Tesla

TSLA · Consumer Discretionary · Market cap $1.21T

Q2 FY26 Jun 30, 2026 reported Jul 23, 2026

Revenue$28.2B +26% year over year

Gross profit$4.8B

Operating profit$0.4B

Net profit$1.1B 4% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	28.2	100%	+26%
Automotive Sales	20	71%	+27%
Services and Other	4.6	16%	+50%
Energy Generation and… Sales	3	11%	+13%
Automotive Leasing	0.4	1%	−16%
Automotive Regulatory Credits	0.1	0%	−67%
Energy Generation and… Leasing	0.1	0%	−1%
Cost of revenue	−23.5	83%
Gross profit	4.8	17% margin	+0pp
Research & development	−2.4	8%	+1pp
SG&A	−2	7%	+1pp
Operating profit	0.4	1% margin	−3pp
Tax	−0.2
Net profit	1.1	4%	−1pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	22.4	100%	+16%
Automotive Sales	15.5	69%	+20%
Services and Other	3.7	17%	+42%
Energy Generation and… Sales	2.3	10%	−12%
Automotive Leasing	0.4	2%	−15%
Automotive Regulatory Credits	0.4	2%	−36%
Energy Generation and… Leasing	0.1	0%	−6%
Cost of revenue	−17.7	79%
Gross profit	4.7	21% margin	+5pp
Research & development	−1.9	9%	+1pp
SG&A	−1.8	8%	+2pp
Operating profit	0.9	4% margin	+2pp
Tax	−0.2
Interest & other costs	−0.2
Net profit	0.5	2%	+0pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	24.9	100%	−3%
Automotive Sales	16.8	67%	−10%
Energy Generation and… Sales	3.7	15%	+26%
Services and Other	3.4	14%	+18%
Automotive Regulatory Credits	0.5	2%	−22%
Automotive Leasing	0.4	2%	−10%
Energy Generation and… Leasing	0.1	0%	+2%
Cost of revenue	−19.9	80%
Gross profit	5	20% margin	+4pp
Research & development	−1.7	7%	+2pp
SG&A	−1.7	7%	+2pp
Other	−0.2	1%	+0pp
Operating profit	1.4	6% margin	+0pp
Tax	−0.4
Interest & other costs	−0.2
Net profit	0.8	3%	−5pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	28.1	100%	+12%
Automotive Sales	20.4	73%	+8%
Services and Other	3.5	12%	+25%
Energy Generation and… Sales	3.3	12%	+47%
Automotive Leasing	0.4	1%	−4%
Automotive Regulatory Credits	0.4	1%	−44%
Energy Generation and… Leasing	0.1	0%	−9%
Cost of revenue	−23	82%
Gross profit	5.1	18% margin	−2pp
Research & development	−1.6	6%	+2pp
SG&A	−1.6	6%	+1pp
Other	−0.2	1%	+0pp
Operating profit	1.6	6% margin	−5pp
Tax	−0.5
Net profit	1.4	5%	−4pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jun 30, 2026	Jul 23, 2026	$28.2B	+26%	1%	$1.1B	4%
Q1 FY26	Jan 1 – Mar 31, 2026	Apr 23, 2026	$22.4B	+16%	4%	$0.5B	2%
Q4 FY25	Oct 1 – Dec 31, 2025	Jan 29, 2026	$24.9B	−3%	6%	$0.8B	3%
Q3 FY25	Jul 1 – Sep 30, 2025	Oct 23, 2025	$28.1B	+12%	6%	$1.4B	5%