Tesla Q1 revenue $22.39B, EPS beats estimates
- Tesla reported first-quarter 2026 results on April 22, posting $22.39 billion in revenue and non‑GAAP EPS of $0.41 per share, beating consensus on earnings per share. - Management disclosed Q1 capital expenditures of $2.49 billion and raised full‑year capex guidance to more than $25 billion, directing that spending toward AI, robotics and fabs. - Deliveries totaled 358,023 vehicles in Q1, short of some Wall Street delivery forecasts and reinforcing investor focus on the company’s aggressive >$25B capex pivot. (cnbc.com)
Tesla reported $22.39 billion in revenue and $0.41 non‑GAAP earnings per share for the first quarter, announcing results after markets closed April 22. (cnbc.com) (ir.tesla.com) Revenue rose roughly 16% year‑over‑year from about $19.3 billion in Q1 2025 to $22.39 billion, with automotive revenue reported near $16.2 billion. (electrek.co) (cnbc.com) Tesla said it produced over 408,000 vehicles and delivered 358,023 during the quarter, a delivery shortfall versus the roughly 365,600 consensus that left excess inventory. (ir.tesla.com) (electrek.co) GAAP operating income was reported at about $941 million for Q1, with GAAP net income of $477 million (13 cents per share) and free cash flow of roughly $1.44 billion. (alphastreet.com) (techcrunch.com) Capital spending jumped to $2.49 billion in Q1 — up about 67% year‑over‑year — and management raised 2026 capex guidance to over $25 billion, roughly $5 billion above prior company guidance. (cnbc.com) (forbes.com) Executives said the extra spending will fund AI model training, in‑house AI chips, robot (Optimus) production capacity and new factory builds intended to support robotaxi and humanoid-robot ambitions. (cnbc.com) (forbes.com) Margins improved: GAAP gross margin expanded to about 21.1% in Q1, while automotive gross margin excluding regulatory credits was reported near 19.2%, the strongest quarterly margin in over two years. (electrek.co) (alphastreet.com) Shares initially ticked higher in after‑hours trading on the earnings beat but later pared gains after management outlined the larger capex plan and its implications for 2026 cash deployment. (cnbc.com) Execution will now be the yardstick: investors will watch how Tesla deploys the >$25 billion capex, converts the margin recovery into sustainable profit and whether vehicle demand catches up to the company’s expanded factory output. (forbes.com)
