{"id":758871,"date":"2026-04-28T11:57:22","date_gmt":"2026-04-28T11:57:22","guid":{"rendered":"https:\/\/www.europesays.com\/us\/758871\/"},"modified":"2026-04-28T11:57:22","modified_gmt":"2026-04-28T11:57:22","slug":"gm-earnings-top-estimates-company-raises-profit-forecast-after-supreme-court-ruling-reduces-tariff-costs","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/758871\/","title":{"rendered":"GM earnings top estimates, company raises profit forecast after Supreme Court ruling reduces tariff costs"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">General Motors (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/GM\/\" data-i13n=\"slk:GM;cpos:1;pos:1\" data-ylk=\"slk:GM;slk:GM;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;1&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;GM&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">GM<\/a>) on Tuesday morning reported first quarter profits that topped estimates and raised its full-year forecast as the company\u2019s tariff exposure decreased more than expected.<\/p>\n<p class=\"yf-1fy9kyt\">GM posted Q1 revenue of $43.62 billion, against an estimated $43.68 billion, down slightly from the $44 billion reported a year ago. The company reported Q1 adjusted earnings per share of $3.70 against $2.62 expected and $2.78 a year ago. Its adjusted EBIT (earnings before interest and taxes) came in at $4.253 billion, up 22% compared to a year ago.<\/p>\n<p class=\"yf-1fy9kyt\">GM also raised its full-year 2026 EBIT adjusted guidance due to a favorable adjustment of approximately $500 million resulting from the Supreme Court decision nullifying some of President Trump\u2019s tariffs. The tariff adjustment also improved its North America region margins.<\/p>\n<p class=\"yf-1fy9kyt\">For the full year, GM now expects:<\/p>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">Adjusted EBIT of $13.5 billion-$15.5 billion (prior $13 billion-$15 billion)<\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">Adjusted earnings per share of $11.50-$13.50 (prior $11 &#8211; $13)<\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">Adjusted automotive free cash flow of $9 billion-$11 billion (unchanged)<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1fy9kyt\">Its gross tariff costs for the year are expected to fall in a range of $2.5 billion-$3.5 billion, down from a prior $3 billion-$4 billion forecast. GM reported $3.1 billion in tariff expense last year.<\/p>\n<p class=\"yf-1fy9kyt\">\u201cWe have solid momentum in our core operations: 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% of the market, and we were #1 in Fleet, including Commercial deliveries. In addition, we were #2 in EVs with growing market share, and #1 in Canada,\u201d GM CEO Mary Barra said in her shareholder letter.<\/p>\n<p class=\"yf-1fy9kyt\">Read more:\u00a0<a rel=\"nofollow noopener\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/taxes\/article\/what-is-a-tariff-194059448.html\" data-i13n=\"slk:What Trump&#039;s tariffs mean for the economy and your wallet;cpos:2;pos:1\" data-ylk=\"slk:What Trump&#039;s tariffs mean for the economy and your wallet;slk:What Trump&#039;s tariffs mean for the economy and your wallet;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;2&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;What Trump&#039;&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">What Trump&#8217;s tariffs mean for the economy and your wallet<\/a><\/p>\n<p class=\"yf-1fy9kyt\">GM previously said it plans to invest $10 billion-$12 billion annually in 2026 and 2027, including roughly $5 billion to expand US manufacturing capacity, in order to lift domestic production to 2 million units a year.<\/p>\n<p class=\"yf-1fy9kyt\">Earlier this month, GM said Q1 US sales fell 9.7% from a year ago to 626,429 vehicles, though the automaker held onto its US sales crown thanks to a strong March, which helped claw back ground lost during a winter-storm-disrupted January and February.<\/p>\n<p class=\"yf-1fy9kyt\">GM said that year-over-year comparisons were skewed by an exceptionally strong Q1 last year, before President Trump\u2019s tariffs went into effect on April 1.<\/p>\n<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2026\/04\/e52856dc-2e91-4bab-8487-bd59e3025113.jpeg\" alt=\"The Chevrolet logo is displayed at the New York International Auto Show in New York, Thursday, April 2, 2026. (AP Photo\/Yuki Iwamura)\" loading=\"eager\" height=\"640\" width=\"960\" class=\"yf-lglytj  loaded\"\/> The Chevrolet logo is displayed at the New York International Auto Show in New York, Thursday, April 2, 2026. (AP Photo\/Yuki Iwamura)  \u00b7 ASSOCIATED PRESS     <\/p>\n<p class=\"yf-1fy9kyt\">GM grew its share in full-size pickups in the quarter, with the Chevrolet Silverado accounting for more than 128,000 deliveries \u2014 over 20% of GM&#8217;s total US volume \u2014 while full-size SUV sales for the Tahoe, Suburban, and GMC Yukon remained strong.<\/p>\n<p class=\"yf-1fy9kyt\">GM\u2019s EV sales continued to decline, falling 19% in the quarter. GM reported it remained the No. 2 electric vehicle seller in the US despite the declines.