GM Posts Record First-Half Earnings, Repurchases 35% of Shares, Trades Below 6x Earnings

General Motors reported its fifth consecutive earnings beat on July 21, 2026, with adjusted EPS of $3.57 versus $3.20 estimates and revenue of $48 billion. CFO Paul Jacobson attributed the results to multi-year inventory and incentive discipline, with GM incentives at 4.7% of MSRP versus the 6.3% industry average. The company raised full-year EPS guidance to $12-$14 per share. GM has retired over 35% of diluted shares since 2023 and trades under 6 times 2026 earnings. Q2 free cash flow surged 78%. The stock rose 5.24% intraday to $79.82. Jacobson noted resilient consumer demand for trucks and SUVs despite recessionary sentiment, and guided for $2.5-$3.5 billion in full-year tariff costs, calling the situation manageable.

First published Aug 4, 01:55 PM UTCUpdated Jul 21, 04:13 PM UTC1 reports · 1 sources

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GM Posts Record First-Half Earnings, Repurchases 35% of Shares, Trades Below 6x Earnings

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GM Posts Record First-Half Earnings, Repurchases 35% of Shares, Trades Below 6x EarningsYahoo FinanceWesternJul 21, 04:13 PM UTC

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