General Motors Company · GM · Next earnings

General Motors Company reports Tuesday, Oct 20, 2026

GM reports before market open with consensus EPS at $3.56 and revenue at $48.74B. Last quarter: GM Beats Q2 Estimates, Raises Full-Year Guidance on Pickup Strength and Software Growth

Reports Before market open30 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $3.56 Calendar consensus
Consensus revenue $48.74B Calendar consensus
Report date Oct 20, 2026 Tuesday, date estimated
Session Before market open 30 days away

Where GM left off: FY2026 Q2

Full report

GM Beats Q2 Estimates, Raises Full-Year Guidance on Pickup Strength and Software Growth

EPS surprise +11.9% Reported $3.57 vs $3.19
Revenue surprise +2.2% Reported $48.03B vs $47.01B
Stock move +4.9% Event window
Subsequent drift +13.6% Up to 20 sessions

Full-year 2026 guidance was raised across all three metrics: EBIT to $14-16B, EPS to $12-14, and adjusted free cash flow to $9.5-11.5B. This is the second consecutive quarter of raised guidance, following the Q1 2026 increase that was supported by a Supreme Court tariff decision providing a 1.5-point EBIT margin benefit. Management tone remained confident. Capex outlook shifted from stable to increasing due to onshoring investments, which analysts flagged as a potential free cash flow headwind in 2027.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Commodity inflation pressure on margins from logistics, DRAM, and raw materials costs.
  • Continued EV market volatility and potential changes to EV regulatory credits and tax incentives.
  • Onshoring cost ramp in 2027 could compress margins as capital intensity increases.
  • Geopolitical risk in the Middle East affecting international sales and commodity costs.
  • Possible warranty accrual reset in Q3 could introduce earnings volatility.

Questions analysts left open

  • Super Cruise pricing strategy and rollout timeline across additional models.
  • Quantification of warranty benefit and whether a Q3 reset could reverse it.
  • Impact of commodity and DRAM cost inflation on margins going forward.
  • Capital intensity of onshoring and its effect on free cash flow in 2027.
  • Details and commercialization timeline of the sodium-ion battery partnership with Peak Energy.

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Recent GM quarters

All GM earnings
+4.9%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.