General Motors Company Stock Earnings Reports

GM reported a strong Q1 2026 with disciplined execution across pricing, inventory and product mix. North America delivered an adjusted EBIT margin of 10.1% in Q1 (netting to 8.6% after removing a 1.5-point tariff accounting benefit) and the company reiterated a 2026 North America margin target of 8%–10%. GM raised full-year adjusted EBIT guidance by $0.5 billion to $13.5–$15.5 billion and raised adjusted diluted EPS guidance to $11.50–$13.50. Key operational highlights included leadership in full-size pickup share (42% U.S.), #1 fleet position, sixth consecutive profitable quarter in China, growing OnStar/digital services (Q1 recognized revenue > $750M, ~20% YoY growth), Super Cruise scaling toward ~850k subscribers by year-end and AI-driven autonomy/code generation progress. GM took additional EV-related charges of $1.1 billion in Q1 (about $1 billion of expected future cash impact) tied to contract cancellations and supplier commercial claims; management expects most of the remaining EV-related cash payments to occur in 2026 and to substantially resolve supplier claims in Q2. Management called out uncertainty and incremental commodity, freight and tariff-related cost pressure from the Iran conflict, and said they are pursuing cost offsets and conservatively watching developments before further guidance changes. GM maintains $9–$11 billion adjusted auto free cash flow guidance, continued capital returns (Q1 repurchases $800M, $5.5B remaining authorization) and a capital allocation priority of investing the business, balance sheet strength and returning excess to shareholders.