General Motors Company ( GM ) stock fell Tuesday after reporting first-quarter 2026 results.

Quarterly Details

The company reported first-quarter adjusted earnings per share of $3.70, beating the analyst consensus estimate of $2.62.

Quarterly sales of $43.624 billion (down 0.9% year over year) outpaced the Street view of $43.542 billion.

Adjusted EBIT in the quarter under review jumped 21.9% to $4.253 billion, while the respective margins expanded to 9.7% from 7.9% in the year-ago period.

A Reuters report said the automaker’s quarterly net income fell 6% year over year to $2.6 billion, largely due to a $1.1 billion charge tied to supplier claims related to slowing electric-vehicle programs.

“Our EBIT-adjusted of $4.3 billion surpassed our expectations even after excluding a $500 million tariff adjustment following a recent U.S. Supreme Court decision,” said CEO Mary Barra in her letter to the shareholders.

“Complementing our performance in North America was our 6th consecutive profitable quarter in China, and higher year-over-year results in GMI, excluding China,” Barra added.

The company exited the quarter with cash and equivalents worth $19.80 billion. Inventories totaled $15.59 billion.

General Motors’ CFO said the company incurred approximately $200 million in incremental gross tariff costs during the first quarter. The comment was made during a conference call discussing the automaker’s quarterly financial performance.

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Dividend

General Motors ( GM ) declared a quarterly cash dividend on the company’s outstanding common stock of 18 cents per share, payable June 18, 2026, to holders of the company’s common stock at the close of trading on June 5, 2026.

Outlook

General Motors ( GM ) raised its 2026 adjusted EPS guidance to a range of $11.50 to $13.50 from the prior $11.00 to $13.00. The updated outlook compares with the consensus estimate of $12.23.

The firm lowered its 2026 GAAP EPS guidance to $10.62–$12.62 from the prior $11.00–$13.00. The revised outlook compares with the consensus estimate of $11.24.

“Looking forward, we remain focused on delivering 8–10% North America margins this year, OnStar, including Super Cruise, is contributing to high-margin revenue growth, and we are advancing automated driving technology in ways that differentiate GM,” the CEO said. “We are clearly operating in a very dynamic environment, which isn’t unusual for this industry.”

“We are raising our full-year EBIT-adjusted guidance by $500 million, to a range of $13.5 billion to $15.5 billion,” Barra added.

GM Price Action: General Motors ( GM ) shares were down 3.30% at $75.39 at the time of publication on Tuesday, according to Benzinga Pro data.

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