General Motors is set to report earnings before the bell. Here's what Wall Street expects
General Motors has raised its 2026 earnings guidance after exceeding first-quarter earnings expectations. The company benefited from a Supreme Court decision regarding tariffs, which contributed to a significant increase in its earnings per share. Despite this, GM has lowered its net income forecast for the year due to special charges related to its electric vehicle strategy.
- ▪General Motors reported adjusted earnings per share of $3.70, significantly above the expected $2.62.
- ▪The company raised its 2026 adjusted earnings guidance to between $13.5 billion and $15.5 billion.
- ▪GM booked $1.1 billion in special charges related to its pullback in all-electric vehicles.
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| Original publisher | CNBC |
| Canonical URL | https://www.cnbc.com/2026/04/28/general-motors-gm-earnings-q1-2026.html |
| Publication time | Tue, 28 Apr 2026 04:01:01 GMT |
| Retrieval time | 2026-04-28T04:05:15.715Z |
| Last seen | 2026-04-28T04:05:15.715Z |
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Opening excerpt (first ~120 words) tap to expand
DETROIT — General Motors raised its 2026 guidance after significantly beating Wall Street's first-quarter earnings expectations following a roughly $500 million benefit from the U.S. Supreme Court decision to terminate and refund certain levies paid under President Donald Trump's tariffs.Here's how the company performed in the first quarter, compared with average estimates compiled by LSEG:Earnings per share: $3.70 adjusted vs. $2.62 expectedRevenue: $43.62 billion vs. $43.68 billion expectedShares of GM closed Tuesday at $78.95 per share, up 1.3%. The stock is off 2.9% in 2026, following a roughly 53% increase last year.GM's International Emergency Economic Powers Act tariff benefit was largely expected by Wall Street analysts, but the exact amount it would receive was unknown.
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