General Motors Co. (GM) said its second-quarter results were better than originally expected due to strong pricing and demand, record GM Financial results and improved near-term production from the pull forward of semiconductors from the third quarter. Based on first-half performance and expectations for the rest of the year, the company increased its full-year guidance. However, the revised earnings guidance range was still below analysts' estimate. GM noted that semiconductor shortage remains fluid and supply chain challenges continue in the second-half.
Second-quarter EBIT-adjusted net income was $4.1 billion, including warranty recall costs of $1.3 billion. This is compared to a EBIT loss-adjusted of $0.5 billion, previous year. Earnings per share adjusted was $1.97 compared to a loss of $0.50. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $1.34, for the quarter. Analysts' estimates typically exclude special items. The company said its results were higher primarily due to the non-recurrence of the 2020 production stoppage as a result of the pandemic, strong pricing on full-size pickups and full-size SUVs and high used vehicle prices, partially offset by increased warranty, material and commodity costs.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.