General Motors reported second-quarter earnings that exceeded Wall Street estimates, with adjusted earnings per share of $2.53 compared to the expected $2.44. Despite a 35.4% decline in net income year-over-year, the company affirmed its full-year guidance, which accounts for a potential $4 billion to $5 billion impact from ongoing tariffs imposed by the Trump administration. GM's revenue for the quarter was $47.12 billion, slightly above expectations, but it marked the first year-over-year revenue decline since late 2023.

The automaker is actively working to mitigate tariff impacts, claiming progress in reducing expected cost increases by at least 30% through manufacturing adjustments and pricing strategies. CEO Mary Barra emphasized the company's commitment to adapting to new trade policies while maintaining a focus on long-term profitability. However, the second half of the year is expected to be more challenging due to increased tariff exposure, as GM will face two quarters affected by tariffs.