General Motors Co reported results for the 2026 quarter with revenue of $48.03B, net income of $1.29B and diluted EPS of $1.41, compared with $47.12B, $1.87B and $1.91, respectively, in the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$48.03B$47.12B1.9% | Net income²$1.29B$1.87B(31%) | Diluted EPS³$1.41$1.91(26.2%) |
¹ Reported as “Total net sales and revenue (Note 2)”. ² Reported as “Net income (loss) attributable to common stockholders”. ³ Reported as “Diluted earnings per common share”.
Business Highlights
- Revenue growth and mix: Automotive net sales rose modestly as GMNA pricing strength offset lower volumes, supporting improved EBIT‑adjusted margins.
- Channel and sales shift: Retail demand remained strong with lean dealer inventories while a higher fleet mix year‑over‑year weighed on overall profitability.
- Brand and regional momentum: U.S. pickup and SUV lineup delivered higher margins; restructuring in the China JV lowered volumes but improved JV earnings discipline.
- Operational milestones: EV strategy realignment led to significant charges and cash payments as manufacturing and EV capacity are being adjusted to boost profitability.
- Services and software: Growth in software‑enabled services and subscriptions contributed positively to other revenue streams.
Original SEC Filing:
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