🔹 Revenue: $47.12B (Est. $46.28B) 🟢; -1.8% YoY
🔹 Adj. EPS: $2.53 (Est. $2.44) 🟢; -17.3% YoY
Tariff Impact
🔸 Q2 Net Tariff Drag: $1.1B
🔸 Expects Q3 Tariff Impact > Q2
🔸 Plans to mitigate at least 30% of full-year $4B–$5B burden
FY25 Guidance (Unchanged)
🔹 Adj. EPS: $8.25–$10.00 (Est. $9.37) 😐
🔹 Adj. EBIT: $10.0B–$12.5B (Est. $11.37B)😐
🔹 Capex + Battery JV Spend: $10B–$11B
🔹 Adj. Automotive FCF: $7.5B–$10.0B
🔹 Capital Spend Outlook (CY26–27): $10B–$12B
Q2 North America
🔹 Adj. EBIT: $2.42B (Est. $2.75B) 🔴; DOWN -45.5% YoY
🔹 Adj. EBIT Margin: 6.1% (vs. 10.9%)
🔹 Vehicle Sales: 974,000 units (Est. 998,971) 🔴
Q2 International
🔹 Adj. EBIT: $204M (Est. $141.1M) 🟢; UP from $50M YoY
Q2 China JV Equity Income
🔹 $71M vs. ($104M) YoY; swing to profit
Q2 GM Financial
🔹 EBT-Adjusted: $704M; DOWN -14.4% YoY
Other Q2 Metrics:
🔹 Net Income: $1.90B; DOWN -35.4% YoY
🔹 EBIT-Adjusted: $3.04B; DOWN -31.6% YoY
🔹 EBIT-Adjusted Margin: 6.4% (vs. 9.3%)
🔹 Adj. Auto Free Cash Flow: $2.83B; DOWN -46.6% YoY
🔹 Automotive Operating Cash Flow: $4.65B; DOWN -39.7% YoY
CEO Commentary: Mary Barra
🔸 “Despite slower EV industry growth, we remain committed to profitable long-term EV production.”
🔸 “Our FY guide remains unchanged. We’re actively offsetting the tariff headwinds through disciplined cost actions.”