General Motors exceeded Wall Street expectations for the second quarter of 2026. The automaker reported revenue of approximately $48 billion. Adjusted earnings reached $3.57 per share, outperforming analyst forecasts.
GM raised its full-year profit guidance for the second time this year. The company now expects adjusted EBIT between $14 billion and $16 billion. Stronger pricing, higher wholesale volumes, and effective cost management drove the performance.
CEO Mary Barra announced a strategic shift for the Cadillac brand. Cadillac will introduce new internal combustion engine models in 2027 and 2028. This move reverses a previous plan to become an all-electric brand by 2030. The decision follows a slowdown in consumer demand for electric vehicles.