GM Expects $500 Million Tariff Refund—Boosting 2026 Earnings Estimates

BreakingBusinessGM Expects $500 Million Tariff Refund—Boosting 2026 Earnings EstimatesByTy Roush,Forbes Staff. Ty Roush is a breaking news reporter based in New York City.Follow AuthorApr 28, 2026, 01:57pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.ToplineGeneral Motors on Tuesday said it anticipated a $500 million tariff refund from the Trump administration after the Supreme Court struck down President Donald Trump’s sweeping levies, boosting the legacy automaker’s earnings projections, though it’s unlikely consumers will receive any benefits from the large-scale rebates. The Trump administration opened requests for tariff refunds earlier this month after the Supreme Court struck down Trump’s levies.Copyright 2024 The Associated Press. All rights reservedKey FactsGM disclosed its $500 million estimate while reporting first-quarter earnings on Tuesday, and the automaker said the rebate would raise its full-year earnings guidance to between $13.5 billion and $15.5 billion, or $11.50 to $13.50 per share.The automaker reported quarterly revenue of $43.6 billion and $3.70 earnings per share, surpassing consensus analyst expectations of $43.5 billion and $2.60, according to FactSet.In a letter to shareholders, CEO Mary Barra said the company was “clearly operating in a very dynamic environment,” but said GM saw solid growth and a strong balance sheet “to achieve [its] long-term goals.”Shares of GM fell slightly (0.06%) as of Tuesday afternoon, paring back further losses earlier in the day. if (!window.cnxel) { window.cnxel = {}; window.cnxel.cmd = []; var iframe = document.createElement('iframe'); iframe.style.display = 'none'; iframe.onload = function() { var iframeDoc = iframe.contentWindow.document; var script = iframeDoc.createElement('script'); script.src = '//cd.elements.video/player.js?cid=62cec241-7d09-4462-afc2-f72f8d8ef40a'; script.setAttribute('defer', '1'); script.setAttribute('typ...