โ
๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adj. EPS: $3.70 (Est. $3.63) โ , +32.2% YoY.
โข Revenue: $50.02B (Est. $48.76B) โ , +2.9% YoY.
โข GAAP EPS: $3.73 (vs. $1.35 YoY).
โข Net Income: $3.34B (vs. $1.33B YoY).
โข Adj. EBIT: $4.11B, +21.6% YoY.
โข Adj. EBIT Margin: 8.2% (vs. 6.9% YoY).
โข Adj. Automotive Free Cash Flow: $5.88B, +40% YoY.
โข North America Adj. EBIT: $3.59B, +43.4% YoY.
โข GM Financial Adj. Pretax Earnings: $668M, -16.9% YoY.
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข FY2026 Adj. EPS: $12.75โ$13.75, midpoint $13.25 (Est. $13.42) โ, narrowed from $12.00โ$14.00.
โข FY2026 Adj. EBIT: $14.5Bโ$15.5B (previously $14Bโ$16B).
โข FY2026 Adj. Automotive FCF: $11.5Bโ$12.5B (previously $9.5Bโ$11.5B).
โข FY2026 Net Income: $8.9Bโ$9.5B (previously $8.4Bโ$9.8B).
โข FY2026 Automotive Operating Cash Flow: $17.3Bโ$20.3B (previously $15.4Bโ$19.4B).
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Q3 Adj. EPS beat consensus by ~1.9%, while revenue exceeded estimates by ~2.6%.
โข North America Adj. EBIT surged 43% YoY to $3.59B, with margins expanding 250 bps to 8.7%.
โข Adjusted automotive free cash flow jumped 40% to $5.88B, prompting GM to raise its FY2026 FCF guidance midpoint by $1.5B to $12B.
โข FY2026 Adj. EPS guidance midpoint remains ~1.3% below consensus despite stronger Q3 earnings.
โข GM announced a new $20B multi-year share repurchase authorization after completing its previous $6B buyback program.
โข Shares outstanding declined to 849M from 904M at year-end 2025, while GM maintained its quarterly dividend at $0.18 per share.
โข International Adj. EBIT fell 87.7% YoY to $28M, while GM Financial Adj. pretax earnings declined 16.9%.