Companies /Consumer Cyclical
General Motors Company
NYSE: GM Auto Manufacturers
$83.68
▼ $0.28 (−0.34%) today
Markets open · 9:56am ET

General Motors (GM) Q2 2026 Earnings

Reported Jul 21, 2026, 7:14am ET · SEC source
$3.57
Beat +12.11%
EPS · est. $3.18
$48.0B
Beat +2.00%
Revenue · est. $47.1B
+6.4%
Beating market
GM vs S&P since report
6 quarters
Consecutive EPS beats

How Did GM Stock React to Q2 2026 Earnings?

% change · around the report
−5%0+5%Jul 21Jul 22report 7:14am ETearnings+0.5%+7.1%
−5%0+5%Jul 21Jul 22earnings+0.5%+7.1%
GM +7.1%S&P 500 +0.5%
−5%0+5%Jul 21Jul 22report 7:14am ETearnings+0.5%+7.1%
−5%0+5%Jul 21Jul 22earnings+0.5%+7.1%
GM +7.1%NASDAQ +0.5%
0+6%+12%+18%Jul 20Jul 29report 7:14am ETearnings−0.6%+17.3%
0+6%+12%+18%Jul 20Jul 29earnings−0.6%+17.3%
GM +17.3%S&P 500 −0.6%
0+7%+14%Jul 20Jul 29report 7:14am ETearnings−4.2%+17.3%
0+7%+14%Jul 20Jul 29earnings−4.2%+17.3%
GM +17.3%NASDAQ −4.2%
+4.91%
Day of report
+3.28%
Next session
+13.56%
One week
+8.34%
30 days

S&P 500 over the same 30 days: +1.91%.

Did GM Beat Earnings? Q2 2026 Results

Yes. General Motors reported Q2 2026 earnings of $3.57 a share on Jul 21, 2026, beating the $3.18 consensus estimate by 12.1%. Revenue was $48.0B against a $47.1B estimate.

General Motors delivered a strong second-quarter 2026 performance, with adjusted earnings per share of $3.57 beating the $3.18 consensus estimate by 12.11%, marking the fifth consecutive quarter the automaker has topped Wall Street's EPS expectations. Revenue climbed 1.9% year over year to $48.03 billion, edging past the $47.09 billion consensus by 2.00%, fueled by robust truck and SUV demand in North America, where the GM North America segment generated $3.45 billion in adjusted EBIT at an 8.6% margin, up 2.5 percentage points from a year ago. GAAP net income fell 31.1% to $1.30 billion, weighed down by $2.28 billion in EV strategic realignment charges, though adjusted EBIT surged 29.8% to $3.94 billion. Encouraged by spending discipline and strong pricing power, GM raised its full-year adjusted EBIT guidance to $14.00 billion to $16.00 billion and lifted its adjusted EPS outlook to $12.00 to $14.00, the second guidance increase of the year, signaling management's confidence in sustained momentum through the remainder of 2026.

Key Takeaways
  • GMNA EBIT-adjusted increased 42.7% YoY to $3,446 million with margin expanding 2.5 percentage points to 8.6%
  • Total wholesale vehicle sales rose to 990,000 units from 974,000 units
  • Adjusted automotive free cash flow increased 78.0% YoY to $5,033 million
  • EBIT-adjusted increased 29.8% to $3,943 million
  • China equity income improved to $83 million from $71 million

What Is General Motors's Outlook?

GM raised its full-year 2026 guidance for the second time this year. Updated EBIT-adjusted guidance is $14.0 billion to $16.0 billion (from prior $13.5 billion to $15.5 billion). EPS-diluted-adjusted guidance is $12.00 to $14.00 (from $11.50 to $13.50). Net income attributable to stockholders is expected to be $8.4 billion to $9.8 billion. Automotive operating cash flow is expected to be $15.4 billion to $19.4 billion. Adjusted automotive free cash flow guidance is $9.5 billion to $11.5 billion (from $9.0 billion to $11.0 billion). Capital expenditures are expected to be $10.0 billion to $12.0 billion. These expected financial results do not include the potential impact of future adjustments related to special items.

GM YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$20.0B$40.0B$47.1B$48.0BRevenue$2.1B$1.5BOperating Income$1.9B$1.3BNet Income
$0$20.0B$40.0BRevenueOperating IncomeNet Income
GM income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $48.0B $47.1B +1.9%
Operating Income $1.5B $2.1B −31.4%
Net Income $1.3B $1.9B −31.1%

GM Revenue by Segment

GM North America$39.9B+1.1%
GM Financial$4.3B+0.3%
GM International$3.7B+11.0%

When Does General Motors Report Next?

Expected report date
Before the open
Release timing

Figures from SEC filings and company reports. Not investment advice.