General Motors (GM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 28, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

3.18

Last Year’s EPS

2.53

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 19 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 28, 2026|

% Change Since:

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

GM raised 2026 EBIT‑adjusted guidance by $500M to $13.5B–$15.5B (Q1 EBIT‑adjusted was $4.3B) and lifted adjusted diluted EPS to $11.50–$13.50; it reiterated a North America margin target of 8%–10% (Q1 NA EBIT‑adjusted $3.7B, 10.1% including ~1.5 pts from a $0.5B tariff adjustment, netting to 8.6%). Management now assumes incremental commodity/logistics/DRAM inflation of $1.5B–$2B for the year (up $500M, roughly equally weighted over the next three quarters) and full‑year gross tariff costs of $2.5B–$3.5B (Q1 included ~$200M incremental tariff costs); SAAR is assumed in the low‑16M range. EV actions: Q1 EV charges were $1.1B (≈$1B cash impact), $5.6B of EV‑related cash charges recorded since H2‑2025 with $2.6B paid as of Mar‑31 and $600M more paid in April, and management still expects a $1B–$1.5B benefit from rightsizing EV capacity for the calendar year. Other guidance/metrics: warranty tailwind ~$1B for the year (Q1 improvement ≈$200M); OnStar recognized revenue guide $3.1B (+15% YoY) with ~13M subscribers by year‑end (Q1 recognized >$750M, ARPU ≈$20/month, deferred revenue $5.8B at Q1 and ~ $7.5B expected for year); adjusted auto free cash flow $9B–$11B (heavier H2 weighting); GM Financial EBT‑adjusted $2.5B–$3B (Q1 EBT‑adjusted $700M); and capital actions included $800M of buybacks in Q1 (≈11M shares at $75.02), $164M dividends, $19B cash on hand and $5.5B remaining on the repurchase authorization.

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.

General Motors (GM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 28, 2026	2026 (Q2)	3.18 / -	2.53	―	―	―
Apr 28, 2026	2026 (Q1)	2.66 / 3.70	2.78	33.09% (+0.92)
Jan 27, 2026	2025 (Q4)	2.26 / 2.51	1.92	30.73% (+0.59)
Oct 21, 2025	2025 (Q3)	2.29 / 2.80	2.96	-5.41% (-0.16)
Jul 22, 2025	2025 (Q2)	2.34 / 2.53	3.06	-17.32% (-0.53)
Apr 29, 2025	2025 (Q1)	2.68 / 2.78	2.62	6.11% (+0.16)
Jan 28, 2025	2024 (Q4)	1.89 / 1.92	1.24	54.84% (+0.68)
Oct 22, 2024	2024 (Q3)	2.38 / 2.96	2.28	29.82% (+0.68)
Jul 23, 2024	2024 (Q2)	2.70 / 3.06	1.91	60.21% (+1.15)
Apr 23, 2024	2024 (Q1)	2.13 / 2.62	2.21	18.55% (+0.41)

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	$77.96	$78.95	+1.27%
Jan 27, 2026	$79.24	$86.17	+8.75%
Oct 21, 2025	$57.75	$66.33	+14.86%
Jul 22, 2025	$52.84	$48.55	-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.