GM Crushes Q1 2026, Earnings Surge Amid Tariff Win

0:00General Motors just crushed their first quarter 2026 earnings, posting adjusted earnings per share of $3.70, way above Wall Street's $2.62 guess. A big boost came from a $500 million win tied to a Supreme Court ruling that struck down some tariffs as illegal. Even without that tariff cash, which they booked but haven't collected yet, GM's core business grew about 7.5% over year. A new dip to touch to $43.62 billion, what adjusted earnings before interest in taxes jumped 22% to $4.3 billion, thanks to smart cost cuts in solid North America sales. CEO Mary Barra stressed their edge in the market, holding top spots in U.S. and Canada sales, dominating 42% of full-size pickups, leading fleet deliveries, and ranking number 2 in electric vehicles. Houseovers now make up over 46% of sales, spreading profits beyond trucks, while China

1:00marks six straight profitable quarters. They took a $1.1 billion hit from unwinding some electric vehicle deals, adding to last year's charges in trimming net income and cash flow guides. Still, they bum full-year adjusted earnings before interest and taxes outlawed by $500 million to $13.5 to $15.5 billion and cut expected tariff costs. JP Morgan lifted their price target to $98, keeping an overweight rating, as shares sit strong of nearly 65% over the past year. With refunds pending in margins and focus, GM's proving resilient heading into the rest of 2026. That's your update from Durham News Today, powered by AI.