General Motors Co Quarterly Report for Q1 Ended Mar 31, 2026

Summary

General Motors (GM) reported its first-quarter 2026 financial results, showing a slight decrease in total net sales and revenue to $43.6 billion, down from $44.0 billion in the prior year's quarter. This marginal decline was primarily driven by lower automotive net sales, partially offset by growth in GM Financial's revenue. Operating income saw a decrease to $2.9 billion from $3.4 billion year-over-year, impacting net income attributable to stockholders, which fell to $2.6 billion ($2.82 per diluted share) from $2.8 billion ($3.35 per diluted share). The company's financial performance reflects ongoing strategic adjustments, particularly concerning its Electric Vehicle (EV) strategy and the impact of new tariffs. GM incurred significant charges related to its EV capacity reassessment and manufacturing footprint alignment, as well as additional costs from ongoing commercial negotiations. Despite these headwinds, GM maintained a strong liquidity position with total Automotive available liquidity of $33.2 billion.

Key Highlights

• 1Total net sales and revenue decreased slightly to $43.62 billion for Q1 2026, down from $44.02 billion in Q1 2025.
• 2Operating income declined to $2.93 billion in Q1 2026, compared to $3.35 billion in Q1 2025.
• 3Net income attributable to stockholders decreased to $2.63 billion ($2.82 per diluted share) in Q1 2026, from $2.78 billion ($3.35 per diluted share) in Q1 2025.
• 4GM recognized additional charges of $1.1 billion in Q1 2026 related to its EV capacity reassessment and ongoing commercial negotiations.
• 5GM Financial's revenue increased to $4.28 billion, up from $4.16 billion in the prior year quarter.
• 6Total Automotive available liquidity stood at $33.2 billion as of March 31, 2026.
• 7The company announced an increase to its share repurchase program capacity by $6.0 billion in January 2026.

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