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Heatwaves and soil droughts are increasing in frequency and intensity, leading many tree species to exceed their thermal thresholds, and driving wide-scale forest mortality. Therefore, investigating heat tolerance and canopy temperature regulation mechanisms is essential to understanding and predicting tree vulnerability to hot droughts. We measured the diurnal and seasonal variation in leaf water potential (Ψ), gas exchange (photosynthesis A net and stomatal conductance g s ), canopy temperature (T can ), and heat tolerance (leaf critical temperature T crit and thermal safety margins TSM, i.e., the difference between maximum T can and T crit ) in three oak species in forests along a latitudinal gradient (Quercus petraea in Switzerland, Quercus ilex in France, and Quercus coccifera in Spain) throughout the growing season. Gas exchange and Ψ of all species were strongly reduced by increased air temperature (T air ) and soil drying, resulting in stomatal closure and inhibition of photosynthesis in Q. ilex and Q. coccifera when T air surpassed 30°C and soil moisture dropped below 14%. Across all seasons, T can was mainly above T air but increased strongly (up to 10°C > T air ) when A net was null or negative. Although trees endured extreme T air (up to 42°C), positive TSM were maintained during the growing season due to high T crit in all species (average T crit of 54.7°C) and possibly stomatal decoupling (i.e., A net  ≤0 while g s  >0). Indeed, Q. ilex and Q. coccifera trees maintained low but positive g s (despite null A net ), decreasing Ψ passed embolism thresholds. This may have prevented T can from rising above T crit during extreme heat. Overall, our work highlighted that the mechanisms behind heat tolerance and leaf temperature regulation in oak trees include a combination of high evaporative cooling, large heat tolerance limits, and stomatal decoupling. These processes must be considered to accurately predict plant damages, survival, and mortality during extreme heatwaves., (© 2024 The Author(s). Global Change Biology published by John Wiley & Sons Ltd.)