General Motors Company (GM) Earnings Call Transcripts

General Motors Company's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, General Motors (GM) reported revenue of $48 billion, up $900 million year-over-year, and adjusted EBIT of $3.9 billion, also up $900 million year-over-year. The company raised its full-year guidance for adjusted EBIT to a range of $14 billion to $16 billion, up from $13.5 billion to $15.5 billion, and adjusted EPS to $12 to $14, up from $11.50 to $13.50. This strong performance was driven by robust demand for pickups and SUVs, improved pricing discipline, and lower costs, particularly in warranty and EV-related expenses.

Reported metrics

Guidance from management

GM raised its full-year guidance for adjusted EBIT to $14 billion to $16 billion and adjusted EPS to $12 to $14. This reflects improved pricing, warranty assumptions, and a slightly better commodity outlook.

What management said

So Joe, we continually evaluate based on customer reception of Super Cruise of how we expanded and are also looking at pricing. So I don't have anything specific to announce today, but we do see the opportunity for the growth that we're going to see with the full-size truck launch, the light duties. And also, we're expanding in 3 regions and continuing to add more miles. So we think it's an option that customers like...

I would also say we're using a lot of initial tool simulation, artificial intelligence to find problems earlier and make sure we validate more, which is going to be evident in the truck that we're launching. So there's a lot going on to make sure the products are of higher quality and even looking at the longer-term durability as well.

What analysts pressed on

Analysts expressed concerns about the sustainability of fleet sales growth and the impact of commodity inflation on margins. There were also questions regarding the potential for a mix shift towards smaller, more fuel-efficient vehicles amidst rising affordability concerns.

Main topics on the call

• Revenue Growth and Guidance Raise — GM reported total revenue of $48 billion for Q2 2026, leading to a full-year EBIT guidance increase to $14 billion to $16 billion. Management stated, "We expect these trends will continue to strengthen our performance in...
• Strong Demand for Pickups and SUVs — The company maintained a 42% share of the U.S. full-size pickup market and achieved record deliveries in its fleet business. Mary Barra noted, "Customer demand in North America remains steady, including for our pickups a...
• Improved EBIT Margin — GM's EBIT adjusted margin in North America improved to 8.6%, up 2.5 points year-over-year. Barra emphasized, "We are solidly back within our 8% to 10% margin target, a clear marker of the progress this team has made."
• Digital Revenue Growth — The OnStar digital business is expected to contribute over $3 billion in recognized revenue this year, with a projected 1 million new subscriptions. Barra stated, "This momentum carries into 2027, where amortization of o...

Read the full General Motors Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 114 General Motors Company earnings call transcripts on record, spanning February 5, 2020 to July 21, 2026. Based on this history, General Motors Company reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GM

Exchange

NYSE

Country

US

Sector

Consumer Discretionary

Industry

Automobiles

Calls on record

114

First call

February 5, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly