Americans Still Want Big Trucks, and General Motors Says Demand Isn't Slowing
General Motors Co. (NYSE: GM ) stock rose Tuesday after the automaker reported second-quarter 2026 results that topped Wall Street expectations and raised its full-year adjusted earnings outlook. General Motors Beats Earnings And Revenue Estimates Adjusted diluted earnings per share came in at $3.57, beating the analyst consensus estimate of $3.20. Revenue increased 1.9% year over year to $48.03 billion, ahead of estimates of $47.01 billion. Net income attributable to stockholders fell 31.1% to $1.31 billion, while GAAP diluted earnings per share declined 26% to $1.41. Adjusted EBIT rose 29.8% to $3.94 billion, and the adjusted EBIT margin expanded to 8.2% from 6.4%. North America Drives General Motors’ Performance GM North America adjusted EBIT climbed 42.7% to $3.45 billion. The adjusted margin improved to 8.6% from 6.1%, supported by strong demand for pickup trucks and SUVs,...
General Motors Co. (NYSE: GM ) stock rose Tuesday after the automaker reported second-quarter 2026 results that topped Wall Street expectations and raised its full-year adjusted earnings outlook. 20. 01 billion.
41. 4%. 45 billion. 1%, supported by strong demand for pickup trucks and SUVs, disciplined incentives and operating efficiencies.
S. and held 43% of the full-size pickup market. Fleet sales increased 16%, while dealer inventory ended the quarter at about 511,000 vehicles. 6% to $190 million as shipping disruptions in the Middle East offset stronger results in South America.
9% to $83 million, marking the seventh consecutive profitable quarter for the company’s restructured joint ventures. Wholesale vehicle volume increased to 990,000 from 974,000 a year earlier. 54 million. EV Business And Connected Services Continue To Grow GM remained the No.
, with an estimated year-to-date market share of about 13%. 2 billion with a cash impact. 5 billion of those charges. 3 billion, while recognized revenue rose more than 20% to $800 million.
Revenue from Super Cruise advanced about 70%. 07 billion. 03 billion. 9 million shares.
6 billion in total automotive liquidity and $16 billion in automotive debt. 50. 76. 5 billion.
62. 80. 5 billion-$2 billion in commodity, logistics and DRAM inflation. GM said the next-generation Chevrolet Silverado LD and GMC Sierra LD pickups will begin launching in December.
It also expects improving business trends to support revenue, margins, EBIT and cash flow into 2027 and beyond. Executives Highlight Defense And EV Progress Chair and CEO Mary Barra said the next-generation Chevrolet Silverado and GMC Sierra pickups will arrive in showrooms in December. Barra also said GM Defense revenue is expected to approach $700 million in 2026 and grow at an average annual rate of more than 30% over the next several years. Chief Financial Officer Paul Jacobson said GM has completed the material cash charges needed to align its EV production capacity.
He added that shipping disruptions affected Middle East wholesale volumes, while pricing contributed a $600 million year-over-year benefit during the first half of 2026. 52 at the time of publication on Tuesday, according to Pro data. Photo via Shutterstock Read Also: EV Prices Fall Over 4% as Tesla Records Marginal Price Drop—Small, Medium Pickup Sales Jump More Than 12%