Overview

• GM delivered second-quarter adjusted earnings of $2.53 per share on revenue of $47.12 billion, beating FactSet estimates of $2.34 and $45.84 billion despite a 32% drop in core profit and a 2% year-on-year revenue decline.
• The automaker reaffirmed its May-lowered full-year adjusted EBIT guidance of $10 billion to $12.5 billion, which already includes projected U.S. auto tariffs of $4 billion to $5 billion.
• GM said U.S. tariffs shaved $1.1 billion from Q2 results and warned that trade levies could pose a larger headwind in the year’s second half while targeting at least 30% mitigation through manufacturing shifts and cost initiatives.
• CEO Mary Barra underscored electric vehicles as GM’s strategic priority and pointed to domestic battery investments and a flexible manufacturing footprint as drivers of long-term profitability.
• The company has topped revenue forecasts for 12 straight quarters, prompting analysts at Citigroup, RBC and Mizuho to raise price targets despite slowing market growth and tariff pressures.