General Motors Raises 2026 Outlook After Strong Second Quarter

General Motors reported second-quarter 2026 revenue of $48.0 billion and an adjusted EBIT of $3.9 billion, exceeding analyst expectations. Based on these results, the company raised its full-year 2026 guidance for the second time, now projecting adjusted EBIT between $14.0 billion and $16.0 billion and adjusted EPS between $12.00 and $14.00. The growth was fueled by strong demand for pickups and SUVs in North America and a shift toward gas-powered vehicles following eased emissions regulations.

Despite core profit growth, quarterly net income fell 31% to $1.3 billion. This decline resulted from $2.3 billion in electric vehicle factory restructuring costs as the company wound down investments following shifts in U.S. environmental policy under President Donald Trump. Additionally, GM saw a 4.2% drop in U.S. vehicle sales due to discontinued models and decreased EV demand after federal tax credits expired.

To counter projected tariff impacts of $2.5 billion to $3.5 billion, including 50 percent tariffs on Canadian goods, CEO Mary Barra announced plans to shift more factory production back to the United States. The company also reported $177 million in restructuring costs in China. To reward shareholders, the Board of Directors declared a quarterly cash dividend of $0.18 per share, payable on September 17, 2026.