General Motors ($GM) Beats Q3 Earnings Estimates, Announces $20 Billion Buyback

General Motors ($GM) reported third-quarter 2026 revenue of $50.0 billion, up 2.9% year over year, and adjusted earnings per share of $3.70, exceeding Wall Street estimates. The automaker also announced a new $20 billion share repurchase authorization and raised its full-year adjusted automotive free cash flow guidance.

• Net income attributable to stockholders reached $3.34 billion, compared with $1.33 billion a year earlier.
• Adjusted EBIT increased 21.6% to $4.11 billion, with an adjusted EBIT margin of 8.2%.
• North American adjusted EBIT rose 43.4% to $3.59 billion.
• Quarterly adjusted automotive free cash flow increased 40% to $5.88 billion.
• GM narrowed its 2026 adjusted EPS guidance to $12.75–$13.75 and adjusted EBIT guidance to $14.5–$15.5 billion.
• Full-year adjusted automotive free cash flow guidance increased to $11.5–$12.5 billion from $9.5–$11.5 billion.
• The new $20 billion buyback authorization follows completion of a $6 billion repurchase program announced in January.
• GM declared a quarterly dividend of $0.18 per share, payable December 17.

Relevant Companies

• General Motors ($GM) - Reported higher quarterly earnings, increased cash flow guidance, and authorized $20 billion in additional share repurchases.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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