Q1 revenue beats estimates at $22.4B
- Tesla reported first-quarter 2026 revenue of $22.4 billion and filed its earnings release on April 22, showing rising revenue and profit alongside production and delivery data. - The company produced 408,386 vehicles and delivered 358,023 in Q1, leaving roughly a 50,000‑unit inventory build, while adjusted (non‑GAAP) EPS was $0.41 and automotive gross margin was about 21.1%. - Analysts noted the beat but warned the production‑to‑delivery gap and higher inventory suggest demand pressure; investors will watch Q2 execution and inventory trends. (cnbc.com)
Tesla posted roughly $22.4 billion in revenue for Q1 2026, beating Wall Street estimates in the April 22 earnings release. (cnbc.com) Adjusted (non‑GAAP) earnings per share came in at $0.41, up about 52% year‑over‑year, and the company reported roughly $1.44 billion in free cash flow for the quarter. (qz.com) Tesla said it produced 408,386 vehicles and delivered 358,023 in Q1, leaving a roughly 50,000‑unit gap that pushed global vehicle inventory to about 27 days of supply. (ir.tesla.com) (qz.com) The revenue and EPS beats topped analyst forecasts of about $22.3 billion and roughly $0.36 per share, and shares initially reacted positively in after‑hours trading. (teslarati.com) (cnbc.com) Tesla reported GAAP operating income of about $941 million, implying an operating margin near 4.2%, while automotive gross margin recovered to roughly 21.1%. (assets-ir.tesla.com) Analysts and reporters flagged the production‑delivery disconnect and rising inventory as signs demand momentum remains fragile amid mounting competition from rivals such as BYD. (electrek.co) (qz.com) Management told investors it will increase spending this year to support new factories, AI and robotics initiatives, and said non‑recurring items helped the quarter’s results, according to the earnings call. (cnbc.com) (notateslaapp.com) Investors’ near‑term focus will be on whether Tesla can convert the margin gains into sustainable demand recovery and clear the inventory overhang in Q2. (ir.tesla.com) (cnbc.com)
