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General Motors is set to report its fourth-quarter and full-year results before the opening bell on Tuesday, putting the automaker squarely in focus as investors assess the financial impact of its electric vehicle pullback and sweeping restructuring efforts.

Wall Street is expecting a mixed picture: higher profitability paired with a modest drop in revenue, reflecting GM’s cost controls and pricing discipline even as global demand and EV investments weigh on topline growth.

According to consensus estimates, analysts are projecting:

• Adjusted earnings per share of around $2.18 to $2.20
• Revenue in the range of $45.4 billion to $45.8 billion

If those forecasts hold, GM would deliver roughly a 14% year-over-year increase in adjusted earnings per share, even as revenue slips about 4% compared with the same quarter last year.

Company executives, led by CEO Mary Barra, will discuss the results and outlook during an earnings call scheduled for 8:30 a.m. Eastern.

A look back at last year’s performance

In the comparable quarter last year, GM reported $47.7 billion in revenue, but the period was overshadowed by a net loss attributable to shareholders of nearly $3 billion. Adjusted earnings before interest and taxes (EBIT) came in at approximately $2.5 billion, highlighting the gap between headline results and underlying operating performance.

This quarter’s report is expected to reflect the company’s continued efforts to streamline operations, reduce EV-related spending, and reposition its business in China, one of its most challenging international markets.

A major overhang is the $7.1 billion in special charges GM plans to record, tied largely to scaling back electric vehicle ambitions and restructuring its China operations. The automaker announced these charges earlier this month, confirming they will weigh on reported net income but will be excluded from adjusted earnings metrics.

These write-downs underscore the financial reality of slower-than-expected EV adoption in parts of the market, intensifying competition from Chinese manufacturers, and rising costs across global supply chains.

Investors focus on guidance and cash flow

Beyond the quarterly numbers, Wall Street’s attention will be firmly on GM’s forward guidance.

Earlier this month, Barra reiterated that management expects 2026 to be a stronger year than 2025, signaling confidence that current restructuring efforts and capital discipline will start paying off.

For 2025, GM has guided to:

• Adjusted EBIT between $12 billion and $13 billion
• Adjusted earnings per share of $9.75 to $10.50
• Adjusted automotive free cash flow of $10 billion to $11 billion

That cash flow outlook represents an improvement from the prior range of $7.5 billion to $10 billion, reflecting lower capital expenditures, tighter cost controls, and more measured EV investments.

Analysts will be looking for any changes to those targets, particularly in light of evolving EV demand, pricing pressure in North America, and continued uncertainty in China.

GM has also been returning capital to shareholders through dividends and share buybacks, making cash flow visibility especially important for equity investors.

Electric vehicles, China, and the road ahead

GM’s earnings arrive at a pivotal moment for the global auto industry. While the company remains committed to an all-electric future over the long term, it has recently slowed EV production targets and delayed several model launches to better align supply with consumer demand.

At the same time, China continues to be a drag on results, as local automakers intensify price competition and erode margins for foreign brands. GM’s restructuring there aims to stabilize operations and refocus on profitable segments, but progress is likely to take time.

In North America, GM continues to benefit from strong sales of trucks and SUVs, which remain its most profitable vehicles. Those internal combustion models are helping offset softer EV volumes and funding the company’s longer-term technology investments.

What Wall Street will be listening for

During Tuesday’s call, analysts are expected to press management on several key areas:

• The pace of EV adoption and any further changes to production plans
• Updates on China restructuring and potential additional charges
• Capital spending priorities for 2025 and beyond
• The sustainability of free cash flow amid shifting market conditions
• Confidence around the company’s 2026 improvement outlook

With billions in EV write-downs already on the books and guidance pointing to a transition year ahead, GM’s earnings will serve as an important barometer for how legacy automakers are navigating the costly shift toward electrification while protecting profitability.

For investors, this report is less about a single quarter and more about whether General Motors can balance near-term financial discipline with its long-term transformation strategy in an increasingly competitive global auto market.

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