Tesla Q2 2026 Earnings Consensus: $27.6B Revenue, $0.36 GAAP EPS Expected
Analysts expect Tesla to report Q2 2026 revenue of $27.6 billion, GAAP net income of $1.29 billion, and GAAP EPS of $0.36, according to a company-compiled consensus of 23 analysts.
- $27,584M
- $0.36
- $0.55
- 1,728,925
What Happened
Tesla has released its Q2 2026 earnings consensus, compiled from 23 sell-side analysts. The estimates show average total revenues of $27,584 million, GAAP net income of $1,288 million, and GAAP EPS of $0.36. On a non-GAAP basis, analysts project EPS of $0.55. For the full year 2026, the consensus forecasts revenues of $105,221 million, GAAP net income of $4,537 million, and GAAP EPS of $1.25.
- Q2: $27,584M, FY: $105,221M
- Q2: $1,288M, FY: $4,537M
- Q2: $0.36, FY: $1.25
1,728,925vehicles
Average of 22 analyst estimates, including Model 3/Y and other models.
55.3GWh
Average of 18 analyst estimates.
The consensus also provides estimates for operating metrics: Q2 gross profit is expected at $5,378 million (19.5% margin), operating income at $1,503 million (5.4% margin), and free cash flow at -$3,254 million. For the full year, capital expenditures are projected at $25,319 million.
Previously from Tesla
Earlier in Q2, analysts projected Tesla would deliver 406,024 vehicles in Q2 2026, up from Q1's 358,023 deliveries. For Q1 2026, the consensus estimated revenue of $21.4B and GAAP EPS of $0.16. Now, for Q2 2026, analysts expect revenues of $27.6B and GAAP EPS of $0.36.
- Tesla Q2 2026 Delivery Consensus Shows Expected Growth in Deliveries and Energy Storage
- Analyst Consensus for Tesla Q1 2026: $21.4B Revenue, $0.16 GAAP EPS
Background drawn from MotorClaw's earlier coverage of Tesla's official releases.
Why this matters
This consensus provides a benchmark for Tesla's upcoming Q2 earnings report, allowing investors to gauge whether the company meets, beats, or misses market expectations. The estimates also signal continued growth in energy storage and vehicle deliveries, which are key to Tesla's long-term strategy.
Terms in This Story
- consensus
- An average of estimates from multiple analysts, used as a market expectation for a company's financial results.
- GAAP
- Generally Accepted Accounting Principles; standard accounting rules used for financial reporting.
- Non-GAAP
- A financial metric that adjusts GAAP figures to exclude certain items, providing an alternative view of performance.
Summarised from the linked release; details can be imperfect — always verify against the original source.