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Sentiment · FY2026 Q1
A pre-earnings brief is ready for GM: the setup, what peers and partners said this season, and which analysts to watch. Reading it is a Tellvest Pro feature.
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we know General Motors. We love Mary. Amazing. You know, have one of her new Escalade IQ. She's tired of me telling her how much I love it. Expanding Salesforce across the automotive cloud Data three sixty MuleSoft, agent for sales, agent for service”
General Motors is expanding its Salesforce footprint across Automotive Cloud, Data 360, MuleSoft, AgentForce and Slack (scaling to 96,000 employees), a large enterprise expansion.
“We are partnering with GM to build the next-gen vehicles, factories, and robots using NVIDIA Corporation's AI simulation and accelerated computing.”
GM is partnering with NVIDIA on AI simulation and accelerated computing for next-generation vehicles, factories, and robots.
“GM made some pretty bullish comments a week or so ago on their near-term spending plans in North America”
An analyst cites GM's recent bullish North America spending commentary as a potential positive demand signal for Rockwell's automotive business.
“GM and NVIDIA announced a collaboration on Arm-based DRIVE AGX platforms for next-generation vehicles.”
GM partnered with NVIDIA on Arm-based DRIVE AGX autonomous-vehicle compute platforms, extending Arm's automotive silicon reach into next-generation vehicle programs.
“We were recently awarded the GM Supplier of the Year Award for the twenty-first year in a row.”
FedEx highlights a 21-year consecutive GM Supplier of the Year award as evidence of a deepening automotive logistics relationship, part of its push to grow high-margin B2B automotive volumes.
“In addition to completing the transition of the General Motors credit card program last August”
Goldman Sachs completed exiting the General Motors co-branded credit card program, ending that consumer partnership.
“we are already collaborating with GM on the development of electric drive systems”
onsemi is co-developing vertical-GaN electric drive systems with GM, pointing to GM EV powertrain development activity.
“from General Motors to Sonos to L'Oreal to the Benetton Group, to Keurig Dr. Pepper, to Amer Sports, who owns incredible brands like Wilson, Solomon and Peak Performance, all moving to Shopify.”
General Motors is cited as a major enterprise brand moving to Shopify in Q4, a customer win read-through (enterprises replacing homegrown e-commerce systems).
“we now are completely exited from the GM card platform.”
Goldman has fully exited the GM card platform as it retreats from consumer cards. Read-through: GM's former card-issuing partner Goldman has completed its exit.
“GM was talking about $6,000,000,000 of tariffs. You know? And you got other players in our sector talking about big numbers in tariffs.”
Snap-on's CEO cites GM's roughly $6 billion tariff exposure as an example of the tariff pressure weighing on automotive OEMs and the broader sector.
“I'm unaware of any robot program by Ford or GM”
Musk contrasts Tesla's Optimus humanoid-robot effort against legacy automakers, implying GM has no comparable humanoid-robotics program.
“you were fortunately sitting on an 88-day supply of F-Series more than GM at 70 days”
An analyst benchmarks Ford's F-Series inventory (88 days) against GM's ~70 days, a competitive inventory read-through in full-size pickups.
“We incurred incremental costs for alternate chip sourcing related to Nexperia totaling $100 million in Q4 and we anticipate another $100 million of pressure in Q1 2026.”
A disruption at chip supplier Nexperia forced GM into costlier alternate sourcing ($100M in Q4 and another $100M expected in Q1 2026), a negative read-through on Nexperia's supply reliability.
“The recent announcement that Apple will broadcast F1 exclusively in the U.S. will put the Cadillac brand in homes of multiple audiences”
GM expects Apple's exclusive U.S. F1 broadcast rights to expand Cadillac brand exposure via its new Formula 1 team.
“We've now done integration with Google Maps, so our vehicles can follow a planned route when Super Cruise is engaged.”
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dan Levy | Barclays | 12 (8%) |
| Emmanuel Rosner | Wolfe Research | 12 (8%) |
| Joe Spak | UBS | 12 |
GM integrated Google Maps into Super Cruise so vehicles can follow a planned route, a product partnership with Alphabet's Google.
“the specific situation around Novelis, we are minimally impacted. We've been able to find alternative sources.”
GM says a supply disruption at aluminum supplier Novelis has minimal impact because it has secured alternative sources.
“And Lithium Americas, I think, is another strong investment that we've made.”
GM points to its investment in Lithium Americas as part of building North American battery raw-material supply resiliency.
“we really have a strong partnership with Hyundai that we'll continue to evaluate as we go forward for additional opportunities.”
GM highlights its vehicle co-development partnership with Hyundai as a way to share R&D and capital and improve competitiveness.
“You have higher margins and higher growth than Tesla and you trade at 6x earnings, not 200x earnings.”
