General Motors reported adjusted earnings per share of $2.51 for the fourth quarter, exceeding the consensus estimate of $2.20 and marking a year-over-year increase of 14%. Quarterly revenues totaled $45.3 billion, roughly in line with prior guidance but slightly below some analyst forecasts. Despite the beat, management provided 2026 EPS guidance in a range of $9.75 to $10.50, representing a midpoint below the Wall Street consensus of $11.73 and reflecting conservative assumptions on volume, mix and cost inflation.

RBC Capital Markets raised its target to $107 and maintained an Outperform rating, citing potential tariff mitigation strategies and anticipated improvements in electric-vehicle margins that could contribute an incremental $500 million to annual EBIT. Separately, Goldman Sachs lifted its target to $104, pointing to a 20.4% upside based on stronger gas-powered truck demand, expanding subscription revenue streams and a positive regulatory environment for on-shore production.

GM announced a 20% increase in its quarterly dividend and authorized a new $6 billion share repurchase program, underlining management’s commitment to returning excess cash. The company also incurred $7.2 billion in one-time EV restructuring charges to realign capacity with slower adoption, while forecasting $1 billion to $1.5 billion of annual cost savings in its EV business over the next two years. Tariff management efforts in 2025 offset more than 40% of headwinds, and further on-shoring actions are expected to yield up to $750 million in regulatory compliance savings by 2026.