General Motors (GM) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the latest quarter, driven by strong performance in the automotive segment. Comparisons with both the preceding quarter and the same period a year earlier show robust gains.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the latest quarter, driven by strong performance in the automotive segment. Comparisons with both the preceding quarter and the same period a year earlier show robust gains.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$41.3B
Revenue reported for this quarter.
Quarter-over-quarter
+12.6%
Change from the immediately preceding quarter.
Year-over-year
+26.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$156.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $38.7B | +65.2% |
| Dec 31, 2022 | $39.8B | +31.2% |
| Mar 31, 2023 | $36.6B | +11.6% |
| Jun 30, 2023 | $41.3B | +26.5% |
Revenue performance
Reported revenue rose for the quarter, reflecting higher net sales and revenue from the automotive business.
Quarterly comparison
Compared with the immediately preceding quarter, revenue improved. When set against the same quarter one year earlier, revenue was also higher.
What to watch
Monitor the impact of the voluntary separation program and other adjustments on future operating costs.