An analyst contrasts GM favorably against Tesla on margins and growth despite GM's far lower valuation multiple.
“to sell our joint venture-owned cell plant in Michigan to LG Energy Solution”
GM is selling its stake in the JV-owned Michigan battery cell plant to LG Energy Solution as it rightsizes EV capacity.
“Tesla is still seen as the benchmark in Western EVs. By many. Maybe you're now the new benchmark. Or the new emerging benchmark. But in Western EVs, they're still the big the big dog. But if you remove ZEV credits, which is probably appropriate, and downstream retail, they're loss making.”
An analyst characterized Tesla's EV unit economics as loss-making once ZEV credits and downstream retail are excluded, questioning how GM can be profitable in EVs where Tesla reportedly cannot; Barra declined to comment directly on Tesla.
“This includes key investments in our battery joint ventures such as Altium Cell's production of LMR and LFP chemistries as well as our partnership with Samsung SDI.”
Samsung SDI is named as a battery joint-venture partner receiving part of GM's capital investment in cell production.
“We have also confirmed that Altium sells Springhill and Tennessee will begin producing LFP cells developed by our Korean partner LGES in addition to high nickel pouch cells starting in late 2027. The new lithium manganese rich or LMR chemistry that we are developing with LGES will be another game changer because of its unique balance of energy density, charging capability, and cost efficiency.”
LG Energy Solution (LGES) is co-developing next-generation LFP and LMR battery chemistries with GM, expanding cell production at the Spring Hill, Tennessee plant starting late 2027.
“Today, GM's second Life EV batteries are being repurposed by Redwood Materials. In addition, we're finalizing an agreement with Redwood to supply battery modules to Redwood Energy, their new energy storage business which has been formed to meet surging power demand for AI data centers and other applications.”
Redwood Materials is expanding its business with GM into battery recycling and a new supply deal for its energy-storage unit, Redwood Energy, targeting AI data center demand.
| Itay Michaeli | TD Cowen | 10 (0%) |
| Mike Ward | Citigroup | 10 (0%) |
| Ryan Brinkman | JPMorgan | 9 (0%) |
| Mark Delaney | Goldman Sachs | 8 (0%) |
| Adam Jonas | Morgan Stanley | 8 (13%) |
| Chris McNally | Evercore ISI | 6 (17%) |
| John Murphy | Bank of America | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 2 | 12 (8%) |
| Barclays | 1 | 12 (8%) |
| Wolfe Research | 1 | 12 (8%) |
| UBS | 1 | 12 (0%) |
| Citigroup | 1 | 10 (0%) |
| TD Cowen | 1 | 10 (0%) |
| JPMorgan | 1 | 9 (0%) |
| Bank of America | 3 | 8 (0%) |
GM closed FY2025 with Q4 revenue down 5% and adjusted EPS of $2.51 as $7.6 billion in aggregate H2 EV restructuring charges weighed on results. Full-year EBIT came in at the high end of the guided range, and 54% of adjusted earnings were returned to shareholders. New FY2026 guidance of $13-$15 billion EBIT and $11-$13 EPS was introduced, targeting 8-10% North America margin recovery with a $6 billion buyback authorization and 20% dividend increase.
Trade Tariffs | Innovation & R&D | Cost Pressure | Margin | Competitive Dynamics | Pricing | Regulation Policy | Demand | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 2 | 5 | 1 | 3 | 3 | 2 |
| 2025Q1 | 10 | 3 | 2 | 1 | 2 | 1 | 3 | 1 |
| 2025Q2 | 4 | 1 | 2 | 2 | 3 | 1 | 2 | 1 |
| 2025Q3 | 5 | 2 | 1 | 3 | 3 | 3 | 3 | 3 |
| 2025Q4 | 1 | 4 | 3 | 4 | 3 | 3 | 1 | 2 |
| 2026Q1 | 1 | 4 | 7 | 1 | 4 | 3 | 2 | 5 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Trade Tariffs | 3 | 10 | 4 | 5 | 1 | 1 |
| Innovation & R&D | 3 | 3 | 1 | 2 | 4 | 4 |
| Cost Pressure | 2 | 2 | 2 | 1 | 3 | 7 |
| Margin | 5 | 1 | 2 | 3 | 4 | 1 |
| Competitive Dynamics | 1 | 2 | 3 | 3 | 3 | 4 |
| Pricing | 3 | 1 | 1 | 3 | 3 | 3 |
| Regulation Policy | 3 | 3 | 2 | 3 | 1 | 2 |
| Demand | 2 | 1 | 1 | 3 | 2 | 5 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
GM General Motors | 7 | -0.9% | |
| F Ford Motor Company | 9 | +6.4% |