The Chinese market has been profitable for seven consecutive quarters General Motors released its second quarter 2026 earnings report.
Recently, GM released its second quarter earnings report for 2026, and the data showed that in the second quarter, it achieved operating income of US $48 billion, an increase of 1.9% year-on-year, exceeding the market estimate of US $46.67 billion. Adjusted EBIT reached US $3.9 billion, an increase of 29.8% year-on-year, and the profit margin increased to 8.2%. Among them, GM's equity income in the Chinese market increased by 16.9% year-on-year, achieving profits for seven consecutive quarters, and once again achieving year-on-year profit growth. In terms of specific data, the net profit attributable to shareholders in the second quarter was US $1.3 billion, down 31.1% year-on-year, mainly affected by special expenses related to the electric vehicle business (about US $2.3 billion strategic restructuring expenses). The North American market remained at the core of earnings, with an adjusted EBIT of $3.446 billion and an increase in profit margin to 8.6%. The full-year 2026 financial update was revised upward, with adjusted EBIT raised to $14 billion - $16 billion, free cash flow from the automotive business raised to $9.5 billion - $11.5 billion, and adjusted EPS raised to $12.00 - $14.00. (Compiled by Guo Chen, Car House).