Filing Flows › General Motors (GM) › Q2 2026
General Motors (GM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 21, 2026
General Motors (GM) reported revenue of $48.0B for the second quarter 2026 (Q2 2026), +2% from a year earlier and +10% from the quarter before. Operating margin was 3.0%, net earnings $1.3B (2.7% of revenue).
General Motors, Q2 2026: revenue $48.0B (+2% year over year), operating margin 3.0%, net earnings $1.3B, operating cash flow $6.4B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.0B | +10% | +2% |
| Operating profit | $1.5B | -50% | -31% |
| Net earnings | $1.3B | -50% | -31% |
| Operating cash flow | $6.4B | +115% | -8% |
| Free cash flow | $4.4B | +207% | -8% |
What changed
Revenue was $48.0B in Q2 2026, up 2% year over year and up 10% from the previous quarter. Vehicle, parts, and accessories was the largest line at 87% of revenue. Vehicle, parts, and accessories added $0.58B year over year (up 1%), 65% of the total change.
Operating profit was $1.5B, a 3.0% margin (down 1.5 points year over year). Operating profit fell $0.67B even though revenue rose $0.90B versus Q2 2025, so costs grew faster than sales. Total costs grew 3% against revenue growth of 2%. Net earnings were $1.3B, down 31% year over year. The effective tax rate was 13.6%.
Operating cash flow was $6.4B (down 8% year over year), 469% of net income including minority interests. Non-cash charges added back $3.1B of depreciation and amortization. Working capital and other items added $1.9B. Capital expenditures of $1.9B left free cash flow of $4.4B.
Questions
What was General Motors' revenue in the second quarter 2026?
General Motors (GM) reported revenue of $48.0B for the second quarter 2026 (Q2 2026), +2% from a year earlier and +10% from the quarter before.
Was General Motors profitable in the second quarter 2026?
Operating profit was $1.5B (3.0% of revenue) and net earnings $1.3B.
Source: General Motors 10-Q on SEC EDGAR.