General Motors reported first-quarter adjusted earnings of $3.70 per share. This result significantly beat Wall Street expectations of $2.61 per share. Revenue reached $43.6 billion, remaining roughly flat year-over-year. The revenue figure slightly missed analyst forecasts. Robust sales of high-margin trucks in North America drove the strong profitability.
GM raised its full-year 2026 adjusted earnings (EBIT) guidance by $500 million. The new EBIT range is $13.5 billion to $15.5 billion. Management cited solid operational momentum and a favorable U.S. Supreme Court tariff ruling for the increase. The company also lifted its adjusted earnings per share forecast to between $11.50 and $13.50.
GM shares declined modestly despite the positive results and upgraded forecast. The market weighed the earnings beat against the revenue miss and a $1.1 billion charge. This charge relates to the company's moderated electric vehicle production plans.