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Jun 30, 2021
GM Q2 2021 Earnings Report
GM reported strong second-quarter earnings, prioritized production of high-demand vehicles, gained retail market share in the full-size pickup segment, and benefited from strong pricing and mix.
Key Takeaways
General Motors reported strong second-quarter earnings with revenue of $34.2 billion and net income of $2.8 billion. The company prioritized production of its highest demand vehicles and benefited from strong pricing. GM is raising its full-year guidance.
Revenue reached $34.2 billion.
Net income was $2.8 billion.
EPS-diluted reached $1.90, and EPS-diluted-adjusted was $1.97.
Automotive operating cash flow was $4.0 billion and adjusted automotive free cash flow was $2.5 billion.
GM
GM
GM Revenue by Segment
Forward Guidance
GM is raising its full-year guidance.
Positive Outlook
- Full-year EPS-diluted of between $5.12 and $6.12
- Full-year EPS-diluted-adjusted of between $5.40 and $6.40
- Full-year net income of between $7.7 billion and $9.2 billion
- EBIT-adjusted of between $11.5 billion and $13.5 billion
- Raising full-year guidance
Revenue & Expenses
Visualization of income flow from segment revenue to net income