General Motors NYSE: GM raised its full-year 2026 guidance for the second time this year after reporting higher second-quarter revenue, adjusted earnings and free cash flow, with management citing steady North American demand, disciplined pricing, lower warranty costs and reduced electric vehicle losses.
GM CEO Mary Barra said the next-generation Cadillacs will include new gas versions of the CT5 sedan, XT5 midsize SUV and discontinued three-row XT6 SUV. The new product announcements add to GM's pullback in EVs, after it initially said Cadillac would exclusively sell electric vehicles by the end of this decade.
A new, widely followed survey shows that Cadillac is America's worst luxury car brand.
General Motors Company (NYSE:GM) on Tuesday raised its full-year 2026 profit forecast after posting stronger-than-expected second-quarter results, even as one-time charges tied to its electric vehicle realignment weighed on net income. The Detroit automaker reported adjusted earnings per share of $3.57 for the quarter, up 41% from a year earlier and above analyst estimates of $3.20.
General Motors (GM) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $3.13 per share. This compares to earnings of $2.53 per share a year ago.
General Motors CFO Paul Jacobson discusses second-quarter earnings that topped estimates and saw the automaker raise its full-year profit forecast by another $500 million. Jacobson also discusses product demand and managing tariff and inflationary pressures on “Bloomberg Surveillance.
GM's stock rises after a beat-and-raise earnings report, as revenue grows to snap a four-quarter streak of declines.
Trump's latest trade offensive has placed North America's best-known manufacturers and consumer brands under scrutiny, with integrated US-Canadian supply chains facing a cost shock. The White House imposed additional 50% duties on specified Canadian imports under three proclamations responding to disputes over motor vehicles, alcoholic beverages and dairy.
General Motors is set to report its second-quarter earnings before the bell Tuesday. Wall Street analysts expect adjusted earnings per share of $3.20 and revenue of $47.01 billion.
General Motors stock has retreated in recent days, falling from its year-to-date high of $87 in February to about $76 today. The pullback could continue in the near term after the stock formed a bearish double-top pattern ahead of its second-quarter earnings report.
Let's take a closer look at how General Motors, Tesla, BorgWarner and Cummins are expected to fare this earnings season.
General Motors (GM) closed at $76.07 in the latest trading session, marking a -2.12% move from the prior day.