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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $47.70B | +11.0% | $-1.53 | -196.2% | 10.2% | 3.2% | -6.2% | $-3.13B |
| FY2025 Q1 | $44.02B | +2.3% | $3.35 | +30.9% | 12.1% | 7.6% | 6.3% | $33M |
| FY2025 Q2 | $47.12B | -1.8% | $1.91 | -24.8% | 9.1% | 4.5% | 4.0% | $392M |
| FY2025 Q3 | $48.59B | -0.3% | $1.35 | -49.6% | 6.4% | 2.2% | 2.7% | $4.97B |
| FY2025 Q4 | $45.29B | -5.1% | $-3.60 | -135.3% | -2.5% | -8.1% | -7.3% | $5.68B |
| FY2026 Q1 | $43.62B | -0.9% | $2.84 | -15.2% | 11.5% | 6.7% | 6.0% | $1.44B |
| FY2026 Q2 | $48.03B | +1.9% | $1.39 | -27.2% | 7.6% | 3.0% | 2.7% | $4.41B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Revenue declined 0.9% with adjusted EPS of $2.78 as GM navigated ongoing EV restructuring charges and Iran conflict-driven commodity cost inflation. Q1 EBIT of $4.3 billion surpassed expectations even after excluding a $500 million tariff adjustment, and full-size pickup leadership continued despite lean inventory. Management raised FY2026 EPS guidance from $11-$13 to $11.50-$13.50, a 4.2% midpoint increase, while OnStar digital services revenue grew over 20%.
Trade Tariffs | Innovation & R&D | Cost Pressure | Margin | Competitive Dynamics | Demand | Pricing | Regulation Policy | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 2 | 5 | 1 | 2 | 3 | 3 |
| 2025Q1 | 10 | 3 | 2 | 1 | 2 | 1 | 1 | 3 |
| 2025Q2 | 4 | 1 | 2 | 2 | 3 | 1 | 1 | 2 |
| 2025Q3 | 5 | 2 | 1 | 3 | 3 | 3 | 3 | 3 |
| 2025Q4 | 1 | 4 | 3 | 4 | 3 | 2 | 3 | 1 |
| 2026Q1 | 1 | 4 | 7 | 1 | 4 | 5 | 3 | 2 |
| '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 |
| Demand | 2 | 1 | 1 | 3 | 2 | 5 |
| Pricing | 3 | 1 | 1 | 3 | 3 | 3 |
| Regulation Policy | 3 | 3 | 2 | 3 | 1 | 2 |
| 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 | 14 (14%) |
| Emmanuel Rosner | Wolfe Research | 14 (14%) |
| Joe Spak | UBS | 14 (7%) |
| Itay Michaeli | TD Cowen | 12 (0%) |
| Mike Ward | Citigroup | 12 (0%) |
| Mark Delaney | Goldman Sachs | 10 (0%) |
| Ryan Brinkman | JPMorgan | 9 (0%) |
| Adam Jonas | Morgan Stanley | 8 (13%) |
| Chris McNally | Evercore ISI | 6 (17%) |
| Andrew Percoco | Morgan Stanley | 6 (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 | 14 (7%) |
| Barclays | 1 | 14 (14%) |
| Wolfe Research | 1 | 14 (14%) |
| UBS | 1 |
| 14 (7%) |
| Citigroup | 1 | 12 (0%) |
| TD Cowen | 1 | 12 (0%) |
| JPMorgan | 2 | 11 (0%) |
| Goldman Sachs | 1 | 10 (0%) |
What GM and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“I'll confirm GM did award a very small portion of the wire harness content on the T1 program to another supplier. This portion represents a simpler portion of the harness.”
GM awarded a small, simpler build-to-print slice of the T1 wire-harness program to a rival supplier, while Aptiv retains the complex full-service harness content and characterizes the GM relationship as healthy.
“we might have a lower average revenue per unit than, say, Tesla does, but we already have significantly higher volumes deferred revenue, more realized revenue.”
GM benchmarks its digital/software-services monetization against Tesla, conceding Tesla has higher ARPU but arguing GM's larger installed base drives more total software revenue.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
GM General Motors | 7 | -0.9% | |
| F Ford Motor Company | 9 | +6.4% | |
| HOG Harley-Davidson, Inc. | 3 | -11.8% | |
| LCID Lucid Group, Inc. | 5 | +20.2% | |
| RIVN Rivian Automotive, Inc. | 7 | +11.4% |