General Motors Company (NYSE:GM) on Tuesday raised its full-year 2026 profit forecast after posting stronger-than-expected second-quarter results, even as one-time charges tied to its electric vehicle realignment weighed on net income.
The Detroit automaker reported adjusted earnings per share of $3.57 for the quarter, up 41% from a year earlier and above analyst estimates of $3.20
Revenue rose 1.9% to $48.03 billion, topping expectations of $47.01 billion. Adjusted EBIT climbed 30% to $3.94 billion, ahead of the $3.79 billion analysts had forecast, while adjusted automotive free cash flow surged 78% to $5.03 billion. GAAP net income fell 31% to $1.31 billion, reflecting $2.3 billion in charges related to GM’s EV realignment recorded during the quarter.
The company has now booked $10.9 billion in EV-related charges since the second half of 2025, including $7.2 billion with a cash impact. GM raised its full-year adjusted EPS guidance to a range of $12 to $14, up from a prior estimate and above the $12.76 analysts had expected. The company also lifted its adjusted EBIT outlook to $14 billion to $16 billion, from $13.5 billion to $15.5 billion previously, and raised its adjusted automotive free cash flow guidance to $9.5 billion to $11.5 billion, from $9 billion to $11 billion.