GM: revenue $48.0B, net income $1.30B. GM posts EV realignment charges, EPA compliance write-down as Q2 operating income falls 31%

Filed July 21, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 22, 2025 · ~1 min read

Key Changes

• high

  Operating income fell YoY to $1.46B while revenue rose to $48.0B, driven by EV strategic realignment charges (supplier negotiations, contract losses) and a write-down of compliance-related assets following EPA's April 2026 repeal of GHG regulations.

  MD&A: EV Strategic Realignment & EPA Endangerment Repeal verify on EDGAR →
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  Privacy settlement accrual of added for OnStar Smart Driver data collection matters (FTC and California regulators); total litigation accruals rose.

  Legal Proceedings: Privacy Settlement verify on EDGAR →
• high

  Reasonably possible indirect tax loss estimate plunged, suggesting resolution or favorable developments in significant tax disputes; filing does not disclose the driver.

  Legal Proceedings & Notes: Indirect Tax Exposure verify on EDGAR →