GM raises FY guidance following strong Q1 revenue of $43.6B

General Motors (NYSE:GM) reported its first-quarter 2026 financial results on Tuesday, April 28, headlined by a revenue beat and an upward revision to its full-year profit outlook.

The Detroit automaker posted revenue of $43.6 billion and net income attributable to stockholders of $2.6 billion.

EBIT-adjusted for the quarter reached $4.3 billion, demonstrating the continued earnings power of its truck and SUV portfolio.

The company benefited from a favorable $0.5 billion tariff-related adjustment during the quarter, which provided an unexpected tailwind to its bottom line.

Consequently, GM raised its full-year 2026 EBIT-adjusted guidance.

The company now expects net income attributable to stockholders to fall between $9.1 billion and $10.1 billion, with EBIT-adjusted projected in the range of $12.5 billion to $14.5 billion.

While the top-line results were strong, the quarterly report noted some year-over-year pressure.

Both automotive operating cash flow and diluted earnings per share (EPS) declined compared to the first quarter of 2025, reflecting higher capital expenditures as GM continues to scale its Ultium battery platform and software-defined vehicle initiatives.

In line with its capital return strategy, the Board of Directors declared a quarterly cash dividend of $0.18 per share.

The dividend is payable on June 18, 2026, to shareholders of record as of the close of business on June 5, 2026.

GM's updated 2026 guidance also narrowed its forecast for automotive free cash flow to a range of $8 billion to $10 billion.