Tesla's Q2 2026 revenue rises 26% to $28.2 billion as operating income falls 57%
Free cash flow was negative $1.1 billion for the quarter, and GAAP net income attributable to common stockholders was $1.1 billion.
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On July 22, 2026, Tesla released its financial results for the quarter ended June 30, 2026, by posting its Second Quarter 2026 Update on its website. Total revenues rose 26% from a year earlier to $28.2 billion. Non-GAAP net income attributable to common stockholders was $1.2 billion.
Operating income fell 57% from a year earlier to $0.4 billion, a 1.4% operating margin. Tesla said operating expenses rose on AI and other research and development projects, stock-based compensation and selling, general and administrative costs. It also said regulatory credit revenue and average selling prices were lower.
Operating cash flow was $4.7 billion, and free cash flow was negative $1.1 billion. Cash, cash equivalents and short-term investments ended the quarter at $43.5 billion, a sequential decrease of $1.2 billion.
Tesla delivered 480,126 vehicles in the second quarter, up 25% from a year earlier. Adjusted EBITDA, a non-GAAP measure, was $3.3 billion, down 4% from a year earlier.
Tesla said Tesla Semi and Megapack 3 remain on schedule for production starting in 2026. It also said first-generation Optimus production lines are being installed in anticipation of production in 2026, and that it started production of Cybercab.
Key facts
- Total revenues
- $28.2 billion, up 26% year over year
- Operating income
- $0.4 billion, down 57% year over year
- Free cash flow
- Negative $1.1 billion
- Total deliveries
- 480,126 vehicles, up 25% year over year
- Diluted EPS (GAAP)
- $0.32
Source: Form 8-K filed July 22, 2026.
Written by GetSignal with AI from the company's SEC filing.
Not investment advice.
