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Mar 31, 2023

GM Q1 2023 Earnings Report

GM's first-quarter results were released, with revenue reaching $40.0 billion and net income attributable to stockholders at $2.4 billion.

Key Takeaways

General Motors reported a revenue of $40.0 billion, a net income attributable to stockholders of $2.4 billion, and an EBIT-adjusted of $3.8 billion for the first quarter of 2023. The company also updated its full-year earnings guidance.

Revenue reached $40.0 billion.

Net income attributable to stockholders was $2.4 billion.

EBIT-adjusted amounted to $3.8 billion.

Full-year earnings guidance was updated.

Total Revenue
$40B
Previous year: $36B
+11.1%
EPS
$2.21
Previous year: $2.09
+5.7%
Gross Profit
$5.13B
Previous year: $4.7B
+9.1%
Cash and Equivalents
$18.2B
Previous year: $16.3B
+11.5%
Free Cash Flow
-$132M
Previous year: $6M
-2300.0%
Total Assets
$267B
Previous year: $251B
+6.2%

GM

GM

GM Revenue by Segment

Forward Guidance

GM updated its full-year 2023 earnings guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income