General Motors Co Q3 Revenue Up 2.9%

By Philip Seaworth • Tuesday, October 20 10:51 • Permanent Link

General Motors reported third-quarter 2026 revenue of $50.0 billion, up 2.9% from $48.6 billion a year earlier. Net income attributable to stockholders more than doubled to $3.3 billion from $1.3 billion, while EBIT-adjusted rose 21.6% to $4.1 billion from $3.4 billion.

Profitability also improved. Net income margin widened to 6.7% from 2.7%, and EBIT-adjusted margin increased to 8.2% from 6.9%.

Cash generation strengthened as well. Automotive operating cash flow climbed 32.6% to $8.0 billion from $6.1 billion, and adjusted automotive free cash flow increased 40.0% to $5.9 billion from $4.2 billion.

On a per-share basis, diluted EPS rose to $3.73 from $1.35, while adjusted diluted EPS increased to $3.70 from $2.80.

By segment, GM North America EBIT-adjusted jumped 43.4% to $3.6 billion from $2.5 billion, with margin expanding to 8.7% from 6.2%. GM International EBIT-adjusted fell to $28 million from $226 million, and China equity income dropped to $32 million from $80 million. GM Financial adjusted EBT declined 16.9% to $668 million from $804 million.

For full-year 2026, GM narrowed its EBIT-adjusted guidance to $14.5 billion to $15.5 billion, from $14.0 billion to $16.0 billion previously. It raised adjusted automotive free cash flow guidance to $11.5 billion to $12.5 billion from $9.5 billion to $11.5 billion, and lifted adjusted diluted EPS guidance to $12.75 to $13.75 from $12.00 to $14.00.

The company said net income attributable to stockholders is now expected to be $8.9 billion to $9.5 billion, automotive operating cash flow $17.3 billion to $20.3 billion, and diluted EPS $9.72 to $10.72.

GM also said it completed the $6.0 billion share repurchase program announced in January 2026 and authorized a new $20.0 billion repurchase program. Shares outstanding fell to 849 million at Sept. 30, 2026, from 904 million at the end of 2025, 995 million at the end of 2024, and 1.2 billion at the end of 2023.

The board declared a quarterly dividend of $0.18 per share, payable Dec. 17, 2026. The market has reacted to these announcements by moving the company's shares -1.44% to a price of $82.75. For the full picture, make sure to review General Motors Co's 8-K report.

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