GM $GM raises 2026 EBIT outlook to $14B-$16B after Q2 EPS beat

$48.0B in Q2 revenue and $3.57 in adjusted EPS put General Motors $GM above the $47.01B revenue and $3.19 EPS consensus cited by market data on July 21. GM's own financial highlights show revenue up 1.9% from $47.1B a year earlier, EBIT-adjusted up 29.8% to $3.9B, and net income attributable to stockholders down 31.1% to $1.3B.

The market-moving part of the release was the second 2026 guidance increase. In its Q2 financial highlights, GM raised full-year EBIT-adjusted guidance to $14.0B-$16.0B from $13.5B-$15.5B. Adjusted automotive free cash flow moved to $9.5B-$11.5B from $9.0B-$11.0B, while diluted adjusted EPS moved to $12.00-$14.00 from $11.50-$13.50.

The quality of the beat is mixed rather than one-dimensional. EBIT-adjusted margin improved to 8.2% from 6.4%, GM North America EBIT-adjusted rose 42.7% to $3.45B, and adjusted automotive free cash flow rose 78.0% to $5.03B. At the same time, reported diluted EPS fell to $1.41 from $1.91 because net income declined and the company recorded year-to-date adjustments that lowered GAAP guidance.

GM also declared a $0.18 quarterly dividend payable on September 17 to shareholders of record on September 4. The next scheduled company checkpoint is the third-quarter earnings announcement on October 20, when investors will test whether North American pricing, warranty-cost reductions, and EV-loss reductions are still offsetting softer areas of the auto cycle.

Not investment advice. Verify all figures with primary sources before acting.