GM Q2 earnings beat estimates, raise full-year outlook

General Motors reported stronger-than-expected second-quarter financial results on Tuesday, July 21, 2026, beating analyst estimates and raising its full-year guidance for the second consecutive quarter. Despite the robust performance, the company's stock declined in early trading.

The Detroit-based automaker posted adjusted earnings per share of $3.57, surpassing the Wall Street consensus estimate of approximately $3.19. Revenue for the quarter reached $48.03 billion, a 1.9% increase from the same period last year and also above analyst expectations. The company's adjusted operating profit, or EBIT, climbed nearly 30% year-over-year to $3.9 billion, with the adjusted EBIT margin expanding to 8.2% from 6.4% a year earlier.

The standout performance was driven by GM's North American operations, which generated adjusted EBIT of $3.4 billion, a sharp increase from $2.4 billion in the second quarter of 2025. The segment's margin improved to 8.6%. Company officials attributed the strength to resilient pricing power, particularly for trucks and SUVs, with average transaction prices holding steady around $52,000. Internal cost discipline, including lower warranty expenses, also...