General Motors announced Q1 profits that exceeded expectations and improved its full-year outlook, driven by a larger-than-anticipated reduction in the company’s tariff exposure.
GM reported Q1 revenue of $43.62 billion, slightly below the estimated $43.68 billion, down from $44 billion a year earlier.
Q1 adjusted earnings per share were $3.70, surpassing the expected $2.62 and the $2.78 from last year.
Its adjusted EBIT reached $4.253 billion, a 22% increase compared to the previous year.
GM also raised its 2026 guidance after a roughly $500 million benefit from the U.S. Supreme Court decision to cancel and refund certain levies paid under President Donald Trump’s tariffs.
GM now expects earnings between $13.5 billion and $15.5 billion, or $11.50 to $13.50 a share, up 50 cents per share.
In a letter to shareholders, Mary Barra, GM Chair and CEO, said:
“In the first quarter of 2026, General Motors once again delivered strong financial performance, driven by our strategic product portfolio and disciplined execution by our teams, dealers, and suppliers.”
“We have solid momentum in our core operations: We maintained overall sales leadership in the U.S. and Canada. We led the U.S. industry in full-size pickup sales and share, with 42% of the market, and we were #1 in Fleet, including Commercial deliveries. In addition, we were #2 in EVs with growing market share, and #1 in Canada.”
“Complementing our performance in North America was our 6th consecutive profitable quarter in China, and higher year-over-year results in GMI, excluding China.”
“Looking forward, we remain focused on delivering 8–10% North America margins this year, OnStar, including Super Cruise, is contributing to high‑margin revenue growth, and we are advancing automated driving technology in ways that differentiate GM.”
“We are clearly operating in a very dynamic environment, which isn’t unusual for this industry. That’s why we have had a multi-year focus to ensure we have the right products, the right team, and a strong balance sheet supported by healthy cash flows to achieve our long-term goals and consistently execute our capital allocation strategy.”
GM shares rose roughly 5% during premarket trading following the announcement.
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By CEO NA Editorial Staff
