General Motors reported adjusted fourth-quarter earnings of $2.51 per share, comfortably above the consensus of $2.20, driven by strong gas-powered vehicle sales and resilient core operations. Revenue came in at $45.3 billion, slightly below estimates, as electric-vehicle deliveries moderated. For 2026, GM set full-year EPS guidance of $9.75 to $10.50, below the Wall Street consensus of $11.73, reflecting management’s caution on EV demand and an evolving regulatory landscape.

The automaker increased its quarterly dividend by 20% and authorized a $6.0 billion share repurchase program to begin in 2026. These moves raise GM’s annual dividend payout by approximately $500 million and provide management flexibility to repurchase up to 50 million shares, underscoring confidence in cash flow generation and signaling a commitment to shareholder value amid near-term market volatility.

GM is investing tens of millions of dollars in its Fairfax Assembly Plant to boost wages and upskill workers ahead of three major vehicle launches this year—the gas-powered Chevrolet Equinox, the next-generation Buick compact SUV and continued Chevrolet Bolt production. This facility initiative complements a broader $500 million U.S. manufacturing apprenticeship and upskilling program launched over the past five years, which has trained roughly 2,500 employees annually at GM’s Technical Learning University in Warren, Michigan.

In response to slowing consumer demand for electric vehicles and changes to federal EV tax incentives, GM recorded a $7.2 billion restructuring charge in Q4 to realign its EV capacity and investments. Management expects to achieve $1.0 to $1.5 billion in cost savings within the EV segment over the next 12 months, while favorable regulatory shifts could save up to $750 million on emissions compliance. The company also anticipates $3.0 to $4.0 billion in tariff-related costs this year, partially offset by ongoing mitigation measures.