TSLA Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), TSLA reported revenue of $22.4B, gross profit of $4.7B (21.1% gross margin), operating income of $941M, and net income of $477M (2.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue grew 15.8% year over year, and EPS missed consensus by $0.03.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +15.8% | +16.6% | Not available |
| Quarter over quarter | −10.1% | −43.2% | −1.2 pp |
EPS was $0.18 versus $0.21 expected.
TSLA Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $22.4B | 100% |
| Cost of Revenue | −$17.7B | 78.9% |
| Gross Profit | $4.7B | 21.1% |
| Research & Development | −$1.9B | 8.7% |
| Selling, General & Administrative | −$1.8B | 8.2% |
| Operating Income | $941M | 4.2% |
| Interest Expense | −$92M | 0.4% |
| Other Income, net | −$535M | 2.4% |
| Income Tax Expense | −$257M | 1.1% |
| Net Income | $477M | 2.1% |
Source: original SEC filing (filed 2026-04-02). Accession 0001628280-26-022956. Data normalized by EarningsFyi.