earnings
confidence high
sentiment negative
materiality 0.85
GM Q2 net income falls 40% YoY to $1.7B; maintains full-year guidance
General Motors Co
2022-Q2 EPS reported
$2.49
revenue$71,738,000,000
- Net income $1.69B, down from $2.84B YoY; diluted EPS $1.14 vs $1.90.
- Revenue $35.8B, up 4% YoY; EBIT-adjusted $2.34B vs $4.12B.
- GMNA EBIT-adjusted $2.30B (margin 8.0%, down 2.4pp); China equity income -$87M vs +$276M.
- Full-year guidance reaffirmed: net income $9.6-11.2B, EBIT-adjusted $13-15B.
- Adjusted automotive FCF $1.41B in Q2, down from $2.48B YoY.