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GM Crushes Q1 2026, Earnings Surge Amid Tariff Win
Description
General Motors smashes Q1 2026 earnings, posting $3.70 EPS vs. $2.62 estimate, boosted by $500M Supreme Court win. Core business grew 7.5% YoY, adjusted EBIT jumped 22% to $4.3B. GM leads U.S. & Canada sales, forty-two percent of full-size pickups, fleet deliveries, and second in EVs. Crossovers now 46% of sales, spreading profits beyond trucks. China had six straight profitable quarters. Despite $1.1B EV deal unwinding hit, GM raised full-year adjusted EBIT outlook by $500M to $13.5-15.5B. JPMorgan lifts price target to $98, keeping overweight rating.
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