Companies /Consumer Cyclical

General Motors Company

NYSE: GM Auto Manufacturers
$84.87
▼ $0.76 (−0.89%) today
Markets closed · 12:46am ET

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

Market Reaction

% change · around the report
−4%0+4%+8%Jul 21Jul 22report 7:14am ETearnings+0.5%+7.1%
−4%0+4%+8%Jul 21Jul 22earnings+0.5%+7.1%
GM +7.1%S&P 500 +0.5%
−4%0+4%+8%Jul 21Jul 22report 7:14am ETearnings+0.5%+7.1%
−4%0+4%+8%Jul 21Jul 22earnings+0.5%+7.1%
GM +7.1%NASDAQ +0.5%
0+6%+12%+18%Jul 20Jul 29report 7:14am ETearnings−0.4%+17.9%
0+6%+12%+18%Jul 20Jul 29earnings−0.4%+17.9%
GM +17.9%S&P 500 −0.4%
0+7%+14%Jul 20Jul 29report 7:14am ETearnings−3.9%+17.9%
0+7%+14%Jul 20Jul 29earnings−3.9%+17.9%
GM +17.9%NASDAQ −3.9%
+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

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

Forward Guidance & 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 Revenue by Segment

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

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