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Tesla’s second-quarter revenue increased 26% to $28.2 billion, while net profit fell 5%

2026-07-23·newswire-us-stock-011617
Tesla’s second-quarter revenue increased 26% to $28.2 billion, while net profit fell 5%.

On July 23, Beijing time, Tesla announced its second quarter financial report for 2026.

The financial report shows that the company achieved revenue of US$28.236 billion in the second quarter, a year-on-year increase of 26%; net profit attributable to common shareholders was US$1.114 billion, a year-on-year decrease of 5%; adjusted net profit (Non-GAAP) was US$1.153 billion, a year-on-year decrease of 17%.

Tesla’s key financial indicators for the second quarter In terms of revenue structure, the automotive business revenue was US$20.516 billion, a year-on-year increase of 23%; the energy power generation and energy storage business revenue was US$3.139 billion, a year-on-year increase of 13%; the service and other business revenue was US$4.581 billion, a year-on-year increase of 50%, a record high.

The company's operating profit for the quarter was US$398 million, a year-on-year decrease of 57%, and the operating profit margin fell to 1.4%, a decrease of 2.69 percentage points from 4.1% in the same period last year.

Although total gross profit increased by 23% year-on-year to US$4.751 billion, the overall gross profit margin fell to 16.8% from 17.2% in the same period last year. Among them, the gross profit margin of the automobile business was 16.9%.

Tesla said that the decline in operating profit was mainly affected by factors such as the decline in the average selling price of vehicles, the decrease in regulatory points income, the increase in warranty expenses in the energy business, and the continued growth in AI research and development, equity incentives and management expenses.

However, increased vehicle deliveries, improved service business profitability, growth in FSD subscription revenue, and reduced bicycle manufacturing costs have provided some support to profitability.

In terms of delivery volume, data shows that Tesla produced more than 451,000 pure electric vehicles globally in the second quarter, a year-on-year increase of about 10% and a month-on-month increase of about 25%; the delivery volume was 480,100 vehicles, a year-on-year increase of about 25% and a month-on-month increase of about 34%.

During the same period, the installed capacity of Tesla's energy storage products reached 13.5 GWh, a year-on-year increase of approximately 41% and a month-on-month increase of approximately 53%.

Tesla revealed in its financial report that the company is in the midst of the largest investment cycle in history and will continue to increase investment in AI, robotics and infrastructure in the future.

In the second quarter, Cybercab was officially put into production at the Texas Gigafactory and began to provide trial operation services to employees in July; Robotaxi driverless services have been expanded to multiple cities in the United States.

In July, three cities in Florida, Miami, Orlando and Tampa were added, and now cover seven major metropolitan areas in the United States.

At the same time, the company has closed the Model S and Model Annual production capacity list of Tesla’s bases In addition, Tesla said that in the first half of this year, its Cortex AI training computing power in Texas has more than doubled, and it continues to promote the construction of the Austin semiconductor factory to strengthen the supply capacity of self-developed AI chips and key logic and memory chips.

The company expects that as manufacturing costs continue to decline and AI, software and Robotaxi fleet businesses gradually increase in volume, future profit sources will further shift from hardware sales to AI, software and fleet operation businesses. After the earnings report was released, Tesla's U.S.

stock price fell more than 4% after the market closed.

#Stocks #Tesla #EVs #AI #Semiconductors

Full text

Tesla’s second-quarter revenue increased 26% to $28.2 billion, while net profit fell 5%

On July 23, Beijing time, Tesla announced its second quarter financial report for 2026. The financial report shows that the company achieved revenue of US$28.236 billion in the second quarter, a year-on-year increase of 26%; net profit attributable to common shareholders was US$1.114 billion, a year-on-year decrease of 5%; adjusted net profit (Non-GAAP) was US$1.153 billion, a year-on-year decrease of 17%.

On July 23, Beijing time, Tesla announced its second quarter financial report for 2026. The financial report shows that the company achieved revenue of US$28.236 billion in the second quarter, a year-on-year increase of 26%; net profit attributable to common shareholders was US$1.114 billion, a year-on-year decrease of 5%; adjusted net profit (Non-GAAP) was US$1.153 billion, a year-on-year decrease of 17%. Tesla’s key financial indicators for the second quarter In terms of revenue structure, the automotive business revenue was US$20.516 billion, a year-on-year increase of 23%; the energy power generation and energy storage business revenue was US$3.139 billion, a year-on-year increase of 13%; the service and other business revenue was US$4.581 billion, a year-on-year increase of 50%, a record high. The company's operating profit for the quarter was US$398 million, a year-on-year decrease of 57%, and the operating profit margin fell to 1.4%, a decrease of 2.69 percentage points from 4.1% in the same period last year. Although total gross profit increased by 23% year-on-year to US$4.751 billion, the overall gross profit margin fell to 16.8% from 17.2% in the same period last year. Among them, the gross profit margin of the automobile business was 16.9%. Tesla said that the decline in operating profit was mainly affected by factors such as the decline in the average selling price of vehicles, the decrease in regulatory points income, the increase in warranty expenses in the energy business, and the continued growth in AI research and development, equity incentives and management expenses. However, increased vehicle deliveries, improved service business profitability, growth in FSD subscription revenue, and reduced bicycle manufacturing costs have provided some support to profitability. In terms of delivery volume, data shows that Tesla produced more than 451,000 pure electric vehicles globally in the second quarter, a year-on-year increase of about 10% and a month-on-month increase of about 25%; the delivery volume was 480,100 vehicles, a year-on-year increase of about 25% and a month-on-month increase of about 34%. During the same period, the installed capacity of Tesla's energy storage products reached 13.5 GWh, a year-on-year increase of approximately 41% and a month-on-month increase of approximately 53%. Tesla revealed in its financial report that the company is in the midst of the largest investment cycle in history and will continue to increase investment in AI, robotics and infrastructure in the future. In the second quarter, Cybercab was officially put into production at the Texas Gigafactory and began to provide trial operation services to employees in July; Robotaxi driverless services have been expanded to multiple cities in the United States. In July, three cities in Florida, Miami, Orlando and Tampa were added, and now cover seven major metropolitan areas in the United States. At the same time, the company has closed the Model S and Model Annual production capacity list of Tesla’s bases In addition, Tesla said that in the first half of this year, its Cortex AI training computing power in Texas has more than doubled, and it continues to promote the construction of the Austin semiconductor factory to strengthen the supply capacity of self-developed AI chips and key logic and memory chips. The company expects that as manufacturing costs continue to decline and AI, software and Robotaxi fleet businesses gradually increase in volume, future profit sources will further shift from hardware sales to AI, software and fleet operation businesses. After the earnings report was released, Tesla's U.S. stock price fell more than 4% after the market closed.

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