GM's Q1 2026 Earnings: Gas Trucks Print Money While EVs Cost $1.1B

[Zane]

 

 

I just posted a full breakdown of General Motors' Q1 2026 financial report on the GM-Trucks.com home page. Wall Street expected an average quarter, but GM completely crushed it with a massive $4.3 billion adjusted profit.

 

Here are the quick highlights:

• Trucks Rule: GM holds a dominating 42% market share in the U.S. full-size pickup segment. Gas-powered trucks and crossovers are funding the whole operation.

• Tariff Windfall: GM scored a $500 million boost from a Supreme Court ruling on old tariffs.

• The EV Pullback Cost: Slowing down EV production cost GM a massive $1.1 billion charge to pay suppliers and cancel contracts.

• Subscriptions: Super Cruise revenue jumped 85% year-over-year.
   

You can read the full deep-dive article with all the numbers here:  https://www.gm-trucks.com/gm-q1-2026-earnings-truck-sales-ev-pullback/

 

What do you all think? Does taking a $1.1 billion hit on EVs just to refocus on highly profitable gas trucks make sense for GM's long-term strategy? Drop your thoughts below!

[BIGDOGx]

9 minutes ago, Zane said:

 

 

I just posted a full breakdown of General Motors' Q1 2026 financial report on the GM-Trucks.com home page. Wall Street expected an average quarter, but GM completely crushed it with a massive $4.3 billion adjusted profit.

 

Here are the quick highlights:

• Trucks Rule: GM holds a dominating 42% market share in the U.S. full-size pickup segment. Gas-powered trucks and crossovers are funding the whole operation.

• Tariff Windfall: GM scored a $500 million boost from a Supreme Court ruling on old tariffs.

• The EV Pullback Cost: Slowing down EV production cost GM a massive $1.1 billion charge to pay suppliers and cancel contracts.

• Subscriptions: Super Cruise revenue jumped 85% year-over-year.
   

You can read the full deep-dive article with all the numbers here:  https://www.gm-trucks.com/gm-q1-2026-earnings-truck-sales-ev-pullback/

 

What do you all think? Does taking a $1.1 billion hit on EVs just to refocus on highly profitable gas trucks make sense for GM's long-term strategy? Drop your thoughts below!

 

No, they will continue committing armed robbery of all Truck and SUV buyers, to keep their trash electric vision alive! Because people buying them certainly is not gong to happen anytime soon, so the only way to keep it going is to continue adding onto Msrp's of the only thing they can sell right now!

[Atlas]

$4.3B is a nice haul for a single quarter. Glad they are getting a refund for the unconstitutional tariffs. Because we all know who pays tariffs, we the US consumers and companies.

 

Things might be looking up for GM.

 

I'm cautiously optimistic on the announcement of the return of the Camaro, a Buick sedan, and a GMC Jimmy. There's a lot of room for disappointment (ala current generation "Blazer") but they may have learned a lesson there.

[Atlas]

$4.3B is a nice haul for a single quarter. Glad they are getting a refund for the unconstitutional tariffs. Because we all know who pays tariffs, we the US consumers and companies.

 

Things might be looking up for GM.

 

I'm cautiously optimistic on the announcement of the return of the Camaro, a Buick sedan, and a GMC Jimmy. There's a lot of room for disappointment (ala current generation "Blazer") but they may have learned a lesson there.

[garagerog]

On 4/28/2026 at 5:54 PM, Atlas said:

$4.3B is a nice haul for a single quarter. Glad they are getting a refund for the unconstitutional tariffs. Because we all know who pays tariffs, we the US consumers and companies.

 

Things might be looking up for GM.

 

I'm cautiously optimistic on the announcement of the return of the Camaro, a Buick sedan, and a GMC Jimmy. There's a lot of room for disappointment (ala current generation "Blazer") but they may have learned a lesson there.

My thinking on the tariffs w/o getting into the politics of it has to do with the refunds. How much of the refunds are going to trickle down to the end consumer, pracitically none would be my guess with most going to the companies bottom line. It would be great if GM did bring back those 3 vehicles mentioned. I'm to old to get a Camaro, ever since I was a kid I've wanted a Corvette but family needs negated that, too old and arthritic for one of those also, besides the chief cook and bottle washer threatens me with divorice even if I mention seeing a beautiful one on the road. Off topic here but if GM doesn't bring back the Camaro I wonder how long NASCAR will keep going against it's own rules, used to be a manufacturer had to make at least 500 cars of a particular model for sale to the general public yearly before they could race in NASCAR, hence so few Dodge Daytonas and Plymouth Superbirds, especially the Daytona. Rumor has it that NASCAR is rethinking going to E-Racing and maybe going to CUV's in the O'Reilly's mid-series. Might sound strange but at least that would get back to the mantra win on Sunday (Sat. for O'Reilly's) sell on Monday.

