General Motors reports $3.57 adjusted EPS, raises full-year guidance to $12-$14, and sees shares rise 5.24% intraday.
General Motors reported record first-half earnings, with adjusted EPS of $3.57, surpassing estimates of $3.20. Revenue reached $48 billion, above the $47 billion consensus, prompting a raise in full-year EPS guidance to $12-$14 from $11.50-$13.50.
The company attributed margin gains to incentive discipline, maintaining a 4.7% MSRP rate versus the industry average of 6.3%. GM has repurchased over 35% of diluted shares since 2023 and trades below 6 times 2026 earnings, despite a 78% surge in Q2 free cash flow.
Shares rose 5.24% intraday to $79.82 following the report, though the stock remains down 1.94% year to date but up 49.86% over the trailing 12 months.