General Motors Co. in Detroit today reported second-quarter 2026 revenue of $48 billion, net income attributable to stockholders of $1.3 billion, and EBIT-adjusted of $3.9 billion.
The automaker also declared a quarterly cash dividend on the company’s outstanding common stock of $0.18 per share, payable Sept. 17, to holders of the company’s common stock at the close of trading on Sept. 4.
“General Motors delivered another solid quarter of earnings, driven by the appeal of our product portfolio, the agility of our team, and disciplined execution,” wrote Mary Barra, CEO and chair of GM in a letter to shareholders. “Our employees, our dealers, and our suppliers are all making important contributions that continue to drive our success. Their commitment enables us to win in a dynamic market, and their efforts are leading us to raise our 2026 guidance for the second time.
“The business continues to perform very well. Customer demand in North America remains strong driven by our very attractive lineup of pickups and SUVs. Pricing is consistent, and we delivered the best quarter and first half ever for new Super Cruise-equipped vehicles.”
As a result of its Q2 performance, GM says it’s raising its full-year 2026 EBIT-adjusted guidance for the second time this year. The company expects net income attributable to stockholders to be $8.4 billion to $9.8 billion; automotive operating cash flow to be $15.4 billion to $19.4 billion; and EPS-diluted to be $8.98 to $10.98 based on its updated guidance and the impact of adjustments recorded year to date.
“Our 8.6 percent EBIT-adjusted margin in North America was up 2.5 points from a year ago, and we continue to lower our warranty costs, reduce EV losses, and increase operating efficiency,” Barra wrote. “In addition, GM International, inclusive of our China joint ventures, was profitable.
“We expect these trends will continue to strengthen our performance into 2027 and beyond because we have multiple engines of margin expansion and growth while maintaining our capital discipline.”
The automaker’s Q2 revenue was up 1.9 percent from year-ago figures and up 0.6 percent for the first six months of the year. The net income of $1.3 million was 31 percent lower than during Q2 2025 and down 16 percent from the first half of last year.
The EBIT-adjusted figure showed a 29.8 percent improvement over Q2 2025 and a 25.6 percent boost compared to the January-June period last year.
“Our vehicle portfolio continues to get stronger, with the launch of the next-generation Chevrolet Silverado LD and GMC Sierra LD starting in December,” Barra wrote to shareholders. “Our software and services ecosystem is expanding, our manufacturing and sourcing footprint is becoming more efficient, and we will be onshoring significant production to further reduce our tariff exposure. And growth businesses like GM Defense and GM Insurance are creating additional avenues for value creation.”
