General Motors reported second-quarter earnings that beat Wall Street’s estimates and affirmed its full-year guidance, despite ongoing uncertainty from President Donald Trump’s auto tariffs.
GM’s second-quarter results included net income attributable to stockholders of $1.9 billion, down 35.4% from $2.93 billion a year earlier.
Adjusted earnings before interest and taxes came in at $3.04 billion, a 31.6% decrease from $4.44 billion last year, but exceeding StreetAccount estimates of $2.89 billion.

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The automaker reported adjusted earnings per share of $2.53, down 17% from $3.06 a year earlier. Its revenue for the second quarter was down 1.8% compared with $47.97 billion a year earlier. Both year-over-year declines mark the company’s first since the fourth quarter of 2023, with the revenue decrease also reflecting the biggest year-over-year drop since the fourth quarter of 2021.

GM’s North America margin, adjusted for earnings before interest and taxes, of 6.1% is down 44% from 10.9% a year ago
The company’s full-year guidance, which it modified in May due to tariffs, includes adjusted EBIT of between $10 billion and $12.5 billion, down from its January guidance, which did not take tariffs into account, of $13.7 billion to $15.7 billion.

GM’s yearly outlook also includes net income attributable to stockholders of $8.25 billion to $10 billion, down from $11.2 billion to $12.5 billion earlier this year, and adjusted automotive free cash flow between $7.5 billion and $10 billion, down from between $11 billion and $13 billion prior to the tariffs.
GM reported 974,000 vehicle sales in the second quarter, less than the 1 million estimated by StreetAccount. Its electric vehicle sales totaled 46,300 for the quarter and the company said it has become the No. 2 EV manufacturer in the U.S.