Form 10-Q · Quarterly report
General Motors 10-Q, filed Jul 21, 2026
- Filed
- CIK
- 0001467858
- Accession no.
- 0001467858-26-000051
Summary
General Motors forecast 2026 net income of $8.4–9.8 billion and EBIT-adjusted earnings of $14.0–16.0 billion while recording an additional $2.3 billion in net charges in the second quarter tied to its EV strategic realignment. GM estimated tariff impacts on EBIT-adjusted earnings of $2.5–3.5 billion for 2026, after the U.S. Supreme Court held that the International Emergency Economic Powers Act did not authorize tariffs.
Key points
- GM estimated that tariff impacts to EBIT-adjusted earnings could range from $2.5 billion to $3.5 billion for the year ending December 31, 2026.
- After the U.S. Supreme Court's February 20, 2026 conclusion that IEEPA did not authorize tariffs, GM recorded a net $0.5 billion favorable adjustment for previously paid IEEPA tariffs.
- GM recorded $7.9 billion in GMNA charges in 2025 for its EV strategic realignment, plus $2.3 billion of additional net charges in the three months ended June 30, 2026.
- GM's U.S. vehicle sales were 1.3 million units in the first half of 2026, a 16.7% market share, down 0.6 percentage points from a year earlier, while China sales were 0.7 million units at a 6.8% share.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Basis of Presentation This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in conjunction with the accompanying condensed consolidated financial statements and the notes thereto, and the audited consolidated financial statements and notes thereto included in our 2025 Form 10-K. Forward-looking statements in this MD&A are not guarantees of future performance and may involve risks and uncertainties that could cause actual results to differ materially from those projected. …
An excerpt of the text as filed with the SEC, cut for length.
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