OpenNashEarnings

Automotive · Nasdaq: TSLA

Tesla earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 27 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Tesla's Q3 2026 total quarterly revenue was roughly flat YoY at $28.0B, with $0.7B GAAP operating income, $0.8B GAAP net income and $1.7B non-GAAP net income.

Tesla's third-quarter revenue was roughly flat from a year ago at $28.0B. Deliveries were 486,532, down 2% year over year. Services and other revenue and automotive margins improved, but energy revenue fell. Heavy spending on super intelligence, robotics and R&D pushed operating expenses to 4,776 million (from 3,430 million a year earlier). GAAP operating income was $0.7B and GAAP net income $0.8B. Operating cash flow was $6.3B and free cash flow $1.5B.

Read the Q3 2026 summary →

Quarters

KPI history

Revenue$28.0B−0.2% y/yQ3 2026
Q4 2024: $25.7B (worked out from the annual figure)Q4 ’24$25.7BQ1 2025: $19.3BQ1 ’25$19.3BQ2 2025: $22.5BQ2 ’25$22.5BQ3 2025: $28.1BQ3 ’25$28.1BQ4 2025: $24.9B (worked out from the annual figure)Q4 ’25$24.9BQ1 2026: $22.4BQ1 ’26$22.4BQ2 2026: $28.2BQ2 ’26$28.2BQ3 2026: $28.0BQ3 ’26$28.0B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$25.7B *
Q1 2025$19.3B
Q2 2025$22.5B
Q3 2025$28.1B
Q4 2025$24.9B *
Q1 2026$22.4B
Q2 2026$28.2B
Q3 2026$28.0B
Diluted EPS (GAAP)$0.22−43.6% y/yQ3 2026
Q1 2025: $0.12Q1 ’25$0.12Q2 2025: $0.33Q2 ’25$0.33Q3 2025: $0.39Q3 ’25$0.39Q1 2026: $0.13Q1 ’26$0.13Q2 2026: $0.32Q2 ’26$0.32Q3 2026: $0.22Q3 ’26$0.22
Data
Q1 2025$0.12
Q2 2025$0.33
Q3 2025$0.39
Q1 2026$0.13
Q2 2026$0.32
Q3 2026$0.22

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin2.6%−3.2 pts y/yQ3 2026
Q4 2024: 6.2%Q4 ’246.2%Q1 2025: 2.1%Q1 ’252.1%Q2 2025: 4.1%Q2 ’254.1%Q3 2025: 5.8%Q3 ’255.8%Q4 2025: 5.7%Q4 ’255.7%Q1 2026: 4.2%Q1 ’264.2%Q2 2026: 1.4%Q2 ’261.4%Q3 2026: 2.6%Q3 ’262.6%
Data
Q4 20246.2%
Q1 20252.1%
Q2 20254.1%
Q3 20255.8%
Q4 20255.7%
Q1 20264.2%
Q2 20261.4%
Q3 20262.6%
Free cash flow$1.5B−61.6% y/yQ3 2026
Q4 2024: $2.0BQ4 ’24$2.0BQ1 2025: $664.0MQ1 ’25$664.0MQ2 2025: $146.0MQ2 ’25$146.0MQ3 2025: $4.0BQ3 ’25$4.0BQ4 2025: $1.4BQ4 ’25$1.4BQ1 2026: $1.4BQ1 ’26$1.4BQ2 2026: -$1.1BQ2 ’26-$1.1BQ3 2026: $1.5BQ3 ’26$1.5B
Data
Q4 2024$2.0B
Q1 2025$664.0M
Q2 2025$146.0M
Q3 2025$4.0B
Q4 2025$1.4B
Q1 2026$1.4B
Q2 2026-$1.1B
Q3 2026$1.5B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$25.7Bd$19.3B$22.5B$28.1B$24.9Bd$22.4B$28.2B$28.0B
Gross margin16.3%16.3%17.2%18.0%20.1%21.1%16.8%19.6%
Operating income$1.6Bd$399.0M$923.0M$1.6B$1.4Bd$941.0M$398.0M$718.0M
Operating margin6.2%2.1%4.1%5.8%5.7%4.2%1.4%2.6%
Net income$2.1Bd$409.0M$1.2B$1.4B$840.0Md$477.0M$1.1B$787.0M
Diluted EPS—$0.12$0.33$0.39—$0.13$0.32$0.22
Operating cash flow$4.8Bd$2.2B$2.5Bd$6.2Bd$3.8Bd$3.9B$4.7Bd$6.3Bd
Capital expenditure$2.8Bd$1.5B$2.4Bd$2.2Bd$2.4Bd$2.5B$5.8Bd$4.7Bd
Free cash flow$2.0B$664.0M$146.0M$4.0B$1.4B$1.4B-$1.1B$1.5B
R&D expense$1.3Bd$1.4B$1.6B$1.6B$1.8Bd$1.9B$2.4B$2.8B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings