensus. Gross margin came in at 16.8%, below the 19.4% forecast.
Tesla's Q2 2026 earnings results showed a mixed picture. Revenue reached $28.24 billion, surpassing the $26.32 billion estimate, while adjusted earnings per share of $0.33 fell short of the $0.51 consensus. The company's gross margin was 16.8%, lower than the expected 19.4%.
Automotive revenue was $20.52 billion (est. $18.68B), services and other revenue hit $4.58 billion (est. $3.72B), and energy generation and storage contributed $3.14 billion (est. $3.77B). Active FSD subscriptions totaled 1.48 million, slightly above the 1.40 million estimate. Free cash flow was negative $1.09 billion, though better than the -$3.64 billion forecast.
The data reflects a strong top line but pressure on profitability metrics.
Source: First Squawk