Investor edition Tuesday, July 21
Companies Economy Policy

GM Q2 2026 Earnings Preview: Analysts See Modest EPS Rise On Revenue Dip

GM is set to report its second-quarter 2026 results before the market opens, with analysts projecting $3.20 in adjusted earnings per share on roughly $47.01 billion in revenue. A conference call will follow the release.

GM headquarters in Detroit, 2026, as the company prepares for Q2 earnings release.
GM headquarters in Detroit, 2026, as the company prepares for Q2 earnings release.

Market impact

Q2 earnings guidance and DRAM-related costs are expected to influence near-term margins.

Why it matters: The report will inform on GM’s earnings trajectory amid tariff effects, pricing, and supplier costs within the autos sector.

Key numbers

  • EPS: $3.20
  • Revenue: $47.01 billion
  • 2026 guidance raised by tariff rebate
  • Q2 2025 revenue: $47.12 billion
  • Q2 2025 net income: $1.9 billion

Watch next

  • Tariffs impact on costs
  • DRAM and commodity costs
  • EV demand trajectory
  • Pricing strategy and margins
Automotive Manufacturing Consumer durables General Motors Ford Motor

General Motors is scheduled to report its second-quarter 2026 results before the market opens on Tuesday. Analysts surveyed by LSEG expect an adjusted earnings per share of $3.20 and revenue of about $47.01 billion. GM will host an earnings conference call at 8:30 a.m. ET to discuss the quarter’s results and any updates to its 2026 guidance.

Last year’s second quarter showed GM with revenue of $47.12 billion, net income attributed to stockholders of $1.9 billion, and adjusted earnings before interest and taxes of $3.04 billion. Beyond the headline figures, investors will be watching for developments related to tariffs, pricing of vehicles, and costs tied to components such as DRAM memory chips.

Industry observers note that automakers face a mixed near-term environment, with macro demand signaling resilience in the first half of the year while pricing has remained relatively steady. Barclays analyst Dan Levy commented that GM and its crosstown rival Ford are expected to report results that align with or modestly surpass consensus, as the sector navigates supply chain dynamics and demand for electrified vehicles.

GM has revised its 2026 earnings guidance higher earlier this year to reflect a tariff rebate, updating its range to reflect a broader earnings potential. The market will also digest how GM’s pricing strategy and supplier costs influence margins as the year progresses, alongside tariff and policy developments that could affect automakers’ profitability.