General Motors Co. in Detroit today reported first-quarter 2026 revenue of $43.6 billion, net income attributable to stockholders of $2.6 billion, and EBIT-adjusted of $4.3 billion.
Revenue was down $395 million (0.9 percent) from the same period in 2025. Net income slipped $157 million (5.7 percent) from Q1 last year. The EBIT adjusted showed a $764 million improvement (21.9 percent) compared to 2025.
The company says it’s raising its full-year 2026 EBIT adjusted guidance due to a favorable adjustment of approximately $0.5 billion resulting from the U.S. Supreme Court decision regarding certain U.S. tariffs that were paid under the International Emergency Economic Powers Act. The company now expects gross tariff costs of $2.5 billion to $3.5 billion in 2026, down from the original estimate of $3 billion to $4 billion.
“We have solid momentum in our core operations,” wrote Mary Barra, chair and CEO of GM in a letter to investors. “We maintained overall sales leadership in the U.S. and Canada. We led the U.S. industry in full-size pickup sales and share, with 42 percent of the market, and we were No. 1 in fleet, including commercial deliveries. In addition, we were No. 2 in EVs with growing market share, and No. 1 in Canada.
“Since we began refreshing our lineup in 2023, crossovers have grown from just over 40 percent of GM sales to more than 46 percent, and no one offers more budget-friendly choices,” she wrote. “At the same time, crossovers like the Chevrolet Trax and Equinox, the Buick Envista and GMC Terrain, and the Chevrolet Traverse and GMC Acadia, have become significant contributors to our profitability.”
GM also announced that its board of directors has declared a quarterly cash dividend on the company’s outstanding common stock of $0.18 per share, payable June 18, 2026, to holders of the company’s common stock at the close of trading on June 5, 2026.
