Tesla reported Q2 2026 total revenue of $28.24 billion and GAAP net income attributable to common stockholders of $1.114 billion. The company generated GAAP operating income of $398 million and adjusted diluted EPS (non‑GAAP) of $0.33 for the quarter. Cash, cash equivalents and short-term investments totaled $43.5 billion at quarter-end.
Financial Highlights
- Total revenues: $28,236 million for Q2 2026 (up 26% year-over-year).
- Gross profit: $4,751 million; GAAP gross margin: 16.8%.
- Income from operations (GAAP): $398 million; operating margin: 1.4%.
- Net income attributable to common stockholders (GAAP): $1,114 million; diluted GAAP EPS: $0.32.
- Net income attributable to common stockholders (non-GAAP): $1,153 million; diluted non-GAAP EPS: $0.33.
Business Highlights
- Record second-quarter vehicle deliveries, with total deliveries of 480,126 vehicles in Q2 2026 (25% YoY growth).
- Energy Storage deployments grew; storage deployed reached 13.5 GWh in the quarter and Megafactory Shanghai achieved record deployments on a trailing twelve-month basis.
- Cybercab began production at Gigafactory Texas and engineering test drives and on‑campus rides commenced as precursors to Robotaxi fleet deployment.
- Robotaxi service expanded in the U.S., with unsupervised operation live in multiple metros and rollout in Florida cities in July; fleet operations and city preparations continued across other metros.
- Investments and capacity buildout advanced: Megafactory Texas nearing completion, Cortex AI training compute expanded in Texas (Cortex 1 and Cortex 2 online), and progress on battery cell and semiconductor manufacturing sites including 4680 cell production and Austin fab procurement.
Original SEC Filing:
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