Detroit: General Motors is set to release its second-quarter earnings before the bell on Tuesday, with Wall Street closely watching how President Donald Trump’s auto tariffs and shifting EV policies are affecting the automaker’s bottom line.
Analysts polled by LSEG expect adjusted earnings per share of $2.44 and revenue of $46.4 billion, down from $47.97 billion in revenue and $4.44 billion in adjusted EBIT posted a year earlier. Adjusted EPS would mark a 20.3% year-over-year decline, while revenue would dip 3.3%.
GM executives will host their earnings call at 8:30 a.m. ET, where updates on full-year guidance and EV production plans are expected to take center stage.
The automaker has already warned of a potential $4 billion to $5 billion hit from tariffs this year, leading to a downward revision of full-year expectations in May. The new forecast projects EBIT between $10 billion and $12.5 billion, down from earlier guidance of up to $15.7 billion.
To offset tariff pressures, GM announced $4 billion in new U.S. manufacturing investments, including the relocation of production lines from Mexico to Michigan and Indiana.
Investors will also be seeking clarity on GM’s electric vehicle roadmap, especially after Trump’s new tax bill ended federal EV tax credits effective September 30. Analysts expect a possible short-term boost in EV sales before the incentives expire, followed by slower rollouts of new models.
Despite the headwinds, GM’s stock remains rated “overweight” with a $56 price target, according to FactSet.