<\/p>\n<p class=\"yf-1fy9kyt\">Read more: <a rel=\"nofollow noopener\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/insurance\/article\/ev-insurance-153443980.html\" data-i13n=\"slk:Electric car prices may be easing, but EV insurance costs remain high;cpos:3;pos:1\" data-ylk=\"slk:Electric car prices may be easing, but EV insurance costs remain high;slk:Electric car prices may be easing, but EV insurance costs remain high;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;3&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Electric car prices may be easing, but EV insurance costs remain high&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">Electric car prices may be easing, but EV insurance costs remain high<\/a><\/p>\n<p class=\"yf-1fy9kyt\">GM updated its EV-related charges and cash payments due to a \u201cright-sizing,\u201d or decreasing of its EV footprint. The company said its EBIT hit starting from the second half of last year through Q1 was $3.0 billion in non-cash charges, and $5.6 billion in cash charges. The company paid $2.6 billion in cash charges in Q1, and expects most of the cash charges to occur by the end of the year.<\/p>\n<p class=\"yf-1fy9kyt\"><a rel=\"nofollow noopener\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/news\/gm-to-take-additional-6-billion-charge-to-ev-business-210915547.html\" data-i13n=\"slk:GM took $6.6 billion in EV-related charges;cpos:4;pos:1\" data-ylk=\"slk:GM took $6.6 billion in EV-related charges;slk:GM took $6.6 billion in EV-related charges;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;4&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;GM took $6.6 billion in EV-related charges&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">GM took $6.6 billion in EV-related charges<\/a> in the back half of 2025 as it reset its expectations for the segment. GM said it expects to &#8220;recognize material, but significantly smaller, cash and non-cash EV-related charges in 2026.&#8221;<\/p>\n<p>   <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Photo by: NDZ\/STAR MAX\/IPx 2026 4\/1\/26 A 2026 Chevrolet Tahoe Z71 on display at the New York International Auto Show at the Javits Convention Center in New York on April 1, 2026.\" loading=\"lazy\" height=\"640\" width=\"960\" class=\"yf-lglytj loader\"\/> A 2026 Chevrolet Tahoe Z71 on display at the New York International Auto Show at the Javits Convention Center in New York on April 1, 2026.  \u00b7 NDZ\/STAR MAX\/IPx   <\/p>\n<p class=\"yf-1fy9kyt\">GM\u2019s report comes as US consumers face new-car prices averaging $50,000, with financing costs still relatively high.<\/p>\n<p class=\"yf-1fy9kyt\">High gas prices have also put consumers under pressure, making affordability a key concern for automakers. GM and rival Ford (<a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/quote\/F\/\" data-i13n=\"slk:F;cpos:5;pos:1\" data-ylk=\"slk:F;slk:F;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;5&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;F&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">F<\/a>) pushed deeper into higher-priced trucks and SUVs in recent years, which may be a concern should US consumers seek more fuel-efficient and cheaper vehicles.<\/p>\n<p class=\"yf-1fy9kyt\">Pras Subramanian is Lead Auto Reporter for Yahoo Finance. You can follow him on<a class=\"link \" href=\"https:\/\/twitter.com\/Pras_S\" data-i13n=\"slk: X;cpos:6;pos:1\" rel=\"sponsored nofollow noopener\" target=\"_blank\" data-ylk=\"slk:X;slk: X;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;6&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot; X&quot;,&quot;yHasCommerce&quot;:false}\"> X<\/a> and on<a class=\"link \" href=\"https:\/\/www.instagram.com\/pras_s\/\" data-i13n=\"slk: Instagram;cpos:7;pos:1\" rel=\"sponsored nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Instagram;slk: Instagram;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;7&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot; Instagram&quot;,&quot;yHasCommerce&quot;:false}\"> Instagram<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\"><a rel=\"nofollow noopener\" class=\"link \" href=\"https:\/\/finance.yahoo.com\/topic\/stock-market-news\/\" data-i13n=\"slk:Click here for the latest stock market news and in-depth analysis, including events that move stocks;cpos:8;pos:1\" data-ylk=\"slk:Click here for the latest stock market news and in-depth analysis, including events that move stocks;slk:Click here for the latest stock market news and in-depth analysis, including events that move stocks;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;8&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Click here for the latest stock market news and in-depth analysis, including events that move stocks&quot;,&quot;yHasCommerce&quot;:false}\" target=\"_blank\">Click 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forecast&hellip;\n","protected":false},"author":3,"featured_media":758872,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[64,62209,311942,66693,67,132,68],"class_list":{"0":"post-758871","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-earnings-per-share","10":"tag-ebit","11":"tag-general-motors","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/758871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=758871"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/758871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/758872"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=758871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=758871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=758871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}