The Zhitong Finance App learned that General Motors (GM.US) rose more than 4% to $79.30 on Tuesday. According to the news, on July 21, GM announced financial results for the second quarter: adjusted profit before interest and tax (EBIT) reached 3.9 billion US dollars, a sharp increase of 29.8% over the previous year. Adjusted earnings per share were $3.57, far exceeding expectations of $3.19; profit margins jumped from 6.4% to 8.2%. Revenue of $48.03 billion, up 1.9% year over year, also exceeded expectations.

Based on the strong momentum of the first half of the year, GM announced a second annual performance increase in 2026: this year's adjusted EBIT will be between US$14 billion and US$16 billion, higher than the April forecast of US$13.5 billion to US$15.5 billion for 2026, and higher than the January forecast of US$13 billion to US$15 billion. The adjusted median earnings per share guide was $13, higher than analysts' unanimous expectations of $12.79.

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