Tesla Q3 FY2026: flat revenue, higher margin, lower GAAP profit
Tesla's Q3 FY2026 was a mixed quarter: revenue was essentially flat at $28.05 billion, gross margin rose to 19.6%, but GAAP net income fell to $787 million and GAAP EPS missed the $0.4358 consensus while non-GAAP EPS beat it. Read the quarter through the gap between GAAP and non-GAAP results and the absence of numeric guidance.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $0.22, down from $0.39 a year ago; non-GAAP EPS was $0.48 versus $0.50 a year ago. Against the provided $0.4358 consensus, non-GAAP EPS is 10.1% above and GAAP EPS is 49.5% below. The $0.26 gap between GAAP and non-GAAP EPS is driven mainly by $0.28 per share of stock-based compensation, partly offset by a $0.06 digital-asset gain.
Revenue was $28.05 billion, down 0.2% from $28.10 billion a year ago and roughly flat sequentially from $28.24 billion. Gross margin improved to 19.6% from 18.0% a year ago and 16.8% last quarter.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-23
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