The narrowed guidance range and raised FCF outlook suggest management's confidence in H2 execution. The $20B buyback authorization signals aggressive capital return, which combined with a 6%+ share count reduction YTD could provide ongoing EPS tailwinds. Monitor Q4 for GMNA margin sustainability and GMI/China stabilization.
Price Chart
Executive Summary
GM reported Q3 2026 revenue of $50.0B (+2.9% YoY) and adjusted EPS of $3.70, above the $3.63 consensus. The company narrowed its full-year EBIT-adjusted guidance to $14.5B-$15.5B (from $14.0B-$16.0B) and raised its adjusted automotive free cash flow guidance to $11.5B-$12.5B. The Board approved a new $20B multi-year share repurchase authorization, and the prior $6B program was completed.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $50.0 billion, up 2.9% YoY from $48.6 billion
- GAAP diluted EPS of $3.73 vs $1.35 in Q3 2025; adjusted EPS of $3.70 vs $2.80
- Adjusted EPS of $3.70 exceeded consensus estimate of $3.63
- EBIT-adjusted of $4.1 billion, up 21.6% YoY from $3.4 billion
- GMNA EBIT-adjusted of $3.6 billion, up 43.4% YoY with margin expanding 250 bps to 8.7%
- Full-year EBIT-adjusted guidance narrowed to $14.5B-$15.5B from $14.0B-$16.0B
- Adjusted automotive free cash flow guidance raised to $11.5B-$12.5B from $9.5B-$11.5B
- Board approved new $20.0 billion multi-year share repurchase authorization
- Prior $6.0 billion share repurchase program completed
- Shares outstanding reduced to 849 million from 904 million at end of 2025
- Quarterly dividend of $0.18 per share declared, payable December 17, 2026
Financial Impact
Revenue $50.0B, adjusted EPS $3.70 vs $3.63 consensus, EBIT-adjusted $4.1B, $20B buyback authorization
Segment Breakdown
| Segment | Revenue |
|---|---|
| GMNA | $41.4B |
| GMI | $4.1B |
Risk Factors
- GMI EBIT-adjusted declined 87.7% YoY to $28M; China equity income down 60.3%
- GM Financial EBT-adjusted declined 16.9% YoY
- Full-year net income guidance midpoint lowered to $9.2B from $9.1B (narrowed range)
- Legal matters adjustment of $300M for OnStar Smart Driver investigations/litigation
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001467858-26-000056 |
| Document: gm-20261020.htm | 0001467858-26-000056 |
| Document: 0001467858-26-000056-index-headers.html | 0001467858-26-000056 |
| Document: 0001467858-26-000056-index.html | 0001467858-26-000056 |
| Document: 0001467858-26-000056.txt | 0001467858-26-000056 |
| 8-K Data (Synthetic) | 0001467858-26-000056 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $77.46 | awaiting T+1 | — | $76.31 (−1.48%) |
Oct 22, 2026 5d ago | Court Ruling | $75.92 $76.31 | ▲ +0.51% | ▼ −0.20% | $76.31 (+0.51%) |
Oct 20, 2026 7d ago | 8-K | $77.09 $76.11 | ▼ −1.27% | ▼ −1.80% | $76.31 (−1.01%) |
Oct 20, 2026 7d ago | Press Release | $77.09 $76.11 | ▼ −1.27% | ▼ −1.80% | $76.31 (−1.01%) |
Oct 16, 2026 11d ago | Court Ruling | $82.75 $77.09 | ▼ −6.84% | ▼ −7.18% | $76.31 (−7.78%) |
Oct 13, 2026 14d ago | Court Ruling | $83.05 $83.66 | ▲ +0.73% | ▲ +0.45% | $76.31 (−8.12%) |
Oct 12, 2026 14d ago | Institutional Cluster | $82.37 $84.00 | ▲ +1.98% | ▲ +1.99% | $76.31 (−7.36%) |
Oct 2, 2026 25d ago | Court Ruling | $80.23 $82.01 | ▲ +2.22% | ▲ +1.67% | $76.31 (−4.89%) |
Sep 25, 2026 4w ago | Court Ruling | $80.64 $80.47 | ▼ −0.21% | ▼ −0.03% | $76.31 (−5.37%) |
Sep 21, 2026 5w ago | GOVT-CONTRACT | $83.45 $83.77 | ▲ +0.38% | ▲ +1.10% | $76.31 (−8.56%) |
US Market Status
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