General Motors to Report Earnings Before Bell; Wall Street Expectations in Focus

• GM raised its adjusted earnings guidance in April to $13.5-$15.5 billion (or $11.50-$13.50 per share) after incorporating a $500 million tariff rebate
• Barclays expects both GM and Ford to beat earnings estimates for Q2 with potential guidance raises, citing strong macro conditions and stable pricing
• The company's Q2 2025 results included $47.12 billion in revenue, $1.9 billion in net income, and $3.04 billion in adjusted EBIT

General Motors Q2 2026 Earnings Summary

Key Expectations and Figures

General Motors (GM) is scheduled to report second-quarter 2026 earnings before the market opens Tuesday, with an earnings conference call at 8:30 a.m. ET.

Wall Street Consensus (per LSEG):

• Revenue: $47.01 billion
• These figures represent a more than 26% increase in adjusted EPS year-over-year

Previous Performance Context

GM's prior quarter results included:

• Revenue: $47.12 billion
• Net income attributable to stockholders: $1.9 billion
• Adjusted EBIT: $3.04 billion

Current Guidance

In April, GM adjusted its full-year 2026 earnings guidance to $13.5-$15.5 billion, or $11.50-$13.50 per share, reflecting a $500 million tariff rebate impact.

Key Focus Areas

Investors will monitor several critical factors:

• Tariff impacts and any guidance revisions
• Vehicle pricing trends
• Commodity costs, particularly DRAM (dynamic random access memory) chips
• Overall industry pricing stability

Analyst Outlook

Barclays analyst Dan Levy anticipates GM and crosstown rival Ford (reporting next week) will beat Q2 expectations with potential "soft raises" to guidance. He attributes optimism to:

• Strong macroeconomic conditions
• Outperforming U.S. seasonally adjusted annual rates in H1 2026
• Stable pricing environment
• Conservative guidance embedded in current forecasts

Market Implications

The results will provide crucial insights into the Detroit automaker's ability to navigate tariff headwinds while maintaining profitability amid evolving supply chain costs and pricing dynamics in the automotive sector.