General Motors

9 billion. The company is raising its full-year 2026 EBIT-adjusted guidance for the second time this year. 98 based on its updated guidance and the impact of adjustments recorded year to date. These expected financial results do not include the potential impact of future adjustments related to special items. The table below shows the revised guidance and how it compares to prior guidance. 18 per share, payable September 17, 2026, to holders of the company's common stock at the close of trading on September 4, 2026. An overview of quarterly results and financial highlights appears below.

Visit the GM Investor Relations website to download the company's earnings deck and GM Chair and CEO Mary Barra's Letter to Shareholders. m. ET today to discuss these results. m. m. = not meaningful General Motors (NYSE: GM ) is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs. GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future.

com. S. federal securities laws. Forward-looking statements are any statements other than statements of historical fact and represent our current judgment about possible future events. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. S. Securities and Exchange Commission. We caution readers not to place undue reliance on forward-looking statements.

Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. 5 __________ (a) Refer to the reconciliation of Net income (loss) attributable to stockholders to EBIT-adjusted and segment profit (loss) for adjustment details. These expected financial results do not include the potential impact of future adjustments related to special items.

50 __________ (a) Refer to the reconciliation of diluted earnings per common share to EPS-diluted-adjusted for adjustment details. These expected financial results do not include the potential impact of future adjustments related to special items. 0 __________ (a) These expected financial results do not include the potential impact of future adjustments related to special items. General Motors Company and Subsidiaries 1 Combining Income Statement Information (In millions) (Unaudited) Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 Automotive GM Financial Reclassifications /Eliminations Combined Automotive Cruise GM Financial Reclassifications /Eliminations Combined Net sales and revenue Automotive $ 43,762 $ — $ — $ 43,762 $ 42,869 $ — $ — $ — $ 42,869 GM Financial — 4,267 (3) 4,264 — — 4,255 (2) 4,253 Total net sales and revenue 43,762 4,267 (3) 48,026 42,869 — 4,255 (2) 47,122 Costs and expenses Automotive and other cost of sales 40,696 — — 40,696 39,289 — — (1) 39,289 GM Financial interest, operating, and other expenses — 3,674 (1) 3,674 — — 3,567 — 3,567 Automotive and other selling, general, and administrative expense 2,199 — (2) 2,197 2,141 — — (2) 2,139 Total costs and expenses 42,896 3,674 (3) 46,567 41,431 — 3,567 (2) 44,995 Operating income (loss) 867 593 — 1,459 1,438 — 688 — 2,127 Automotive interest expense 151 — — 151 199 — — (1) 198 Interest income and other non-operating income, net 223 — — 223 367 — — (1) 366 Equity income (loss) 24 13 — 36 64 — 16 — 80 Income (loss) before income taxes $ 963 $ 605 $ — $ 1,568 $ 1,671 $ — $ 704 $ — $ 2,375 Income tax expense (benefit) 214 481 Net income (loss) 1,354 1,894 Net loss (income) attributable to noncontrolling interests (48) 1 Net income (loss) attributable to stockholders $ 1,305 $ 1,895 Net income (loss) attributable to common stockholders $ 1,287 $ 1,865 Six Months Ended June 30, 2026 Six Months Ended June 30, 2025 Automotive GM Financial Reclassifications /Eliminations Combined Automotive Cruise GM Financial Reclassifications /Eliminations Combined Net sales and revenue Automotive $ 83,111 $ — $ — $ 83,111 $ 82,729 $ 1 $ — $ — $ 82,730 GM Financial — 8,543 (4) 8,539 — — 8,419 (7) 8,412 Total net sales and revenue 83,111 8,543 (4) 91,650 82,729 1 8,419 (7) 91,141 Costs and expenses Automotive and other cost of sales 75,723 — 1 75,724 74,318 163 — (1) 74,480 GM Financial interest, operating, and other expenses — 7,276 (1) 7,275 — — 7,058 — 7,058 Automotive and other selling, general, and administrative expense 4,270 — (3) 4,266 4,016 111 — (2) 4,124 Total costs and expenses 79,993 7,276 (4) 87,265 78,334 274 7,058 (4) 85,662 Operating income (loss) 3,118 1,267 — 4,385 4,395 (273) 1,361 (4) 5,479 Automotive interest expense 309 — — 309 351 30 — (30) 350 Interest income and other non-operating income, net 530 (1) — 530 701 2 — (26) 676 Equity income (loss) 282 27 — 309 114 — 28 — 142 Income (loss) before income taxes $ 3,621 $ 1,294 $ — $ 4,915 $ 4,859 $ (301) $ 1,389 $ — $ 5,946 Income tax expense (benefit) 856 1,199 Net income (loss) 4,058 4,747 Net loss (income) attributable to noncontrolling interests (126) (68) Net income (loss) attributable to stockholders $ 3,932 $ 4,680 Net income (loss) attributable to common stockholders $ 3,901 $ 5,224 ________ 1 Certain columns and rows may not add due to rounding.

