General Motors (GM) has lifted its full-year 2026 earnings guidance for the second time this year, following second quarter results that showed revenue of $48.02bn.
The US automaker posted net income attributable to stockholders of $1.30bn for the three months to 30 June 2026, a fall of 31.1% on the same period last year.
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Revenue climbed 1.9% year-on-year, while adjusted EBIT grew 29.8% to $3.94bn, pushing the adjusted EBIT margin up to 8.2% from 6.4%.
Diluted EPS dropped 26% to $1.41, whereas adjusted diluted EPS advanced 41.3% to $3.57.
Looking at performance by segment, GM North America delivered a 42.7% rise in adjusted EBIT to $3.4bn.
GM International’s adjusted EBIT slipped 6.6% to $190m, while equity income from China increased 16.9% to $83m.
GM Financial’s adjusted earnings before tax fell 14% to $605m.
Over the first six months of 2026, revenue reached $91.65bn, up 0.6%, though net income attributable to stockholders declined 16% to $3.93bn.
Adjusted EBIT for the half-year period rose 25.6% to $8.19bn.
GM’s revised guidance for the full year now puts adjusted EBIT at between $14bn and $16bn, up from the earlier range of $13.5bn to $15.5bn.
The company also raised its adjusted diluted EPS guidance to a range of $12-$14, up from $11.5-$13.5.
Based on the updated outlook and the effect of adjustments made so far this year, GM anticipates full-year net income attributable to stockholders of between $8.4bn and $9.8bn, automotive operating cash flow of $15.4bn to $19.4bn, and diluted EPS of $8.98 to $10.98.
The company noted that these projections do not account for any further adjustments tied to special items that may arise later in the year.
In the first quarter, GM posted revenue of $43.62bn and had already lifted its full-year adjusted EBIT forecast at that point, following a US Supreme Court ruling on tariffs.
Earlier this month, the company also entered into a strategic customer agreement with Micron Technology to secure a longer-term supply of memory and storage products considered important for vehicle manufacturing and large-scale deliveries.
The agreement extends beyond existing supply arrangements, with GM and Micron continuing to work together on memory and storage technologies needed for future vehicle programmes.
