Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth 
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech 
Samsung Electronics America to Cut 739 New Jersey Jobs as Texas Headquarters Move Advances 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
Volvo Cars Q2 Profit Falls as Automaker Bets on EX60 EV to Drive Recovery 
Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Tesla Stock Outlook: Strong EV Sales Boost Earnings, but AI Projects Drive Long-Term Value 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
Nationwide Data Center Protests Highlight Growing Backlash Against AI Expansion 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors 
SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave 
GameStop Raises eBay Stake to 9.8% as Ryan Cohen Pushes $56 Billion Takeover Bid 
KKR, AEW Seek China Property Sales as Commercial Real Estate Slump Deepens 
General Motors (NYSE: GM) reported stronger-than-expected second-quarter 2026 earnings on Tuesday, beating Wall Street estimates on both profit and revenue while raising its full-year financial guidance for the second time this year.
The Detroit-based automaker posted adjusted earnings per share of $3.57, exceeding analysts’ expectations of $3.18. Revenue climbed 1.9% year over year to $48.0 billion, also topping the consensus forecast of $46.99 billion and improving from $47.1 billion in the same quarter last year.
Following the results, General Motors increased its 2026 adjusted EPS guidance to $12.00-$14.00, compared with its previous outlook of $11.50-$13.50. The midpoint of $13.00 is above analysts’ average estimate of $12.79. The company also raised its adjusted EBIT forecast to $14.0 billion-$16.0 billion, up from the prior range of $13.5 billion-$15.5 billion. Adjusted automotive free cash flow guidance was lifted to $9.5 billion-$11.5 billion, compared with the earlier outlook of $9.0 billion-$11.0 billion.
Despite the upbeat financial performance and improved outlook, GM shares fell about 3.3% in early trading after the earnings release.
Adjusted EBIT for the quarter increased 29.8% to $3.9 billion, compared with $3.0 billion a year earlier. Meanwhile, net income attributable to stockholders declined to $1.3 billion from $1.9 billion in the prior-year quarter. The company’s adjusted EBIT margin improved to 8.2%, up from 6.4% in the second quarter of 2025.
GM North America remained the primary growth driver, generating $3.4 billion in adjusted EBIT with an 8.6% margin, compared with $2.4 billion and a 6.1% margin a year earlier. GM International recorded adjusted EBIT of $190 million, while China equity income reached $83 million. GM Financial contributed $605 million in adjusted earnings before tax.
The automaker also reported strong cash generation. Automotive operating cash flow rose 9% year over year to $5.1 billion, while adjusted automotive free cash flow jumped 78% to $5.0 billion from $2.8 billion. In addition, GM’s board declared a quarterly dividend of $0.18 per share, payable on September 17, 2026, to shareholders of record as of September 4, 2026.
