The final countdown to Tesla’s next financial report has officially begun, and Wall Street is locking in its expectations. Tesla has shared its own company-compiled consensus estimates ahead of the upcoming second-quarter earnings call, detailing what sell-side analysts expect from the electric vehicle leader.
The dataset features financial models from 23 major firms, including Baird, Barclays, BofA, Daiwa, DB, HSBC, Jefferies, JPM, Morgan Stanley, RBC, Wells Fargo, and William Blair. The compiled numbers give investors a clear target to compare against actual performance next week.
Breaking Down the Numbers
The consensus data reveals that analysts expect a solid upward move compared to the same period last year. Here’s a breakdown of some of the key sell-side averages for the upcoming earnings report:
Q2 2026 Analyst Consensus | Q2 2025 Actuals | |
|---|---|---|
Total Revenues | $27.58 Billion | $25.50 Billion |
Net Income | $1.5 Billion | $1.2 Billion |
EPS - GAAP | $0.36 per share | $0.4 per share |
EPS - non-GAAP | $0.55 per share | $0.52 per share |
Tesla has already handily exceeded analysts' delivery estimates for the second quarter of the year, delivering 480,126 vehicles against an analyst average of 406,024. This puts it in a comfortable position to exceed analyst estimates on earnings as well. Even simply meeting Wall Street’s earnings estimates would represent a sizeable step up year-over-year from the $22.5 billion in revenue and $1.2 billion in net income Tesla reported for the second quarter of 2025.
What to Watch For
Tesla’s final numbers for Q2 2026 will drop after market close on Wednesday, July 22. You can follow the earnings call updates live, which will feature an executive Q&A session with CEO Elon Musk and other leadership members (take a look at the most upvoted questions that are likely to be asked).
Aside from the raw financials, the executive commentary (and many of the investor questions) are expected to revolve around the status of Tesla's Robotaxi service and its expansion. Investors are also looking for concrete updates regarding public launches for upcoming products like the purpose-built Cybercab robotaxi and the Optimus humanoid robot.
Other key topics will likely include internal AI chip development pipelines and progress on unsupervised consumer FSD — as well as details on hardware upgrades for owners of older HW3 vehicles who have been disappointed by Tesla confirming their vehicles won’t get it. Stay tuned for our complete breakdown of Tesla’s Q2 2026 earnings call as soon as the executive session wraps up.
