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 $491M (2.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue fell 10.1% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −10.1% | −41.5% | −1.2 pp |
Consensus estimate data is not available for this report.
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 | −$193M | 0.9% |
| Income Tax Expense | −$257M | 1.1% |
| Net Income | $491M | 2.2% |
Source: TSLA filings on SEC EDGAR (period ended 2026-03-31). Data normalized by EarningsFyi.