28 Potentially dilutive securities(b) — 6 — 6 __________ (a) Includes a $593 million return from the preferred shareholders related to the redemption of Cruise preferred shares from noncontrolling interest holders in the six months ended June 30, 2025. (b) Potentially dilutive securities attributable to Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) at June 30, 2026 and outstanding stock options, PSUs, and RSUs at June 30, 2025 were excluded from the computation of diluted earnings per share (EPS) because the securities would have had an antidilutive effect.

1 billion primarily due from GM Financial at December 31, 2025. (b) Eliminations primarily related to GM Financial accounts receivable due from Automotive. (c) Primarily reclassification of GM Financial Cumulative Perpetual Preferred Stock, Series A, B, and C. The preferred stock is classified as noncontrolling interests in our consolidated balance sheets. 3 billion in the six months ended June 30, 2026 and 2025 primarily driven by purchases/collections of wholesale finance receivables resulting from vehicles sold by GM to dealers that have arranged their inventory floor plan financing through GM Financial.

(b) Eliminations include intercompany funding activity from Automotive and GM Financial to Cruise in the six months ended June 30, 2025. (c) Eliminations include dividends issued by GM Financial to Automotive in the six months ended June 30, 2026 and 2025. Note: Certain intercompany transactions that are eliminated in consolidation are presented on a net basis. The following tables summarize key financial information (dollars in millions): GMNA GMI Corporate Eliminations Total Automotive Cruise GM Financial Reclassifications/ Eliminations Total Three Months Ended June 30, 2026 Net sales and revenue $ 39,912 $ 3,691 $ 159 $ — $ 43,762 $ — $ 4,267 $ (3) $ 48,026 Expenditures for property $ 1,834 $ 61 $ 30 $ — $ 1,924 $ — $ 18 $ — $ 1,942 Depreciation and amortization $ 1,649 $ 122 $ 6 $ — $ 1,777 $ — $ 1,325 $ — $ 3,102 Impairment charges $ 1 $ — $ — $ — $ 1 $ — $ — $ — $ 1 Equity income (loss)(a)(b)(c) $ (383) $ 82 $ (37) $ — $ (337) $ — $ 13 $ — $ (324) GMNA GMI Corporate Eliminations Total Automotive Cruise GM Financial Reclassifications/ Eliminations Total Three Months Ended June 30, 2025 Net sales and revenue $ 39,486 $ 3,326 $ 57 $ — $ 42,869 $ — $ 4,255 $ (2) $ 47,122 Expenditures for property $ 2,014 $ 89 $ 28 $ — $ 2,131 $ — $ 6 $ — $ 2,137 Depreciation and amortization $ 1,642 $ 131 $ 9 $ — $ 1,782 $ — $ 1,243 $ — $ 3,026 Impairment charges $ — $ 18 $ — $ — $ 18 $ — $ — $ — $ 18 Equity income (loss)(a)(b) $ 12 $ 77 $ (14) $ — $ 75 $ — $ 16 $ — $ 91 GMNA GMI Corporate Eliminations Total Automotive Cruise GM Financial Reclassifications/ Eliminations Total Six Months Ended June 30, 2026 Net sales and revenue $ 76,312 $ 6,550 $ 249 $ — $ 83,111 $ — $ 8,543 $ (4) $ 91,650 Expenditures for property $ 3,260 $ 113 $ 51 $ — $ 3,425 $ — $ 29 $ — $ 3,454 Depreciation and amortization $ 3,190 $ 241 $ 11 $ — $ 3,442 $ — $ 2,665 $ — $ 6,107 Impairment charges $ 26 $ — $ — $ — $ 26 $ — $ — $ — $ 26 Equity income (loss)(a)(b)(c) $ (247) $ 243 $ (82) $ — $ (85) $ — $ 27 $ — $ (58) GMNA GMI Corporate Eliminations Total Automotive Cruise GM Financial Reclassifications/ Eliminations Total Six Months Ended June 30, 2025 Net sales and revenue $ 76,873 $ 5,753 $ 103 $ — $ 82,729 $ 1 $ 8,419 $ (7) $ 91,141 Expenditures for property $ 3,719 $ 182 $ 39 $ — $ 3,940 $ 2 $ 10 $ — $ 3,953 Depreciation and amortization $ 3,230 $ 233 $ 36 $ — $ 3,499 $ 5 $ 2,456 $ — $ 5,959 Impairment charges $ — $ 18 $ — $ — $ 18 $ — $ — $ — $ 18 Equity income (loss)(a)(b) $ 255 $ 125 $ (14) $ — $ 366 $ — $ 28 $ — $ 394 __________ (a) Includes Automotive China joint ventures (Automotive China JVs) equity income (loss) of $83 million and $248 million in the three and six months ended June 30, 2026 and $71 million and $116 million in the three and six months ended June 30, 2025.

