Analysts expect GM profit to rise in second-quarter report
GM is due to report results Tuesday, with analysts focused on tariffs, pricing, chip costs and any update to 2026 guidance.
By Maya Lindqvist · Senior Technology Correspondent
2 min read
General Motors is scheduled to release second-quarter earnings before U.S. markets open Tuesday, giving investors a fresh read on the automaker’s profit strength. CNBC reported that the results will also show how GM is handling tariffs, vehicle pricing and input costs in 2026.
Average analyst estimates compiled by LSEG and cited by CNBC call for adjusted earnings of $3.20 a share on revenue of $47.01 billion. CNBC reported that those estimates would represent a gain of more than 26% in adjusted earnings per share from the year-earlier quarter, while revenue would be down 0.2%.
What analysts expect
- Adjusted earnings per share: $3.20, according to LSEG estimates cited by CNBC.
- Revenue: $47.01 billion, according to LSEG estimates cited by CNBC.
- GM executives are set to hold an earnings call at 8:30 a.m. ET, CNBC reported.
The comparison period is a strong one. CNBC reported that GM’s second quarter of 2025 included $47.12 billion in revenue, $1.9 billion in net income attributable to stockholders and $3.04 billion in adjusted earnings before interest and taxes.
Beyond the headline numbers, CNBC reported that investors will look for any revision to GM’s 2026 outlook. They also will track management’s comments on tariffs, prices for new vehicles and commodity expenses, including costs tied to dynamic random access memory, or DRAM, chips.
Barclays analyst Dan Levy expects GM and Ford Motor to exceed second-quarter earnings expectations, CNBC reported, citing a July 8 investor note. Ford is scheduled to report next week, according to CNBC.
Levy said in the note that automakers have benefited from a stronger U.S. selling environment in the first half of the year and steady pricing, according to CNBC. He also said GM and Ford had built conservative assumptions into their forecasts, CNBC reported.
GM last updated its 2026 outlook in April. CNBC reported that the company raised its adjusted earnings guidance by $500 million after reflecting a $500 million tariff rebate.
That April revision put GM’s expected 2026 adjusted earnings at $13.5 billion to $15.5 billion, or $11.50 to $13.50 a share, according to CNBC. The change lifted the company’s prior forecast by $500 million, or 50 cents per share, CNBC reported.
The earnings report will arrive as investors weigh whether U.S. auto demand and pricing can keep supporting profits while cost pressures persist. CNBC reported that GM’s update is expected to give markets a clearer view of how those factors are shaping the company’s full-year outlook.
This story draws on original reporting from CNBC.