General Motors (GM) released its Q2 2026 earnings yesterday, July 21, before the markets opened. The legacy automaker beat estimates and raised its 2026 guidance for the second time this year. Notably, the strong results are coming at a time when the automotive industry is battling some serious headwinds in the form of tariffs, higher gas prices, and an increase in input costs, particularly memory prices.
GM, meanwhile, defied the pessimism and reported a stellar set of numbers for Q2. However, while the strong Q2 performance led to a spike in GM shares yesterday, the stock is still in the red for the year. Let's analyze GM’s outlook and examine whether the stock is a “bargain” as CFO Paul Jacobson said in an interview with CNBC.
