General Motors (GM) earnings Q1 2026

Key Points:

• General Motors exceeded Wall Street's first-quarter earnings expectations with adjusted earnings per share of $3.70 versus the expected $2.62, aided by a roughly $500 million benefit from a U.S. Supreme Court ruling on tariffs.
• The Supreme Court's decision invalidated certain tariffs imposed under President Trump's administration, potentially leading to $160 billion in refunds to companies, including GM, which has not yet received the refund but booked the benefit in Q1.
• GM raised its 2026 guidance, projecting adjusted earnings before interest and taxes between $13.5 billion and $15.5 billion, net income attributable to stockholders between $9.9 billion and $11.4 billion, and automotive operating cash flow of $16.8 billion to $20.8 billion.
• Excluding the tariff benefit, GM's first-quarter adjusted earnings still showed a 7.5% increase year-over-year, with CEO Mary Barra noting the quarter exceeded company expectations.
• For comparison, GM's first-quarter 2025 results included $44.02 billion in revenue, $2.78 billion in net income attributable to stockholders, and $3.49 billion in adjusted earnings before interest and taxes.