General Motors (GM) posted $43.62bn in first-quarter 2026 revenue and increased its full-year adjusted EBIT forecast after a US Supreme Court decision on tariffs.
Revenue for the quarter was down 0.9% from the same period a year earlier.
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The carmaker now forecasts 2026 adjusted EBIT of $13.5bn to $15.5bn, compared with its previous guidance of $13bn to $15bn.
Its outlook for net income attributable to stockholders was lowered to between $9.9bn and $11.4bn.
Previously, the company had projected net income attributable to stockholders of $10.3bn to $11.7bn.
GM said the updated guidance takes account of a favourable US Supreme Court ruling on tariffs introduced under the International Emergency Economic Powers Act (IEEPA). GM said it was able to increase FY26 guidance due to lower gross tariff costs from an $0.5B IEEPA tariff adjustment:
- Previously: Gross tariff costs this year of $3.0–4.0bn
- Updated: Gross tariff costs this year of $2.5–3.5bn
Net income attributable to stockholders totalled $2.62bn in the first quarter, down from $2.78bn a year earlier.
Adjusted EBIT rose 21.9% to $4.25bn, from $3.49bn in the corresponding period last year.
GM’s automotive business remained its largest source of revenue, contributing $39.34bn, against $39.86bn a year earlier.
GM Financial recorded revenue of $4.27bn, compared with $4.16bn in the prior-year quarter.
Combined operating income fell to $2.92bn from $3.35bn in the first quarter of 2025.
Within that total, the automotive unit delivered $2.3bn in operating income, while GM Financial added $675m.
GM also announced a quarterly dividend under its capital returns programme.
Earlier this month, the company said it would invest more than $150m in its Saginaw Metal Casting Operations to back next-generation V-8 engine production.
The company said the investment would fund new equipment and tooling at the Saginaw site as part of broader manufacturing plans.
The facility will support production of sixth-generation V-8 engine blocks and heads for full-size pickup trucks.
