General Motors Prepares to Unveil Q1 Earnings Amid EV Write-Downs and Market Pressures

General Motors (GM) is gearing up to release its first-quarter earnings before the market opens, with Wall Street bracing for a modest dip in both revenue and earnings per share compared to last year.

Analysts surveyed by LSEG anticipate adjusted earnings per share to hit $2.62 on revenue of approximately $43.68 billion. This reflects a slight 1% decline in sales and a 5.8% drop in EPS versus the prior year's first quarter.

In the first quarter of 2025, GM reported revenues of around $44.02 billion and net income attributable to shareholders of $2.78 billion, alongside adjusted earnings before interest and taxes registering at $3.49 billion.

Investors will be tuning in not just for the headline numbers, but also for any updates on the automaker's 2026 outlook and the ongoing repercussions of its $7.6 billion electric vehicle write-downs announced earlier. The company alluded to additional charges this year, though expected to be less significant than last year's.

Geopolitical tensions stemming from the Iran war and complications related to tariffs could also factor into GM's earnings report, along with the effects of its strategic retreat in some electric vehicle markets.

The official earnings call is scheduled for 8:30 a.m. ET, where GM's leadership will provide further color on the quarter's results and guidance for 2026.

The company's current 2026 guidance projects net income between $10.3 billion and $11.7 billion, adjusted EBIT between $13 billion and $15 billion, and EPS ranging from $11 to $13, all of which would mark improvements over last year's performance.

Aside from GM, other automakers like Ford and Stellantis are also reporting earnings, highlighting a pivotal moment for the sector as electric vehicle investments, supply chain struggles, and shifting consumer demand remain in focus.

It's a quarter that could reveal whether General Motors' recent course corrections on its EV ambitions are stabilizing its bottom line or adding to the pressure in a rapidly changing industry landscape.