GM beats on earnings, raises guidance amid ‘resilient’ consumer, pricing
Published Tue, Jul 21 202612:01 AM EDTUpdated Tue, Jul 21 20264:19 PM EDT
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Michael Wayland
Key Points
General Motors raised several key 2026 earnings forecasts Tuesday after beating Wall Street’s second-quarter expectations.
Its guidance change was assisted by consistent vehicle transaction prices, lower warranty costs and narrowing all-electric vehicle losses.
GM CFO Paul Jacobson said the company’s “momentum is palpable,” while referring to the its stock as a “bargain” at roughly $75 a share.
DETROIT — General Motors
raised several key 2026 earnings forecasts Tuesday after beating Wall Street’s second-quarter expectations as the company’s North American operations continue to drive its results.
The Detroit automaker attributed its guidance change to consistent vehicle transaction prices, lower warranty costs and narrowing all-electric vehicle losses as it wraps up a multibillion-dollar pullback in EVs.
https://www.cnbc.com/2026/07/21/general-motors-gm-earnings-q2-2026.html
