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Jun 30, 2023
GM Q2 2023 Earnings Report
GM's Q2 2023 earnings were released, revealing increased revenue and net income compared to the same period last year, and full-year earnings guidance was raised.
Key Takeaways
General Motors reported a strong second quarter with revenue reaching $44.7 billion and net income attributable to stockholders of $2.6 billion. The company's EBIT-adjusted was $3.2 billion. The company also updated its full-year 2023 guidance for the second consecutive quarter.
Second-quarter revenue reached $44.7 billion.
Net income attributable to stockholders was $2.6 billion.
EBIT-adjusted stood at $3.2 billion.
Full-year 2023 earnings guidance was raised.
GM
GM
GM Revenue by Segment
Revenue by Segment
GM North America Revenue
CapyFin.comGM International Revenue
CapyFin.comGM Financial Revenue
CapyFin.com Forward Guidance
GM is updating its full-year 2023 guidance for the second consecutive quarter.
Positive Outlook
- U.S. GAAP net income attributable to stockholders of $9.3 billion-$10.7 billion, compared to the previous outlook of $8.4 billion-$9.9 billion
- EBIT-adjusted of $12.0 billion-$14.0 billion, compared to the previous outlook of $11.0 billion-$13.0 billion
- U.S. GAAP net automotive cash provided by operating activities of $18.0 billion-$21.0 billion, compared to the previous outlook of $16.5 billion-$20.5 billion
- Adjusted automotive free cash flow of $7.0 billion-$9.0 billion, compared to the previous outlook of $5.5 billion-$7.5 billion
- Capital expenditures of $11 billion-$12 billion, compared to the previous outlook of $11 billion-$13 billion
Revenue & Expenses
Visualization of income flow from segment revenue to net income