U.S. automotive giant General Motors (GM) has reported strong second-quarter financial results and raised its forward guidance.
The Detroit automaker announced earnings per share (EPS) of $3.57 U.S., which surpassed the $3.20 U.S. that was expected on Wall Street.
Revenue in the period totaled $48.03 billion U.S., which topped the $47.01 billion U.S. consensus expectation of analysts.
Management attributed the strong print to “resilient” consumers and pricing of GM vehicles in the April through June quarter.
Looking ahead, General Motors raised its guidance, saying that it now anticipates full-year earnings of $14 billion U.S. to $16 billion U.S., or $12 U.S. to $14 U.S. in earnings per share.
The new guidance is up from a previous outlook that called for $11.50 U.S. to $13.50 U.S. in earnings per share.
The vehicle manufacturer also raised its expectations for automotive free cash flow to $9.5 billion U.S. to $11.5 billion U.S., up from $9 billion U.S. to $11 billion U.S. previously.
However, General Motors lowered its forecast for net income attributable to stockholders to $8.4 billion U.S. to 9.8 billion U.S., down from $9.9 billion U.S. to $11.4 billion U.S.
This is the second consecutive quarter that the company has lowered its net income attributable to stockholders while raising other forecasts.
General Motors’ North American operations drove the company’s latest results, which also include expanding its digital services revenue by 20%.
Management said the average vehicle transaction price in the second quarter was $52,000 U.S. as it remains disciplined regarding incentives and discounts.
The company said that it has completed material charges involving its pullback from all-electric vehicles, which included $10.9 billion U.S. in charges since the second half of 2025.
Due to weak consumer demand and cancelled federal government rebates, General Motors has pulled back on its electric vehicle ambitions.
GM stock has risen 43% in the last 12 months to trade at $75.80 U.S. per share.
