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Earnings Data
Report Date
Jul 21, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.18Last Year’s EPS
2.53Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely positive operational and financial picture for Q1 2026: strong adjusted EBIT, raised full-year guidance, solid cash balances, active capital return, continued profitability in China, and accelerating digital services (OnStar/Super Cruise) with meaningful recurring revenue growth. However, material near-term headwinds were clearly disclosed—notably large EV-related restructuring charges and cash outflows, elevated commodity and tariff costs, inventory constraints from planned downtime, and geopolitical uncertainty (Iran conflict) that could pressure costs and certain international markets. Management emphasized disciplined inventory and incentive management, active cost mitigation, and a multiyear strategy that supports confidence in achieving targeted North American margins, which leads to a cautiously optimistic overall view.Company Guidance
Strong Q1 Profitability
Q1 EBIT adjusted of $4.3 billion, roughly $750 million higher year-over-year (driven in part by tariff adjustment and other tailwinds). North America Q1 EBIT adjusted of $3.7 billion with a 10.1% margin (includes ~1.5 pts benefit from tariff adjustment; nets to ~8.6%).
Raised Full-Year Guidance
2026 EBIT adjusted guidance increased by $500 million to a range of $13.5 billion to $15.5 billion; EPS diluted adjusted guidance raised to $11.50–$13.50 from $11–$13.
Digital Services Momentum
OnStar/digital services recognized revenue in Q1 > $750 million, up over 20% year-over-year; calendar-year recognized revenue target $3.1 billion (up 15% YoY). Deferred revenue grew to $5.8 billion, up ~$2.0 billion (>50% YoY), with a year-end deferred revenue target of ~$7.5 billion (up >35% YoY). On track for ~13 million subscribers by end-2026 (net +1M YoY) and Q1 ARPU around $20/month.
Super Cruise Scale and Engagement
Super Cruise customers have driven 1 billion hands-free miles. Subscription base on pace to exceed ~850,000 by year-end with renewal trends of ~30%–40% and ~40% attachment rate after prepaid trial periods.
Market Share and Portfolio Strength
Leadership in full-size pickup sales and share (42% of U.S. market) and #1 in fleet (including commercial). EV market share in the U.S. exited the quarter at ~13%, up from ~10% in December 2025. Crossovers grew from just over 40% of sales to >46% since 2023 refresh, gaining ~2 percentage points of share in several models.
Inventory & Incentive Discipline
U.S. dealer inventory ended Q1 at 516,000 units (down ~6% YoY) and down ~9% for full-size pickups. U.S. incentive spend per vehicle remained more than ~2 percentage points below the industry average, demonstrating disciplined pricing/incentive strategy. Days of supply entering Q2 ~47.
China Profitability & GM International Stability
Sixth consecutive profitable quarter in China; China equity income (excluding plant sale gain) reported at ~$100 million. GM International (ex-China) delivered approximately $40 million in EBIT adjusted despite regional disruptions.
Solid Cash Position & Capital Returns
Ended Q1 with ~$19 billion of cash. Returned capital by paying $164 million in dividends and repurchasing $800 million of stock (retiring ~11 million shares at ~$75.02 average). ~$5.5 billion remaining on repurchase authorization. Maintaining adjusted auto free cash flow guide of $9–$11 billion for 2026.
GM Financial Performance
GM Financial delivered Q1 EBT adjusted of ~$700 million and continues to expect full-year EBT adjusted of $2.5–$3.0 billion, while proactively managing residual values and depreciation on its EV lease portfolio.
GM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $77.79 | $78.78 | +1.27% |
Jan 27, 2026 | $79.07 | $85.99 | +8.75% |
Oct 21, 2025 | $57.62 | $66.19 | +14.86% |
Jul 22, 2025 | $52.73 | $48.45 | -8.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does General Motors Company (GM) report earnings?
General Motors Company (GM) is schdueled to report earning on Jul 21, 2026, Before Open (Confirmed).
What is General Motors Company (GM) earnings time?
General Motors Company (GM) earnings time is at Jul 21, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GM EPS forecast?
GM EPS forecast for the fiscal quarter 2026 (Q2) is 3.18.
