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2w ago

GM Beats Q2 Estimates and Raises 2026 Guidance as Markets Brace for Tesla and Alphabet Reports

GM’s stronger quarter shows cost and tariff moves are lifting profit while investors pivot to Tesla’s cash burn and Alphabet’s cloud revenue as the next proofs of strategy.

The GM logo is displayed at the new location of General Motors Headquarters in Detroit, Michigan, U.S. January 12 2026. REUTERS Rebecca Cook
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The Google logo is seen outside the company's offices in London, Britain, June 24, 2025. REUTERS/Carlos Jasso/File Photo
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Overview

  • GM reported stronger-than-expected Q2 results on Tuesday, posting $48.03 billion in revenue and $3.57 in adjusted earnings per share while raising full-year guidance.
  • The company said its multibillion-dollar EV pullback has produced about $10.9 billion in accounting charges and that EV losses should improve by $1.0 to $1.5 billion versus last year.
  • Tesla is set to report Q2 results after the close on Wednesday, July 22, with analysts watching a forecast jump in capital spending and a large, expected negative free cash flow for the quarter.
  • Tesla’s Q2 delivery report showed 480,126 vehicles delivered and a reduction in inventory, and the firm still holds 11,509 BTC whose unrealized gains or losses appear on the income statement and could sway crypto markets.
  • Alphabet will also report after the close on Wednesday, July 22, and investors are focused on Google Cloud revenue — roughly a $22.4 billion consensus — as the key test of whether heavy AI investment is translating to sales.