General Motors ( No. 18 on the Fortune 500) reported its Q2 earnings results on Tuesday. The company’s net income fell 35% from the same period last year, as higher costs and uncertainty surrounding the Trump administration’s automotive tariffs resulted in a $1.1 billion hit to its bottom line.

GM’s stock dropped more than 7% after carmaker reported$1.1 billion in tariff costs in the second quarter, despite mitigation efforts.

General Motors Co (GM) reports robust financial performance with record North American revenue and strategic investments, despite facing significant tariff impacts and EV market challenges.

Key Points Revenue (GAAP) reached $47.1 billion for Q2 2025, beating expectations with non-GAAP EPS of $2.53 (analyst estimate: $2.34) and GAAP revenue of $47,122 million (analyst estimate: $45,843.29 million) but down 1.