GM raises its 2026 outlook after a stronger-than-expected profit quarter, but tariff and EV pressures have not disappeared

📌 GM released its Q1/2026 results at 17:30 WIB on April 28, with revenue of $43.62 billion coming close to expectations, while adjusted EPS reached $3.70, well above what the market had expected.
💡 The positive point came from cost control and continued strength in North America, helping adjusted EBIT reach $4.3 billion, with a margin near 10% despite ongoing pressure across the auto industry.
📈 Management raised its full-year adjusted EBIT outlook to $13.5–15.5 billion and adjusted EPS guidance to $11.50–13.50, showing confidence in the company’s operating resilience for the rest of the year.
⚠️ Still, the picture is not risk-free, as GM recorded $1.1 billion in special charges related to its EV strategy reset and supplier negotiations, while 2026 tariff costs could still remain around $2.5–3.5 billion.
🔎 Overall, this report leans positive for GM thanks to the earnings beat and upgraded guidance, but the longer stock reaction will still depend on actual tariff refund cash flow, input costs, and how quickly the EV segment stabilizes.
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