Tesla Shares Q2 Earnings Expectations From Major Wall Street Analysts

Tesla has published its company-compiled consensus estimates ahead of its second-quarter earnings report, revealing what major sell-side analysts expect from the electric vehicle manufacturer. The data represents average predictions from 23 financial institutions, including Barclays, Bank of America, Goldman Sachs, and Morgan Stanley.

According to the Tesla Investor Relations data, Wall Street expects Tesla to post a total revenue of $27.58 billion for the quarter. The core automotive segment is anticipated to drive $20.05 billion of that total, while energy generation and storage is projected to bring in $3.77 billion, closely followed by services and other revenue at $3.76 billion.

Profitability targets are also clear. Analysts are projecting an adjusted non-GAAP earnings per share of $0.55, with standard GAAP earnings per share expected to land at $0.36. The company’s gross margin is anticipated to hold steady at 19.5 percent, while its operating margin is estimated at 5.4 percent.

High capital expenditures remain a major factor for the EV maker. Analysts expect capital spending to hit $6.7 billion for the quarter, resulting in an expected negative free cash flow of $3.25 billion. Looking at the bigger picture for the entire year, Wall Street projects that Tesla will hit approximately 1.73 million total vehicle deliveries in 2026, driven primarily by the Model 3 and Model Y line.