General Motors reported a 35% decrease in net income for Q2 due to high costs and tariff uncertainties, resulting in a $1.1 billion impact. Despite this, the company reported total revenue of $47.12 billion, surpassing Wall Street estimates. Adjusted cash flow fell to $2.8 billion, influenced by tariffs and working capital issues. U.S. sales increased by 7%, with strong pricing on trucks and SUVs contributing to GM's performance. CFO Paul Jacobson noted ongoing efforts to mitigate the full-year tariff impact through strategic adjustments.
General Motors reported its Q2 earnings results on Tuesday, with the company's net income falling 35% from the same period last year, impacted by higher costs and tariffs.
GM's adjusted automotive free cash flow was $2.8 billion, down $2.5 billion year over year, driven by tariff payments and working capital headwinds.
Despite year-over-year declines in revenue, GM outperformed market expectations, with total revenue reaching $47.12 billion, exceeding Wall Street's estimate of $46.25 billion.
U.S. sales rose 7%, and GM continued to command strong pricing on pickup trucks and SUVs, showing resilience amid tariff pressures.
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