General Motors set to report Q2 earnings as Wall Street forecasts higher profit

General Motors set to report Q2 earnings as Wall Street forecasts higher profit
GM Q2 profit forecast

General Motors is due to release second-quarter earnings before the bell on Tuesday as investors look for signs of profit growth despite slightly softer sales. Wall Street expects adjusted earnings per share of $3.20 on revenue of $47.01 billion, while attention also stays on tariffs, pricing and component costs.

Highlights

  • Analysts expect General Motors to report Q2 adjusted EPS of $3.20 (up over 26%) and revenue of $47.01 billion, with a slight 0.2% revenue decrease year-over-year.
  • Investors await potential revisions to GM's 2026 outlook after the April increase in adjusted earnings guidance to $13.5–$15.5 billion, or $11.50–$13.50 per share, following a $500 million tariff rebate.
  • Barclays anticipates GM will beat Q2 earnings expectations and possibly modestly increase guidance, citing steady pricing, favorable macro trends, and conservative prior guidance.

Quarterly expectations and guidance focus

As reported by CNBC, analysts surveyed by LSEG expect General Motors to post adjusted earnings per share of $3.20 and revenue of $47.01 billion for the second quarter.

If those estimates are met, adjusted earnings per share would rise by more than 26% from a year earlier, while revenue would edge down 0.2%. In the second quarter of 2025, the automaker reported $47.12 billion in revenue, net income attributable to stockholders of $1.9 billion, and adjusted earnings before interest and taxes of $3.04 billion.

Investors are also watching for any revision to GM's 2026 outlook. The company raised its 2026 adjusted earnings guidance in April to reflect a $500 million tariff rebate, lifting its range to between $13.5 billion and $15.5 billion, or $11.50 to $13.50 a share.

Tariffs, pricing and sector signals

Beyond the headline numbers, the market is monitoring how tariffs, vehicle pricing and commodity costs are affecting GM's business, including expenses tied to dynamic random access memory, or DRAM, chips.

Barclays analyst Dan Levy says he expects both GM and Ford Motor to deliver second-quarter earnings beats and at least a modest guidance increase. In a July 8 investor note, he says automakers are benefiting from a strong macro backdrop, with the U.S. seasonally adjusted annual rate outperforming in the first half while pricing remains steady, and adds that both companies have built conservatism into their guidance.

In our earlier update on U.S. stocks under pressure, we noted investors were positioning for a fresh batch of corporate earnings while renewed tariff threats toward Canada added uncertainty. The piece highlighted how shifting market leadership and momentum reversals were influencing sentiment, and it flagged General Motors as one of the earnings-linked stocks in focus.

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