(b) Equity income (loss) related to Ultium Cells Holdings LLC, an equally owned joint venture with LG Energy Solution, is presented in Automotive and other cost of sales as this entity has historically been integral to the operations of our business by providing battery cells for our electric vehicles (EVs). Equity income (loss) related to Ultium Cell Holdings LLC was insignificant in the three and six months ended June 30, 2026 and insignificant and $252 million in the three and six months ended June 30, 2025. (c) Equity income (loss) in GMNA includes impacts of our portion of impairment charges for EV strategic realignment.

General Motors Company and Subsidiaries Supplemental Material 1 (Unaudited) General Motors Company (GM) uses both generally accepted accounting principles (GAAP) and non-GAAP financial measures for operational and financial decision making, and to assess Company and segment business performance. Our non-GAAP measures include: earnings before interest and taxes (EBIT)-adjusted, presented net of noncontrolling interests; earnings before income taxes (EBT)-adjusted for our General Motors Financial Company, Inc. (GM Financial) segment; earnings per share (EPS)-diluted-adjusted; effective tax rate-adjusted (ETR-adjusted); return on invested capital-adjusted (ROIC-adjusted) and adjusted automotive free cash flow.

GM's calculation of these non-GAAP measures may not be comparable to similarly titled measures of other companies due to potential differences between companies in the method of calculation. S. GAAP measures. These non-GAAP measures allow management and investors to view operating trends, perform analytical comparisons, and benchmark performance between periods and among geographic regions to understand operating performance without regard to items we do not consider a component of our core operating performance. Furthermore, these non-GAAP measures allow investors the opportunity to measure and monitor our performance against our externally communicated targets and evaluate the investment decisions being made by management to improve ROIC-adjusted.

Management uses these measures in its financial, investment, and operational decision-making processes, for internal reporting, and as part of its forecasting and budgeting processes. Further, our Board of Directors uses certain of these and other measures as key metrics to determine management performance under our performance-based compensation plans. For these reasons, we believe these non-GAAP measures are useful for our investors. EBIT-adjusted (Most comparable GAAP measure: Net income attributable to stockholders) EBIT-adjusted is presented net of noncontrolling interests and is used by management and can be used by investors to review our consolidated operating results because it excludes automotive interest income, automotive interest expense, and income taxes as well as certain additional adjustments that are not considered part of our core operations.

Examples of adjustments to EBIT include, but are not limited to, impairment charges on long-lived assets and other exit costs resulting from strategic shifts in our operations or discrete market and business conditions, and certain costs arising from legal matters. For EBIT-adjusted and our other non-GAAP measures, once we have made an adjustment in the current period for an item, we will also adjust the related non-GAAP measure in any future periods in which there is an impact from the item. Our corresponding measure for our GM Financial segment is EBT-adjusted because interest income and interest expense are an integral part of its financial performance.

