GM Q2 Revenue Hits $48.0B, Adjusted Operating Profit Up 30% as Full-Year Guidance Raised

General Motors (GM) shares closed up 3.71% from the previous session at $78.61 on July 21 (local time), shortly after an SEC 8-K filing showed second-quarter revenue of $48.0 billion, topping market expectations.

📊 Price at Time of Writing (July 21, 2026, 23:01 KST)
$78.61 ▲ +3.71%

Q2 Results at a Glance

GM reported second-quarter revenue of $48.0 billion and adjusted operating profit — core earnings excluding interest, taxes, and depreciation — of $3.9 billion. According to Reuters, adjusted operating profit rose 29.8% year-over-year, driven by strong truck and SUV sales. Net income, however, fell 31.1% to just $1.3 billion due to one-time charges.

• Revenue: $48.0 billion, up 1.9% year-over-year
• Earnings per share (EPS): $1.41; adjusted EPS of $3.57, beating market estimates by $0.38-$0.39 according to media reports
• Adjusted operating profit (EBIT-adjusted): $3.9 billion, up 29.8% year-over-year
• Net income: $1.3 billion, down 31.1% year-over-year

Outlook for Next Quarter

GM raised its full-year fiscal 2026 guidance for the second time this year. The company lifted its adjusted operating profit forecast to $14.0 billion-$16.0 billion, up from $13.5 billion-$15.5 billion. Adjusted EPS guidance was also raised to $12.00-$14.00 from $11.50-$13.50. Automotive operating cash flow is now projected at $15.4 billion-$19.4 billion. However, the filing noted that GAAP net income guidance was actually lowered, to $8.4 billion-$9.8 billion from $9.9 billion-$11.4 billion, as the scale of one-time charges increased. GM also declared a quarterly dividend of $0.18 per share, payable September 17.

Market Reaction

International media largely characterized the results as a beat. Reuters reported that core profit rose roughly 30%, driven by strong truck and SUV sales. MarketBeat and Investing.com reported that adjusted EPS exceeded market estimates by $0.38-$0.39. Following the earnings release, GM shares closed up 3.71% from the previous session at $78.61 on July 21.

Segment Breakdown

• North America (GMNA) adjusted operating profit: $3.4 billion, up 42.7% year-over-year
• International (GMI) adjusted operating profit: $190 million, down 6.6% year-over-year
• China equity income: $83 million, up 16.9% year-over-year
• GM Financial (financial services) adjusted pre-tax income: $605 million, down 14.0% year-over-year

This article was automatically generated based on the original SEC 8-K filing and international media reports, with the goal of delivering key data promptly after the announcement. Readers are advised to review the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current market prices.