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

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Earnings Data

Report Date

Apr 28, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

2.54

Last Year’s EPS

2.78

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 18 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 27, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a balanced picture: strong cash generation, disciplined capital returns (buybacks/dividend increase), market share gains and significant product and software momentum (OnStar/Super Cruise, China NEV turnaround) underpin positive forward guidance for 2026 (EBIT $13–15B, FCF $9–11B). Those positives are tempered by large, near‑term EV-related charges and cash obligations ($7.6B aggregate in Q3/Q4 of 2025 with ~$4.6B cash expected), ongoing tariff costs (~$3B+), commodity and supply cost pressures, and production downtime tied to model transitions. Management expects many of the negative items to be smaller or to normalize in 2026–2027, and highlighted operational and technology initiatives to restore margins, but the sizable one‑time EV and tariff impacts leave the call mixed rather than clearly positive or negative.

Company Guidance

GM guided 2026 to EBIT adjusted of $13–$15 billion (midpoint $14B), adjusted diluted EPS of $11–$13 ($12 midpoint) and adjusted automotive free cash flow of $9–$11 billion ($10B midpoint), with gross tariff costs expected at $3–$4B (Q1 ~$750M–$1B) and North America margins targeted to return to ~8–10%; it plans $10–$12B of annual capex in 2026–27 (including ~ $5B to expand U.S. capacity), expects $1–$1.5B of benefit from right‑sizing EV capacity, anticipates ~$1B of warranty improvement vs. 2025, sees ~ $400M of incremental high‑margin OnStar/Super Cruise revenue and deferred software/services revenue rising to ~ $7.5B (from $5.4B), while flagging $1–$1.5B of near‑term headwinds for onshoring/software and another $1–$1.5B from commodities/DRAM/FX; GM Financial is forecast to deliver EBT adjusted of $2.5–$3B, and the board approved a new $6B buyback authorization and a 20% dividend increase to $0.18 per share.

Strong Full-Year Financial Performance

Full-year EBIT adjusted of $12.7B and adjusted automotive free cash flow of $10.6B in 2025 drove a year-end cash balance of $21.7B; management cites nearly $25B of free cash flow generated over the past two years and structural improvement in average annual free cash flow from ~$3B to ~$10B over five years.

Robust Capital Returns to Shareholders

Returned $6B via share repurchases in 2025 (including $2.5B in Q4; 33M shares retired in Q4), $23B returned since Nov 2023, outstanding share count reduced by ~35% (~465M shares), board approved new $6B repurchase authorization and increased quarterly dividend by 20% to $0.18 per share; stock price appreciation of >170% since late Nov 2023 and total investor return of 54% in 2025.

Commercial Momentum and Market Share Gains

Achieved highest U.S. full-year market share in a decade and 60 basis points market share gain in 2025; led industry in full-size pickups and full-size SUVs; best-ever year in crossovers driven by redesigned Equinox and Traverse; strong retail successes (e.g., Chevrolet Trax named to Car and Driver 10 Best list).

OnStar, Super Cruise and Software/Services Growth

Record OnStar subscribers at 12M and Super Cruise subscribers >120k (nearly 80% YoY growth); OnStar Fleet subscriptions 2M (2x any competitor); deferred revenue from software and services expected to grow to ~$7.5B by end of 2026 (~+40% vs 2025); management expects ~$400M of incremental high‑margin revenue from OnStar/software including Super Cruise in 2026.

China New Energy Vehicle (NEV) Turnaround

China NEV sales nearly 1 million units in 2025, representing >50% of China sales and described as profitable across all price points; management expects China and international operations to be profitable in 2026.

Positive 2026 Financial Guidance and Margin Target

2026 guidance: EBIT adjusted $13B–$15B, adjusted diluted EPS $11–$13, and adjusted automotive free cash flow $9B–$11B; management expects North America EBIT adjusted margins to return to ~8%–10% in 2026 (midpoint of guidance supports this outcome).

Operational and Technology Initiatives

Progress on cost and productivity initiatives: planned LMR battery chemistry (targeted 2028) to reduce cell/pack costs, next‑gen software‑defined vehicle architecture (2028) with 10x OTA capacity and 1,000x bandwidth, robotics and AI use cases improving weld quality and safety, and engineering efficiencies (20% savings in material/tooling via virtual tools).

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
Apr 28, 2026	2026 (Q1)	2.54 / -	2.78	―	―	―
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)
Jan 30, 2024	2023 (Q4)	1.16 / 1.24	2.12	-41.51% (-0.88)

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
Jan 27, 2026	$79.43	$86.38	+8.75%
Oct 21, 2025	$57.88	$66.49	+14.88%
Jul 22, 2025	$52.97	$48.67	-8.12%
Apr 29, 2025	$46.87	$46.58	-0.62%

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.