LemonTradesTSLA stock earnings
Tesla’s results quarter by quarter, how the stock reacted each time, and when it reports next.
Tesla $386.40 +3.39% · live quote
Latest results: Q3 2026
Tesla reported on October 21, 2026, after the close:
- Revenue of $28.05 billion, flat on a year earlier and in line with forecasts.
- Adjusted earnings of $0.48 a share, above the $0.45 analysts expected. GAAP net income fell 43% to $787 million.
- Gross margin of 19.6%, up from 16.8% in Q2, but an operating margin of just 2.6% as spending on AI, Optimus and the Cybercab rose.
- 486,532 cars delivered, down 2.1%, and 13.7 GWh of energy storage deployed.
- Capital spending of $4.73 billion in the quarter; free cash flow of $1.53 billion and $45.4 billion in cash and investments.
Sources: Electrek: Tesla Q3 2026 financial results · Teslarati: Q3 2026 results against estimates
Tesla’s results, quarter by quarter
| Quarter | Revenue | Net income | EPS | Stock next day |
|---|---|---|---|---|
| Q2 2026filed Jul 23, 2026 | $28.24B | $1.11B | $0.32 | −14.5% |
| Q1 2026filed Apr 23, 2026 | $22.39B | $477M | $0.13 | −3.6% |
| Q4 2025filed Jan 29, 2026 | $24.90B | $901M | $0.24 | −3.5% |
| Q3 2025filed Oct 23, 2025 | $28.10B | $1.37B | $0.39 | +2.3% |
| Q2 2025filed Jul 24, 2025 | $22.50B | $1.17B | $0.33 | −8.2% |
| Q1 2025filed Apr 23, 2025 | $19.34B | $409M | $0.12 | +5.4% |
| Q4 2024filed Jan 30, 2025 | $25.71B | $2.19B | $0.61 | +2.9% |
| Q3 2024filed Oct 24, 2024 | $25.18B | $2.17B | $0.62 | +21.9% |
GAAP figures from Tesla’s 10-Q and 10-K filings; EPS is diluted. Tesla also reports an adjusted EPS that leaves out stock-based pay, which is the number most headlines compare with forecasts. The fourth quarter is the full year less the first nine months. Over these quarters the stock moved 7.8% on average the day after results, up or down.
When Tesla reports next
Tesla reports about three to four weeks after each quarter ends, after the US close, with a webcast at 5:30 PM ET on ir.tesla.com. Results for the fourth quarter of 2026 are expected in late January 2027; Tesla usually confirms the date two to three weeks before. Deliveries come first, about two days after the quarter ends.
What to watch in Tesla’s results
- Automotive gross margin, excluding regulatory credits: how much Tesla makes on each car.
- Operating margin and spending: research and capital spending on AI, chips, Optimus and the Cybercab.
- Free cash flow and cash: whether the core business funds the bets.
- Energy storage: deployments and margins, now one of Tesla’s most profitable lines.
- Self-driving: paid FSD subscriptions, robotaxi cities and unsupervised miles.
- The call: what Musk says about timelines often moves the stock more than the numbers.
Questions
When are Tesla’s next earnings?
Late January 2027 for the fourth quarter of 2026, after the US close. Tesla confirms the date a few weeks ahead.
What time does Tesla report earnings?
Just after the 4:00 PM ET close, with the earnings call at 5:30 PM ET.
Why does Tesla stock move so much after earnings?
Most of its value rests on future growth, so small changes in margins, spending or timelines change the long-term story. Options traders typically expect a move of 5% to 10%.
What’s the difference between GAAP and adjusted EPS?
GAAP is the official figure in the filings. Adjusted (non-GAAP) EPS adds back stock-based pay and some one-off items, so it’s higher.
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