General Motors (GM) said the company is raising 2026 EBIT adjusted guidance due to a favorable adjustment of approximately $0.5 billion resulting from the U.S. Supreme Court decision regarding certain U.S. tariffs that were paid under the International Emergency Economic Powers Act. The company now expects gross tariff costs of $2.5 billion to $3.5 billion in 2026, down from the original estimate of $3.0 billion to $4.0 billion. For 2026, adjusted EPS is now projected in a range of $11.50 - $13.50, revised from prior guidance range of $11.00 - $13.00. EPS is now projected in a range of $10.62 - $12.62, revised from prior guidance range of $11.00 - $13.00. EBIT -adjusted is now guided in a range of $13.5 billion - $15.5 billion, updated from prior guidance range of $13.0 billion - $15.0 billion.
For the first quarter, net income attributable to stockholders declined to $2.63 billion from $2.78 billion, last year. EPS was $2.82 compared to $3.35. EBIT-adjusted increased to $4.25 billion from $3.49 billion. EPS adjusted was $3.70 compared to $2.78. Revenue declined to $43.62 billion from $44.02 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.