General Motors Company (GM) Q1 2026 (USD): EPS 3.70 (exp. 2.60), Revenue 43.6bln (exp. 43.51bln)

Newsquawk StaffPublished 28 Apr 2026, 10:50 UTC

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General Motors Company (GM) Q1 2026 (USD): EPS 3.70 (exp. 2.60), Revenue 43.6bln (exp. 43.51bln)

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North America EBIT adj. margin of 10.1%, including 1.5ppts benefit from the tariff adjustment

GUIDANCE

FY EPS view 11.50-13.50 (exp. 12.20)
Raising FY26 EBIT adj. guidance due to a favourable adjustment of approximately USD 500mln from the US Supreme Court decision regarding certain tariffs that were paid under the International Emergency Economic Powers Act
Expects tariff-driven inflation in raw materials, computer chips, and logistics to weigh on its bottom line by USD 1.5-2bln this year

COMMENTARY

Exec says it is on track to achieve FY26 North American margin of between 8-10%
Says it is making progress in right-sizing EV capacity and manufacturing footprint
Working to right-size battery supply chain with our joint venture partners

Context

General Motors reported Q1 2026 earnings significantly above expectations, with EPS at $3.70 compared to the $2.60 forecast. The company's strong performance is bolstered by favorable tariff adjustments, allowing for a raised guidance for FY EPS and EBIT, despite anticipated headwinds from inflation in raw materials and logistics. This suggests a solid outlook for GM, particularly in the context of ongoing adjustments in their EV strategy and manufacturing capabilities.

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