A massive hunt was launched for Jevon Hirst, Harvey Owen, Wilf Henderson, and Hugo Morris after they failed to return home from an overnight trip to Snowdonia.
North Wales Police said their bodies were recovered from a silver Ford Fiesta which appears to have left the road on the A4085 at Garreg, near Tremadog.
Superintendent Owain Llewelyn said: “At present, this appears to have been a tragic accident, and our thoughts are with the family and friends of the four young men at this very difficult time.
“This has been an extensive search involving a number of different agencies and volunteers, and this is sadly not the outcome that any of us would have wanted. We would ask that the families be afforded the appropriate privacy and respect.”
The force said enquiries were ongoing to establish the circumstances that led to the car leaving the road.
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