AI Takeaway
GM reported Q1 FY2026 revenue of $43.6B, down 0.9% YoY, with net income declining 5.6% to $2.6B and operating cash flow falling sharply by 51.3% to $3.0B amid margin compression and rising current liabilities.
Revenue
$43.62B
-0.90% YoY
EPS (Basic)
$2.87
-15.59% YoY
Operating Income
$2.93B
-12.71% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
Total revenue fell to $43.6B in Q1 FY2026 from $44.0B in Q1 FY2025, a 0.9% YoY decrease, suggesting modest volume or pricing headwinds in the automotive market.
Source: Source: 10-Q Income Statement
Operating income dropped 12.7% YoY to $2.9B, pushing operating margin down to 6.7% from 7.6% in the prior year period, indicating rising costs outpacing revenue.
Source: Source: 10-Q Income Statement
Operating cash flow fell 51.3% YoY to $3.0B from $6.1B, a significant deterioration that may reflect working capital build-up or timing of receivables and payables.
Source: Source: 10-Q Cash Flow Statement
2 more insights available
Upgrade to unlockOperating cash flow declined 51.3% YoY to $3.0B, a dramatic drop that raises questions about GM's near-term liquidity and ability to fund capital expenditures and debt obligations. If this trend persists, it could constrain investment in EV development and other strategic initiatives.
Source: Source: 10-Q Cash Flow Statement
Unlock 4 more detailed risk analysis
Upgrade to unlockReported EPS of $3.70 versus the $2.69 analyst consensus — a +37.3% beat for Q1 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $43.62B | $44.02B | -0.90% |
Operating Income | $2.93B | $3.35B | -12.71% |
Net Income | $2.63B | $2.78B | -5.64% |
EPS (Basic) | $2.87 | $3.40 | -15.59% |
EPS (Diluted) | $2.82 | $3.35 | -15.82% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $280.97B | $282.1B | -0.40% |
Current Assets | $109.12B | $110.01B | -0.80% |
Total Liabilities | $216.28B | $215.68B | +0.28% |
Current Liabilities | $94.72B | $90.75B | +4.38% |
Stockholders' Equity | $62.66B | $64.37B | -2.66% |
Cash & Equivalents | $19.8B | $20.57B | -3.74% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $2.95B | $6.06B | -51.33% |
Investing Cash Flow | $632M | $-4.49B | +114.08% |
Financing Cash Flow | $-3.69B | $-543M | -579.37% |
Dividends Paid | $223M | $175M | +27.43% |
Share Buybacks | $800M | $2.01B | -60.24% |
D&A | $3B | $2.93B | +2.42% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Margin | 6.7% | 7.6% | -0.91% |
Net Margin | 6.0% | — | — |
ROE | 4.2% | — | — |
ROA | 0.9% | — | — |
Current Ratio | $1.152 | — | — |
Debt to Equity | $3.452 | — | — |
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GM reported Q1 FY2026 revenue of $43.6B, down 0.9% YoY, with net income of $2.6B (-5.6%) and diluted EPS of $2.82 (-15.8%). Operating income fell more sharply at -12.7% to $2.9B, reflecting margin pressure across the business.
GM's operating cash flow fell 51.3% YoY to $3.0B in Q1 FY2026, compared to $6.1B in Q1 FY2025. This sharp decline likely reflects working capital changes, timing of receivables/payables, or reduced profitability, and is a key concern for investors monitoring GM's financial health.
Key risks include the dramatic 51.3% drop in operating cash flow, a high debt-to-equity ratio of 3.45, and rising current liabilities that have compressed the current ratio to 1.15. Margin erosion — with operating margin falling to 6.7% from 7.6% — also poses a risk to GM's ability to fund its EV transition.
Yes, GM significantly reduced share buybacks by 60.2% YoY to $800M in Q1 FY2026, down from $2.0B in Q1 FY2025. At the same time, dividends paid increased 27.4% to $223M, suggesting a shift in capital return priorities amid tighter cash flow.
GM's balance sheet shows $19.8B in cash, a current ratio of 1.15, and stockholders' equity of $62.7B, but leverage remains high at a debt-to-equity ratio of 3.45. The sharp decline in operating cash flow and rising current liabilities are near-term concerns, though the company remains profitable with a net margin of 6.0%.