GM's Q1 2026 Earnings: A 41% Beat, $180M Dividend, & More

0:00It's May 2nd, I'm Cory with the story, and this is Durham News today, your AI-powered local news. General Motors just dropped their first quarter 2026 earnings, and it flipped the script on all that investor anxiety. Adjusted earnings per share hit $3.70, smashing the expected $2.62 by 41%. Adjusted EVID jumped 22% to $4.3 billion, even with revenue debing less than 1% to $43.6. They offset softer sales volumes through smart pricing and high cost controls, while a Supreme Court ruling on tariffs gave them a $500 million boost. Management bumped up full-year adjusted EPS guidance to between $11.50 and $13.50, and trimmed, tariff cost estimates too. Wall Street's feeling the vibe, City hiked their price target to $108 from $105, sticking with a buy rating. CEO Mary Barra highlighted leadership in US pickups with 42% share, number 2 in EVs, and

1:05crossovers now over 46% of. Sales plus 6 straight profitable quarters in China. Share buybacks slashed the share count to $926 million from $1,000,000,000, juicing EPS mechanically. They also declared a quarterly dividend of $0.18 per share, payable June $18. EPS linger from Middle East tensions inflating costs by $1.5 to $2 billion, EV restructuring hits, and upcoming pickup model. Changeovers that could pinch margins, stocks down 6.6% year-to-date at around $76,000, but up 70% over the past year, solid entry if you trust. Their execution with next earnings and tariffs as big watches.