GM warns of 35,000 fewer trucks: General Motors stock sits 7.04 percent below its high

Published on 10/12/2026 at 11:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 1.90 percent to USD 48.0 billion. General Motors stock costs EUR 73.93 in trading on October 12, 2026 versus EUR 73.44.

Key points in brief

General Motors warned of 35,000 fewer truck deliveries during its next-generation pickup transition on September 16, 2026.
Second-quarter 2026 revenue rose 1.90 percent to USD 48.0 billion, while adjusted earnings per share increased 41.30 percent to USD 3.57.
The Lang & Schwarz price was EUR 73.93 on October 12, 2026, 0.67 percent above the Xetra close of EUR 73.44 on October 9, 2026.
Third-quarter results are scheduled for October 20, 2026, with the next fiscal-year report listed for January 27, 2027.

Extreme Makroaufnahme eines polierten Motorkolbens mit Pleuelstange, metallische Oberflächentextur — General Motors zeigt Motorkolben und Pleuelstange in einer extremen Makro Detailaufnahme metallischer Oberflächen, ISIN US37045V1008, Illustration mit AI erstellt.

General Motors (ISIN US37045V1008) faced a warning of 35,000 fewer truck deliveries during its next-generation pickup transition, a statement CFO Paul Jacobson made on September 16, 2026, as Yahoo Finance reported. The transition puts near-term vehicle volumes beside a stronger second-quarter earnings base.

Truck transition puts Q4 deliveries first

Paul Jacobson's warning points to a temporary supply and product-cycle issue rather than a change in the reported second-quarter revenue trend. The same September 16, 2026 report said management viewed 2027 as a difficult period for electric-vehicle growth, adding a second operational pressure point for the truck portfolio.

Second-quarter numbers reset the baseline

General Motors reported USD 48.0 billion of revenue in the second quarter of 2026, up 1.90 percent from the year-earlier period, according to Yahoo Finance on September 21, 2026. Adjusted earnings per share rose 41.30 percent to USD 3.57, while adjusted EBIT increased 29.80 percent to USD 3.94 billion.

The comparison is important because GAAP diluted earnings per share fell 26.00 percent year over year to USD 1.41, with one-time charges tied to electric-vehicle realignment and restructuring in China. General Motors therefore enters the truck transition with stronger adjusted operating figures but a wider gap between adjusted and GAAP performance.

What the truck transition means

Management raised full-year 2026 adjusted EBIT guidance to USD 14.0 billion-USD 16.0 billion from USD 13.5 billion-USD 15.5 billion and lifted adjusted earnings per share guidance to USD 12.00-USD 14.00 from USD 11.50-USD 13.50, according to Yahoo Finance. The higher outlook gives the delivery disruption a measurable counterweight, although the earnings impact of the pickup change will be tested in the fourth quarter.

Three dated milestones shape the setup

On July 21, 2026, General Motors reported second-quarter revenue of USD 48.0 billion and adjusted earnings per share of USD 3.57, according to Yahoo Finance. On July 21, 2026, it also raised adjusted earnings per share guidance to USD 12.00-USD 14.00 from USD 11.50-USD 13.50. On September 16, 2026, management identified 35,000 fewer truck deliveries during the pickup transition.

Next reporting dates

General Motors is scheduled to report third-quarter 2026 results on October 20, 2026, according to General Motors. The next fiscal-year 2026 report is listed for January 27, 2027, by Onvista.

GM stock stays below yearly high

General Motors was trading at EUR 73.93 at Lang & Schwarz on October 12, 2026 at 11:37 a.m. CEST, 0.67 percent above the Xetra close of October 9, 2026 at EUR 73.44. The quote stood 7.04 percent below the 52-week high of EUR 79.53, while market capitalization was EUR 66.4 billion as of October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of General Motors stock.