Overview
- GM reported adjusted Q2 EPS of $3.57 on roughly $48 billion in revenue and raised full‑year adjusted EPS guidance to $12–$14 per share.
- The company said first‑half EPS is the highest in its history and Q2 automotive free cash flow jumped about 78% to roughly $5 billion, enabling heavy share repurchases.
- GM repurchased about $2 billion of stock in the quarter, retiring roughly 25 million shares and cutting diluted shares by about 35% since 2023.
- GAAP results included a one‑time $2.3 billion charge tied to a scaled‑back EV plan that led to a roughly 31% year‑over‑year decline in GAAP net income.
- Analysts raised price targets after the report and highlighted GM’s fast‑growing software and services business (deferred revenue $6.3 billion, target $7.5 billion), plus expanding insurance and defense units, as potential re‑rating catalysts.