EPS-diluted-adjusted (Most comparable GAAP measure: Diluted earnings per common share) EPS-diluted-adjusted is used by management and can be used by investors to review our consolidated diluted EPS results on a consistent basis. EPS-diluted-adjusted is calculated as net income attributable to common stockholders-diluted less adjustments noted above for EBIT-adjusted and certain income tax adjustments divided by weighted-average common shares outstanding-diluted. Examples of income tax adjustments include the establishment or release of significant deferred tax asset valuation allowances.

ETR-adjusted (Most comparable GAAP measure: Effective tax rate) ETR-adjusted is used by management and can be used by investors to review the consolidated effective tax rate for our core operations on a consistent basis. ETR-adjusted is calculated as Income tax expense less the income tax related to the adjustments noted above for EBIT-adjusted and the income tax adjustments noted above for EPS-diluted-adjusted divided by Income before income taxes less adjustments. S. GAAP measure may include significant adjustments that are difficult to predict.

ROIC-adjusted (Most comparable GAAP measure: Return on equity) ROIC-adjusted is used by management and can be used by investors to review our investment and capital allocation decisions. We define ROIC-adjusted as EBIT-adjusted for the trailing four quarters divided by ROIC-adjusted average net assets, which is the average equity balances adjusted for average automotive debt and interest liabilities, exclusive of finance leases; average automotive net pension and other postretirement benefits (OPEB) liabilities; and average automotive net income tax assets during the same period.

Adjusted automotive free cash flow (Most comparable GAAP measure: Net automotive cash provided by operating activities) Adjusted automotive free cash flow is used by management and can be used by investors to review the liquidity of our automotive operations and to measure and monitor our performance against our capital allocation program and evaluate our automotive liquidity against the substantial cash requirements of our automotive operations. We measure adjusted automotive free cash flow as automotive operating cash flow from operations less capital expenditures adjusted for management actions.

Management actions can include voluntary events such as discretionary contributions to employee benefit plans or nonrecurring specific events such as a closure of a facility that are considered special for EBIT-adjusted purposes. The following table reconciles Net income (loss) attributable to stockholders to EBIT-adjusted and segment profit (loss) (dollars in millions): Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net income (loss) attributable to stockholders $ 1,305 $ 1,895 $ 3,932 $ 4,680 Income tax expense (benefit) 214 481 856 1,199 Automotive interest expense 151 198 309 350 Automotive interest income (183) (200) (356) (391) Adjustments EV strategic realignment(a) 2,279 330 3,356 330 China restructuring actions(b) 177 140 99 140 Separation costs(c) — 87 — 87 Cruise restructuring(d) — 65 — 65 GMI exit costs(e) — 33 — 33 Headquarters relocation(f) — 8 — 34 Total adjustments 2,456 663 3,455 689 EBIT-adjusted 3,943 3,037 8,196 6,527 Operating segments GM North America (GMNA) 3,446 2,415 7,107 5,702 GM International (GMI) 190 204 314 234 Cruise — — — (273) GM Financial(g) 605 704 1,294 1,389 Total operating segments 4,241 3,323 8,714 7,051 Corporate and eliminations(h) (298) (286) (518) (524) EBIT-adjusted $ 3,943 $ 3,037 $ 8,196 $ 6,527 __________ (a) These adjustments were excluded because they relate to our strategic realignment of our EV capacity and manufacturing footprint, including Ultium's strategic realignment.

(b) These adjustments were excluded because they relate to restructuring activities associated with our operations in China, including an other-than-temporary impairment and restructuring charges recorded in equity earnings associated with our Automotive China JVs. (c) These adjustments were excluded because they relate to employee separation charges. (d) These adjustments were excluded because they relate to restructuring charges resulting from the plan to combine the Cruise and GM technical efforts to advance autonomous and assisted driving. The adjustments primarily consist of non-cash restructuring charges, supplier-related charges, and employee separation costs.

