The earnings call presented a balanced view of GM's financial performance and strategic initiatives. While the company demonstrated strong revenue growth and market share gains, it faces challenges related to tariffs, warranty expenses, and EV profitability. The sentiment reflects cautious optimism with ongoing strategic adjustments to tackle these challenges.

Company Guidance -

Q3 2025

During the General Motors Company Second Quarter 2025 Earnings Conference Call, significant guidance was provided with a strong emphasis on various metrics. GM reported a total company revenue of $91 billion for the first half of 2025, with North America contributing nearly $77 billion. The company achieved an EBIT adjusted figure of $3 billion for the quarter, despite a $1.1 billion net tariff impact. Their U.S. market share increased to 17.3%, marking a 1.2 percentage point gain year-over-year. Meanwhile, GM's inventory levels at the end of June were down by almost 10% compared to the previous year. Their incentives remained below the industry average, and the Chevrolet Equinox gained nearly six points of retail market share in its segment. GM also discussed their ambitious EV strategy, noting that Chevrolet is now the number two EV brand, and Cadillac is the number five EV brand overall. Additionally, GM has booked $4 billion in deferred revenue from Super Cruise, OnStar, and other software services, with projected Super Cruise revenue expected to surpass $200 million in 2025. The company remains committed to a balanced capital allocation strategy, maintaining an annual capital spending outlook of $10 billion to $11 billion for 2025, with an anticipated increase to $10 billion to $12 billion for 2026 and 2027, focusing on battery joint ventures and manufacturing flexibility to adapt to market demands.

Record Revenue Performance

Total company revenue reached a record $91 billion for the first half of the year, driven by strong demand and stable vehicle pricing.

US Market Share Gains

GM's U.S. market share increased to 17.3% in the first half of the year, marking a 1.2 percentage point increase year over year.

EV Expansion and Super Cruise Growth

Chevrolet became the number two EV brand, and Cadillac rose to the number five EV brand. Super Cruise technology is now offered on 23 models with significant revenue and customer growth anticipated.

Battery and Charging Infrastructure Developments

Introduced new battery chemistries and expanded charging infrastructure, aiming for over 100,000 public fast charging bases by the end of 2027, a more than 50% improvement in three years.

General Motors (GM) Earnings, Revenues Date & History

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GM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 21, 2025	2025 (Q3)	2.21 / -	2.96	―	―	―
Jul 22, 2025	2025 (Q2)	2.34 / 2.53	3.06	-17.32% (-0.53)
Apr 29, 2025	2025 (Q1)	2.68 / 2.78	2.62	6.11% (+0.16)
Jan 28, 2025	2024 (Q4)	1.89 / 1.92	1.24	54.84% (+0.68)
Oct 22, 2024	2024 (Q3)	2.38 / 2.96	2.28	29.82% (+0.68)
Jul 23, 2024	2024 (Q2)	2.70 / 3.06	1.91	60.21% (+1.15)
Apr 23, 2024	2024 (Q1)	2.13 / 2.62	2.21	18.55% (+0.41)
Jan 30, 2024	2023 (Q4)	1.16 / 1.24	2.12	-41.51% (-0.88)
Oct 24, 2023	2023 (Q3)	1.87 / 2.28	2.25	1.33% (+0.03)
Jul 25, 2023	2023 (Q2)	1.86 / 1.91	1.14	67.54% (+0.77)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$53.21	$48.89	-8.12%
Apr 29, 2025	$47.09	$46.79	-0.64%
Jan 28, 2025	$54.61	$49.75	-8.90%
Oct 22, 2024	$48.54	$53.30	+9.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.