Detroit — General Motors and Ford Motor Co., the two largest U.S. automakers, delivered solid first-quarter 2026 results amid a shifting industry landscape, with both companies benefiting from strong truck and SUV demand while recalibrating electric vehicle strategies toward hybrids and software services.

GM shares (NYSE: GM) recently traded near $84–$85 after hitting all-time highs above $80 earlier in the year, with year-to-date performance in 2026 showing modest gains following a strong 2025 rally. Ford shares (NYSE: F) have hovered around $15–$16.50, reflecting solid momentum but trailing GM's longer-term outperformance.

Both companies raised full-year guidance after posting earnings beats, underscoring resilience in core operations despite tariff impacts and slower EV adoption.

GM's Operational Edge and Profitability

General Motors reported first-quarter 2026 revenue of $43.6 billion and adjusted EBIT of $4.3 billion, with net income attributable to stockholders at $2.6 billion. The company beat earnings expectations significantly, reporting adjusted EPS of $3.70 against consensus around $2.61.

GM raised its full-year 2026 adjusted EBIT guidance to $13.5–$15.5 billion, citing a favorable $500 million tariff adjustment from a U.S. Supreme Court ruling. North American operations remained robust, driven by full-size trucks and crossovers, while software and services like OnStar and Super Cruise contributed high-margin growth.

The company maintains leadership in U.S. EV sales among legacy automakers, though it has tempered aggressive expansion plans. GM........

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