Keyword → EV deliveries

Tesla Q2 2026 Revenue Hits Record $28.24B, Up 26% — Operating Margin Collapses to 1.4% as Capex Soars 142% and Free Cash Flow Turns Negative $1.09B

Tesla posted record Q2 2026 revenue of $28.24 billion, up 26% year-over-year and ahead of the $26.4 billion consensus, driven by record deliveries of 480,126 vehicles. The profit picture was the opposite of reassuring: GAAP operating income fell 57% to $398 million, compressing operating margin to 1.4% from 4.1% a year ago. Non-GAAP EPS of $0.33 missed the $0.53 estimate badly. Capex surged 142% to $5.79 billion, flipping free cash flow to negative $1.09 billion. Shares fell 6% premarket.

Tesla Q2 2026 Earnings Preview: Record 480,126 Deliveries, Up 25% — But $26.4B Revenue Could Still Trail Last Year on Margin Pressure

Tesla reports Q2 2026 earnings after today's close with a record 480,126 deliveries, up 25% year-over-year and 18% above the 406,024 consensus. Revenue is estimated near $26.4–$27.6 billion, but automotive gross margin ex-credits is the pivotal figure after aggressive incentives drove deliveries at the cost of pricing. Options markets imply a 7.6% move around the report. The Cybercab timeline and FSD monetization are expected to dominate the earnings call narrative.