GM Q2 revenue $44.7B, net income $2.6B; raises FY 2023 guidance

General Motors Co

2023-Q2 EPS reported $3.52 revenue$84,732,000,000

Q2 2023 revenue $44.7B (+25% YoY); net income $2.6B (+52% YoY); diluted EPS $1.83.
EBIT-adjusted $3.2B (+38% YoY); EPS-diluted-adjusted $1.91 (+68% YoY).
Raised FY 2023 EBIT-adjusted guidance to $12B-$14B (prev. $11B-$13B).
GMNA EBIT-adjusted $3.2B, margin 8.6%; Cruise EBIT loss $611M; GM Financial EBT $766M.
Recorded $792M charge for Bolt EV/Bolt EUV recall customer remedy agreements.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

General Motors Co reported second-quarter 2023 results: revenue $44.7 billion, net income $2.6 billion, EPS $1.83.

Period: second-quarter 2023
Revenue: $44.7 billion
Net income: $2.6 billion
EPS: $1.83
Result: reported results

Exact text from the filing

GM Releases 2023 Second-Quarter Results and Raises Full-Year Earnings Guidance DETROIT – General Motors Co. (NYSE: GM) today reported second-quarter 2023 revenue of $44.7 billion, net income attributable to stockholders of $2.6 billion and EBIT-adjusted of $3.2 billion.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

General Motors Co reported full-year 2023 results: net income $9.3 billion-$10.7 billion. Guidance raised.

Period: full-year 2023
Net income: $9.3 billion-$10.7 billion
Guidance: raised
Result: guidance update

Exact text from the filing

GM is also updating its full-year 2023 guidance for the second consecutive quarter: • U.S. GAAP net income attributable to stockholders of $9.3 billion-$10.7 billion

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

General Motors Co filing history →

Source: SEC EDGAR

accession 0001467858-23-000095

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.