DETROIT — General Motors (GM) is on the verge of releasing its second-quarter earnings report, with investors and analysts keenly awaiting the figures before the opening bell on Tuesday. Wall Street's consensus anticipates adjusted earnings per share to hit the $3.20 mark, while revenue is projected to reach $47.01 billion, according to LSEG data.
These expectations suggest a notable increase in adjusted earnings per share, potentially exceeding 26% compared to the same period last year. However, revenue might see a slight dip of around 0.2% year-over-year. For context, GM's second quarter of 2025 saw revenues of $47.12 billion, a net income attributable to stockholders of $1.9 billion, and adjusted earnings before interest and taxes (EBIT) of $3.04 billion.
Beyond the headline numbers, market participants will be scrutinizing GM's outlook for 2026. Key areas of focus include the impact of tariffs, the dynamics of vehicle pricing, and the volatility of commodity costs, with particular attention on components like DRAM chips.
Analysts like Dan Levy from Barclays are optimistic, predicting that both GM and rival Ford Motor (which reports next week) are likely to surpass earnings expectations for the second quarter and possibly offer slight upward revisions to their guidance. Levy attributes this potential outperformance to a robust macroeconomic environment, strong U.S. auto sales, and steady pricing, noting that both automakers have historically embedded conservatism in their forecasts.
GM had previously raised its 2026 adjusted earnings guidance in April, factoring in a $500 million tariff rebate. The revised guidance now stands between $13.5 billion and $15.5 billion, or $11.50 to $13.50 per share, a $500 million (50 cents per share) increase from earlier projections.