(e) These adjustments were excluded because they primarily relate to the wind down of our manufacturing operations in Columbia and Ecuador. (f) These adjustments were excluded because they relate to the GM headquarters relocation, primarily consisting of accelerated depreciation and other relocation expenditures. (g) GM Financial amounts represent EBT-adjusted. (h) GM's automotive interest income and interest expense, corporate expenditures, legacy costs from the Opel / Vauxhall Business (primarily pension costs), and certain revenues and expenses that are not part of a reportable segment are recorded centrally in Corporate.

31 __________ (a) Refer to the reconciliation of Net income (loss) attributable to stockholders to EBIT-adjusted and segment profit (loss) for adjustment details. (b) The tax effect of each adjustment is determined based on the tax laws and valuation allowance status of the jurisdiction to which the adjustment relates. (c) This adjustment consists of a return from the preferred shareholders related to the redemption of Cruise preferred shares from noncontrolling interest holders in the six months ended June 30, 2025. 1 % __________ (a) Refer to the reconciliation of Net income (loss) attributable to stockholders to EBIT-adjusted and segment profit (loss) for adjustment details.

These adjustments include Net income attributable to noncontrolling interests where applicable. The tax effect of each adjustment is determined based on the tax laws and valuation allowance status of the jurisdiction to which the adjustment relates. We define return on equity (ROE) as Net income (loss) attributable to stockholders for the trailing four quarters divided by average equity for the same period. Management uses average equity to provide comparable amounts in the calculation of ROE. 1 % __________ (a) Includes equity of noncontrolling interests where the corresponding earnings (loss) are included in Net income attributable to stockholders.

0 % __________ (a) Refer to the reconciliation of Net income (loss) attributable to stockholders to EBIT-adjusted and segment profit (loss) for adjustment details. (b) Includes equity of noncontrolling interests where the corresponding earnings (loss) are included in EBIT-adjusted. The following table reconciles Net automotive cash provided by operating activities to adjusted automotive free cash flow (dollars in millions): Three Months Ended Six Months Ended June 30, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net automotive cash provided by operating activities $ 5,071 $ 4,653 $ 5,604 $ 7,057 Less: Capital expenditures (1,924) (2,131) (3,425) (3,940) Add: EV strategic realignment 1,871 — 4,103 — Add: Legal Matters 13 — 13 — Add: GMI exit costs 2 8 6 12 Add: Buick dealer strategy — 305 — 465 Add: Separation costs — 86 — 139 Add: China restructuring actions — 9 — 9 Less: Ultium strategic realignment — (103) — (103) Adjusted automotive free cash flow $ 5,033 $ 2,827 $ 6,302 $ 3,639 General Motors Company and Subsidiaries Supplemental Material 1 (Unaudited) Vehicle Sales GM presents both wholesale and total vehicle sales data to assist in the analysis of our revenue and market share.

S. Government, and excludes vehicles sold by our joint ventures. Wholesale vehicle sales data correlates to GM's revenue recognized from the sale of vehicles, which is the largest component of Automotive net sales and revenue. S. , sales to large and small businesses, governments, and daily rental car companies); and (3) certain vehicles used by dealers in their business, including but not limited to courtesy transportation vehicles previously used by dealers that were sold to the end consumer. Total vehicle sales data includes all sales by joint ventures on a total vehicle basis, not based on our percentage ownership interest in the joint venture, including vehicle sales of non-GM trademarked vehicles, which are included in the total vehicle sales we report for China.

While total vehicle sales data does not correlate directly to the revenue GM recognizes during a particular period, we believe it is indicative of the underlying demand for GM's vehicles. Total vehicle sales data represents management's good faith estimate based on sales reported by our dealers, distributors, and joint ventures; commercially available data sources, such as registration and insurance data; and internal estimates and forecasts when other data is not available. , Ltd. , Ltd. (SGMW). (b) Cuba, Iran, North Korea, and Sudan have been subject to broad economic sanctions.

Accordingly, these countries are excluded from industry sales data and corresponding calculation of market share. As discussed above, total vehicle sales and market share data provided in the table above includes fleet vehicles. Certain fleet transactions, particularly sales to daily rental car companies, are generally less profitable than retail sales to end customers.