General Motors (NYSE:GM) Releases Quarterly Earnings Results

General Motors (NYSE:GM) (TSE:GMM.U) announced its quarterly earnings results on Tuesday. The auto manufacturer reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $1.12, FiscalAI reports. General Motors had a net margin of 1.46% and a return on equity of 14.72%. The company had revenue of $43.62 billion for the quarter, compared to the consensus estimate of $43.60 billion. During the same quarter in the prior year, the firm earned $2.78 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. General Motors updated its FY 2026 guidance to 10.620-12.620 EPS.

Here are the key takeaways from General Motors’ conference call:

• Q1 EBIT?adjusted $4.3B; company raised full?year EBIT?adjusted guidance to $13.5B–$15.5B and adjusted EPS to $11.50–$13.50, with North America delivering a 10.1% EBIT?adjusted margin (8.6% net of the tariff benefit).
• OnStar and digital services are scaling — Q1 recognized revenue >$750M (+20% YoY), management targets ~$3.1B for 2026 and ~13M subscribers by year?end; Super Cruise momentum (1B hands?free miles, ~850k subs expected) supports high?margin recurring revenue growth.
• GM recorded an additional $1.1B of EV?related charges in Q1 (?$1B future cash impact); total EV cash charges since H2 2025 are $5.6B with most remaining cash payments expected in 2026, pressuring near?term cash flow.
• The Supreme Court IEPA tariff decision provided a ?$0.5B accounting benefit that helped raise guidance, but refund timing is uncertain and free cash flow guidance was left unchanged.
• Management emphasized disciplined inventory and incentives — dealer supply was lean (~47 days entering Q2) and planned downtime for full?size pickup tooling constrained retail sales, but they expect to rebuild key product inventory without broad discounting.

General Motors Price Performance

GM stock opened at $78.86 on Wednesday. The stock has a market capitalization of $71.29 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 0.43 and a beta of 1.34. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. General Motors has a 52-week low of $44.72 and a 52-week high of $87.62. The stock’s fifty day simple moving average is $76.73 and its 200-day simple moving average is $76.29.

General Motors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, June 5th. General Motors’s dividend payout ratio is currently 23.92%.

Hedge Funds Weigh In On General Motors

Several large investors have recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. grew its holdings in General Motors by 0.7% in the 4th quarter. Sumitomo Life Insurance Co. now owns 19,477 shares of the auto manufacturer’s stock valued at $1,584,000 after buying an additional 127 shares during the period. UMB Bank n.a. boosted its position in shares of General Motors by 2.0% in the fourth quarter. UMB Bank n.a. now owns 6,887 shares of the auto manufacturer’s stock worth $560,000 after acquiring an additional 136 shares during the last quarter. First Manhattan CO. LLC. boosted its position in shares of General Motors by 0.4% in the fourth quarter. First Manhattan CO. LLC. now owns 32,683 shares of the auto manufacturer’s stock worth $2,658,000 after acquiring an additional 140 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in General Motors by 1.3% in the fourth quarter. CreativeOne Wealth LLC now owns 11,394 shares of the auto manufacturer’s stock valued at $927,000 after purchasing an additional 145 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in General Motors by 0.4% in the fourth quarter. Arkadios Wealth Advisors now owns 43,118 shares of the auto manufacturer’s stock valued at $3,506,000 after purchasing an additional 188 shares during the period. 92.67% of the stock is currently owned by hedge funds and other institutional investors.

General Motors declared that its Board of Directors has authorized a share repurchase program on Tuesday, January 27th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the auto manufacturer to buy up to 8.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

GM has been the topic of a number of recent research reports. Bank of America initiated coverage on General Motors in a research note on Wednesday, March 4th. They issued a “buy” rating and a $105.00 target price on the stock. Wolfe Research raised General Motors from a “peer perform” rating to an “outperform” rating and set a $96.00 price target for the company in a report on Wednesday, March 25th. Jefferies Financial Group upped their price objective on General Motors from $85.00 to $97.00 and gave the company a “hold” rating in a research report on Monday, February 2nd. Wall Street Zen cut General Motors from a “buy” rating to a “hold” rating in a research report on Sunday, January 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of General Motors from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $91.25.

Key Headlines Impacting General Motors

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: Q1 beat and profit/guidance lift — GM reported Q1 adjusted EPS well above expectations and raised full?year adjusted EBIT guidance, aided by an expected ~$500M tariff refund from a Supreme Court ruling; that combination is the primary driver of upside sentiment. GM’s core profit rises 22% on strong US truck sales
• Positive Sentiment: Dividend declared — GM announced a quarterly dividend (record June 5, payable June 18), returning cash to shareholders and supporting sentiment for income-focused investors. GM releases 2026 first-quarter results, declares quarterly dividend
• Positive Sentiment: Product & software upside — GM is rolling out digital in?car personalization for current/older models, underlining software/recurring?revenue opportunities that analysts cite as margin drivers. GM Adds Digital In-Car Personalization to Current, Older Models
• Neutral Sentiment: Analyst estimate tweaks — Erste Group slightly trimmed its FY2026 and FY2027 EPS forecasts (small downgrades), but consensus estimates remain close to company guidance; this is a modest headwind rather than a market-moving revision.
• Negative Sentiment: Supply/cost worries — Coverage flagged memory?chip and other supplier issues as a risk that could pressure margins or production, which helped erase some intraday gains after the beat. GM Earnings Survived the Oil Shock. The Memory Chip Problem Is Another Thing.
• Negative Sentiment: Profit-taking after mixed top-line — some traders sold into the rally because revenue was roughly flat/near estimates and broader market concerns (macro, AI headlines) reduced appetite for cyclical names, causing earlier gains to pull back. GM shares slip despite earnings beat, raised outlook on tariff relief boost

About General Motors

General Motors Company (NYSE: GM) is a global automotive manufacturer headquartered in Detroit, Michigan, that designs, builds and sells cars, trucks, crossovers and electric vehicles, and provides related parts and services. Founded in 1908, GM has long been one of the world’s largest automakers and has evolved into a multi-brand company whose primary marques include Chevrolet, GMC, Cadillac and Buick. Beyond vehicle manufacturing, GM’s operations encompass vehicle financing, connected services and advanced mobility initiatives.

GM develops and markets a broad portfolio of products and technologies, including internal-combustion and battery-electric vehicles, vehicle components and on-board connectivity services.