General Motors (GM) reported first-quarter 2026 adjusted earnings of $3.70 per share, a 33% increase from $2.78 in the same period last year, surpassing the Zacks Consensus Estimate of $2.61 by 41.8%. Revenue reached $43.62 billion, down 0.9% year-over-year, and missed the consensus mark by 0.7%. The EBIT-adjusted was $4.25 billion, a year-over-year increase of 21.9%, equating to a margin of 9.7%.
In the United States, GM delivered 626,000 vehicles, maintaining its sales leadership with a dealer inventory of 516,000 units, a 6% decline from last year. The GM North America segment recorded net revenues of $36.4 billion, decreasing from $37.4 billion a year ago, while total vehicle sales in this segment fell to 793,000 from 827,000 units. Full-year EBIT-adjusted guidance has been raised to $13.5-$15.5 billion, and the company anticipates gross tariff costs to lower to $2.5-$3.5 billion for 2026.
As of the end of Q1, GM’s cash and cash equivalents stood at $19.8 billion, while automotive long-term debt was $15.52 billion. The company repurchased $0.8 billion in stock during the quarter and plans a quarterly dividend of 18 cents per share to be paid on June 18, 2026. Special items related to EV realignment charges amounted to $1.08 per share on an adjusted basis.
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