Tesla earnings watch
- Tesla will report Q1 2026 earnings on April 22, making tomorrow a major market event. - Analysts expect about $0.3156 EPS and roughly $19.27 billion in revenue, according to previews. - Delivery figures showed a 14% sequential drop to 358,023 units, which investors are highlighting ahead of the print ( ).
Tesla reports first-quarter 2026 results after the market closes on Wednesday, April 22, with investors focused on whether weak deliveries spilled into profit and cash flow. (ir.tesla.com) Tesla said it delivered 358,023 vehicles in the quarter and produced 408,386, leaving production ahead of deliveries by 50,363 units. Model 3 and Model Y accounted for 341,893 deliveries, while Tesla’s other models accounted for 16,130. (ir.tesla.com) The company’s investor relations site says Tesla will post its Q1 update after the close and hold a live question-and-answer webcast at 5:30 p.m. Eastern Time. Tesla also reported 8.8 gigawatt-hours of energy storage deployments for the quarter. (ir.tesla.com) Tesla’s own company-compiled analyst consensus, published April 17, points to $21.417 billion in total revenue, $0.16 in generally accepted accounting principles earnings per share, and $0.33 in non-generally accepted accounting principles earnings per share. The same consensus shows 20 sell-side inputs for revenue and generally accepted accounting principles earnings per share, and 19 for non-generally accepted accounting principles earnings per share. (ir.tesla.com) That consensus also points to a 17.5% gross margin, $541 million in operating income, $2.534 billion in operating cash flow, and negative free cash flow of $1.575 billion for the quarter. Analysts in Tesla’s compilation also modeled $4.109 billion in capital expenditures and $40.53 billion in cash, cash equivalents, and marketable securities at quarter-end. (ir.tesla.com) The setup is unusually tight because Tesla has already disclosed the quarter’s unit volumes, but not the prices, margins, or cash generation attached to those sales. Tesla said in its April 2 release that deliveries and storage deployments “should not be relied on” as a stand-alone indicator of quarterly financial results because average selling price, cost of sales, and foreign exchange can still move the numbers. (ir.tesla.com) Tesla’s investor relations archive shows the company reported first-quarter results on April 22 in 2025 and April 23 in 2024, putting this year’s release in line with its recent reporting pattern. Wednesday’s update will add the shareholder deck, webcast replay, and quarterly filing to that record. (ir.tesla.com) By late Wednesday, investors will have the missing pieces behind the 358,023 deliveries: revenue, margins, cash flow, and Tesla’s outlook for the rest of 2026. (ir.tesla.com)
