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General Motors (GM) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
General Motors (GM) reported revenue of $43.6B for the first quarter 2026 (Q1 2026), -0.9% from a year earlier and -4% from the quarter before. Operating margin was 6.7%, net earnings $2.6B (6.0% of revenue).
General Motors, Q1 2026: revenue $43.6B (-0.9% year over year), operating margin 6.7%, net earnings $2.6B, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.6B | -4% | -0.9% |
| Operating profit | $2.9B | — | -13% |
| Net earnings | $2.6B | — | -6% |
| Operating cash flow | $3.0B | -57% | -51% |
| Free cash flow | $1.4B | -60% | -66% |
What changed
Revenue was $43.6B in Q1 2026, down 1% year over year and down 4% from the previous quarter. Vehicle, parts, and accessories was the largest line at 86% of revenue. Vehicle, parts, and accessories lost $0.83B year over year (down 2%), 209% of the total change.
Operating profit was $2.9B, a 6.7% margin (down 0.9 points year over year). Total costs grew 0% against a revenue fall of 1%. Net earnings were $2.6B, down 6% year over year. The effective tax rate was 19.2%.
Operating cash flow was $3.0B (down 51% year over year), 109% of net income including minority interests. Non-cash charges added back $3.0B of depreciation and amortization. Working capital and other items used $2.8B. Capital expenditures of $1.5B left free cash flow of $1.4B.
Questions
What was General Motors' revenue in the first quarter 2026?
General Motors (GM) reported revenue of $43.6B for the first quarter 2026 (Q1 2026), -0.9% from a year earlier and -4% from the quarter before.
Was General Motors profitable in the first quarter 2026?
Operating profit was $2.9B (6.7% of revenue) and net earnings $2.6B.
Source: General Motors 10-Q on SEC EDGAR.