Tesla Q3 2026 earnings: revenue beats estimates as deliveries rebound and energy storage grows

Tesla beat Wall Street revenue estimates for the third quarter of 2026 on Wednesday, as rebounding deliveries and energy storage growth lifted sales, with shares up more than 1% in extended trading. (Reuters)

Revenue was $28.05 billion, above the $27.88 billion analysts’ average in LSEG data cited by Reuters and flat on a year earlier. (Reuters) One tally pegged consensus at about $28.13 billion, making the beat a narrow one. (investinglive)

Adjusted earnings per share were $0.48, topping the roughly $0.44 consensus, while GAAP EPS was $0.22 on net income of $787 million. (teslanorth) Automotive gross margin was 18.5% GAAP, or 18.1% excluding regulatory credits, and operating income was $718 million for a 2.6% operating margin. (teslanorth)

Free cash flow of $1.53 billion beat an expected burn of about $4.92 billion, with capex of $4.73 billion well under expectations; operating cash flow was $6.26 billion and the cash pile reached $45.45 billion. (Reuters) (teslanorth)

Tesla delivered 486,532 vehicles, beating expectations of about 461,100, against production of 464,391; it delivered its 10 millionth vehicle and ended the quarter with its largest passenger-vehicle backlog in four years. (Reuters) Other models including the Cybertruck made up just 8,295 deliveries, while Tesla stopped Model S and Model X production in Fremont, swapping the lines for its first large-scale Optimus line. (Reuters)

Energy storage deployments held at 13.7 GWh, while FSD (Supervised) subscriptions grew 67% year on year to 1.74 million, with more than 75% of new North America deliveries including the software. (teslanorth)