[Atlas]

On 5/4/2026 at 10:16 AM, garagerog said:

My thinking on the tariffs w/o getting into the politics of it has to do with the refunds. How much of the refunds are going to trickle down to the end consumer, pracitically none would be my guess with most going to the companies bottom line. It would be great if GM did bring back those 3 vehicles mentioned. I'm to old to get a Camaro, ever since I was a kid I've wanted a Corvette but family needs negated that, too old and arthritic for one of those also, besides the chief cook and bottle washer threatens me with divorice even if I mention seeing a beautiful one on the road. Off topic here but if GM doesn't bring back the Camaro I wonder how long NASCAR will keep going against it's own rules, used to be a manufacturer had to make at least 500 cars of a particular model for sale to the general public yearly before they could race in NASCAR, hence so few Dodge Daytonas and Plymouth Superbirds, especially the Daytona. Rumor has it that NASCAR is rethinking going to E-Racing and maybe going to CUV's in the O'Reilly's mid-series. Might sound strange but at least that would get back to the mantra win on Sunday (Sat. for O'Reilly's) sell on Monday.

 

You're right, trickle-down never works, but I'm sorta OK with companies getting the refunds b/c they shouldered a lot of the burden in the beginning. They were told to absorb the cost and uncertainty, even under threat, if they raised prices to cover their increased costs due to tariffs.

 

You're not dead, so why not go out and get that Corvette you've always wanted. All I read above are excuses. Get busy living.

 

People still watch Nascar? Does anyone remember when they used to actually race "stock" cars? Probably not since that hasn't been since like 60 years ago. I don't care what they do with rules or names of cars it's all fake anyway...they used the Lumina name for a long time, Toyota with Camry... oooh, now there are some cars with real chops* (sarcasm), and absolutely nothing like the actual cars on the track. Circle track racing was never part of Camaro's heritage so I kinda hope they don't use the name any longer if they ever did. Don't bring it down.

[newdude]

On 4/28/2026 at 5:54 PM, Atlas said:

$4.3B is a nice haul for a single quarter. Glad they are getting a refund for the unconstitutional tariffs. Because we all know who pays tariffs, we the US consumers and companies.

 

Things might be looking up for GM.

 

I'm cautiously optimistic on the announcement of the return of the Camaro, a Buick sedan, and a GMC Jimmy. There's a lot of room for disappointment (ala current generation "Blazer") but they may have learned a lesson there.

 

 

Will be an additional traffic driver at GMC showrooms.  And, IMO, being at GMC makes sense (the "Truck" division of GM).  It will be interesting to see how its positioned if/when it hits the market. 

 

I'm assuming its going after 4Runner/ upcoming Xterra/Land Cruiser style, with "street" trims (Elevation) and then mild (AT4) and wild off road (AT4X).  It will also be interesting to see how different or identical it will look to the Canyon it will be based on.  Does it share the same face like back in the Sonoma/Jimmy days, or does it go rouge and set itself apart.  For example, the new Taco and 4Runner look very close to each other, but there is some styling differences that the 4Runner has to tie it to prior designs.  

 

ICE Blazer is remaining the same for 2027 with yet another facelift.  

Edited May 7 by newdude

[Atlas]

4 minutes ago, newdude said:

 

 

Will be an additional traffic driver at GMC showrooms.  And, IMO, being at GMC makes sense (the "Truck" division of GM).  It will be interesting to see how its positioned if/when it hits the market. 

 

I'm assuming its going after 4Runner/ upcoming Xterra/Land Cruiser style, with "street" trims (Elevation) and then mild (AT4) and wild off road (AT4X).  It will also be interesting to see how different or identical it will look to the Canyon it will be based on.  Does it share the same face like back in the Sonoma/Jimmy days, or does it go rouge and set itself apart.  For example, the new Taco and 4Runner look very close to each other, but there is some styling differences that the 4Runner has to tie it to prior designs.  

 

ICE Blazer is remaining the same for 2027 with yet another facelift.  

 

I've read it's going after the Bronco. There's nuance there versus Toyota's 4R/LC, Bronco positioned itself as the more versatile, upscale, but less capable version of the Wrangler while retaining things like a removable top, manual transmission, and hardware options that make it "Moab-ready" at least on the beginner-intermediate trails. What do Bronco and Wrangler owners have in common on trails? Well, they all laugh at the guys in 4Runners. What do 4R and Bronco owners have in common? They both agree a solid axle up front is the more robust choice for wheeling in Moab.

 

Whatever Jimmy ends up being, GM needs an enthusiast's SUV. They have pickups, but nothing in the "actual" SUV department.

 

I can't say I have any fond memories of the Jimmy name (it was an S10 in my day) so here's to hoping GM makes it modern, competitive, awesome, and not ridiculously expensive.

[KARNUT]

The tariff was designed to create parity. Bring jobs and industries back to the U.S. More jobs more foot traffic to showrooms. If allowed to flourish would probably have a neutral effect with the exception of a stronger U.S. position. Lower inflation and deficit. Most people are inpatient and want instant gratification forgetting about long term effects. Like a more stronger China for example. Usually those groups are the ones paying the most for gas. And those states they live are losing population like crazy. The never learners.

[Atlas]

On 5/7/2026 at 8:09 AM, KARNUT said:

The tariff was designed to create parity. Bring jobs and industries back to the U.S. More jobs more foot traffic to showrooms. If allowed to flourish would probably have a neutral effect with the exception of a stronger U.S. position. Lower inflation and deficit. Most people are inpatient and want instant gratification forgetting about long term effects. Like a more stronger China for example. Usually those groups are the ones paying the most for gas. And those states they live are losing population like crazy. The never learners.

 

The tariffs as enacted were unconstitutional. Some people never learn.

 

What I want to know is, who are these people who are paying for subscription services in cars?