Tesla posts Q3 2026 results with flat revenue, beat EPS estimates and hints at SpaceX merger
+2 new sources since this summary was written
Tesla reported third‑quarter 2026 revenue of $28.05 billion, essentially flat year‑over‑year, and delivered 486,532 vehicles. Adjusted (non‑GAAP) earnings per share were $0.48, beating consensus, while GAAP EPS was $0.22, down 44% YoY. Capital expenditures were $4.73 billion, below expectations, and free cash flow was $1.53 billion, turning positive. CEO Elon Musk said both boards have formed special committees to explore a possible merger with SpaceX.
Why it matters
The beat in adjusted EPS and the positive free cash flow may support the current share price, while the lower capex and flat revenue signal a more cautious growth outlook. The announced merger‑exploration committees could create strategic value if a deal materialises, but also add regulatory and execution risk.
Key facts
- 1Q3 2026 revenue was $28.05 billion, reported (flat YoY). marketscreener.com
- 2Adjusted (non‑GAAP) EPS was $0.48 per share, reported (beat consensus). electrek.co
- 3GAAP EPS was $0.22 per share, reported (down 44% YoY). finance.yahoo.com
- 4Operating margin was 2.6% on a GAAP basis, reported. stocktitan.net
- 5Automotive gross margin (excluding credits) was 18.1% on a reported basis. electrek.co
- 6Capital expenditures were $4.73 billion, reported. marketscreener.com
Summary written by AlphAI AI Desk from 20 of 20 sources. Not investment advice. Figures are as stated by the linked sources.