General Motors (GM) and Ford Motor Company (F) reported strong Q1 earnings that surpassed Wall Street expectations, rekindling investor interest. GM’s Q1 EPS was $3.70, significantly above estimates of $2.61, and up from $2.78 in the same quarter last year. Ford posted an EPS of $0.66, beating expectations of $0.20 by 230%, compared to $0.14 in Q1 2022.
GM’s revenue reached $43.62 billion, just under forecasts of $43.93 billion, while Ford’s sales increased 6% to $39.81 billion, beating the estimated $39.34 billion. Both companies benefitted from tariff refunds: GM received a $500 million windfall, and Ford expects $1.3 billion to offset rising commodity costs. GM’s adjusted EBIT grew 22% YoY to $4.25 billion, and Ford’s adjusted EBIT more than tripled to $3.5 billion.
Looking ahead, GM raised its FY26 EPS guidance to $11.50-$13.50 and its adjusted EBIT outlook to $13.5-$15.5 billion, while Ford increased its adjusted EBIT guidance to $8.5-$10.5 billion. These developments suggest a more optimistic forecast for both automakers amid a competitive market.
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