General Motors (GM) beats Q2 2026 EPS estimates by 12% and raises guidance

General Motors posted Q2 2026 earnings per share of $3.57, clearing the consensus estimate of $3.18 by roughly 12% and extending the automaker's streak of earnings beats to five consecutive quarters. Revenue came in at $48 billion, about 2% ahead of the $47.1 billion analysts had penciled in. The results mark another quarter where GM's core internal-combustion lineup — particularly North American trucks and SUVs — did the heavy lifting, driving a 30% surge in adjusted operating income.

The headline profit figure was weighed down by $2.3 billion in EV restructuring charges, which pressured reported earnings without affecting the adjusted figures that beat expectations. That distinction matters for investors trying to assess the underlying health of the business: the operational engine is running well even as GM absorbs the cost of reshaping its electric-vehicle strategy. GM also announced it is raising its full-year guidance again, continuing a pattern seen across recent quarters.

The earnings history shows the one notable blemish in recent results was Q4 2025, when reported EPS came in at -$3.60 against an estimate of $1.75 — a quarter that likely reflected earlier restructuring pain. Since then, GM printed $3.70 in Q1 2026 and $3.57 in Q2 2026, both well above expectations, suggesting the company has regained its footing heading into the back half of the year.