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General Motors (NYSE: GM)* today reported second-quarter 2026 revenue of $48.0 billion, net income attributable to stockholders of $1.3 billion, and EBIT-adjusted of $3.9 billion. GM is 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.** H1 global deliveries were 2,721,000, with Q2 deliveries at 1,427,000 or a GM estimated Global share of 8.1% in GM markets. GM remains heavily dependent on Truck and SUV sales. Also worrying is deteriorating GM Financial results as consumers are struggling under the Trump economy. ***
“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. Our 8.6% 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 ,” said Mary Barra GM chair and CEO.
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“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,” claimed Barra.
GM H1 2026 Highlights – Core business results in H1
Total company revenue of $92B, EBIT-adj. of $8.2B, resulting in EPS-diluted-adj. of $7.27, up over 35% YoY.
- North America margin of 9.3%; on track to achieve 8–10% full-year target.
- GM International delivered consistent profitability in a dynamic market environment Growing OnStar digital revenue, including Super Cruise.
- H1 realized revenue of ~$1.6B; on track for realized revenue of over $3B by the end of 2026.
- Deferred revenue balance of $6.3B at the end of Q2; on track to approach $7.5B of deferred revenue by the end of 2026.
- OnStar on track to grow subscribers by ~1M in 2026; best half ever for Super Cruise equipped vehicles.
- Strong H1 adj. auto FCF of $6.3B allowed us to continue repurchasing shares.
- Ended Q2 with 893M diluted common shares outstanding; ~8% below Q2 2025.
GM on What’s to Come
Raising full -year guidance driven by strong performance including pricing and warranty, as well as a slightly better commodity outlook.
- EBIT-adj. of $14.0–16.0B, up from $13.5–15.5B.
- EPS-diluted-adj. of $12.00–14.00, up from $11.50–13.50.
- auto FCF of $9.5–11.5B, up from $9.0–11.0B.
- 2027 results expected to be better than 2026, with several key drivers set to grow revenue, margins, EBIT and FCF.
- Strengthened pricing power on next-gen Chevrolet Silverado and GMC Sierra trucks which have improved capability, premium design and more advanced technology.
- Increased full-size SUV supply to meet demand in the U.S. and in markets globally.
- Double digit OnStar digital revenue growth.
- Incremental warranty and EV profitability improvements.
- Continue to repurchase shares.
*AutoInformed on
**GM Revised Guidance 21 July 2026. Prior Guidance
- EBIT-adjusted $14.0 Billion – $16.0B $13.5B b – $15.5B
- Adjusted auto free cash flow $9.5B – $11.5B $9.0B – $11.0B
- EPS-diluted-adjusted $12.00 – $14.00 $11.50 – $13.5
***GM Financial Operating Results H1 2026
- Retail finance receivables 31-60 days delinquent were 2.4% of the portfolio at June 30, 2026 and 2.1% at June 30, 2025.
- Accounts more than 60 days delinquent were 1.0% of the portfolio at June 30, 2026 and 0.8% at June 30, 2025.
- Annualized net charge-offs were 1.3% of average retail finance receivables for the quarter ended June 30, 2026 and 1.1% for the quarter ended June 30, 2025.
- For the six months ended June 30, 2026, annualized retail charge-offs were 1.4%, compared to 1.2% for the six months ended June 30, 2025.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
GM Posts H1 2026 Earnings of $1.3B. Raises Guidance Again
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General Motors (NYSE: GM)* today reported second-quarter 2026 revenue of $48.0 billion, net income attributable to stockholders of $1.3 billion, and EBIT-adjusted of $3.9 billion. GM is 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.** H1 global deliveries were 2,721,000, with Q2 deliveries at 1,427,000 or a GM estimated Global share of 8.1% in GM markets. GM remains heavily dependent on Truck and SUV sales. Also worrying is deteriorating GM Financial results as consumers are struggling under the Trump economy. ***
“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. Our 8.6% 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 ,” said Mary Barra GM chair and CEO.
Click to enlarge.
“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,” claimed Barra.
GM H1 2026 Highlights – Core business results in H1
Total company revenue of $92B, EBIT-adj. of $8.2B, resulting in EPS-diluted-adj. of $7.27, up over 35% YoY.
GM on What’s to Come
Raising full -year guidance driven by strong performance including pricing and warranty, as well as a slightly better commodity outlook.
*AutoInformed on
**GM Revised Guidance 21 July 2026. Prior Guidance
***GM Financial Operating Results H1 2026
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.