GM Q3 Beats, Narrows 2026 Guidance, Launches New $20B Buyback
GM sits 36% above its 52-week low of $57.55.
Summary
GM reported Q3 2026 revenue of $50.0B and EBIT-adjusted of $4.1B, narrowed full-year guidance, and authorized a new $20.0B multi-year share repurchase program after completing its prior $6.0B buyback.
Key Events · Earnings and Guidance · GM
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Q3 Earnings Beat Prior Year
Revenue $50.0B (+2.9%), net income $3.3B, EBIT-adjusted $4.1B (+21.6%), EPS-diluted $3.73 vs $1.35 a year ago.
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Full-Year Guidance Narrowed Higher
EBIT-adjusted now $14.5-15.5B (from $14.0-16.0B); EPS-diluted-adjusted $12.75-13.75 (from $12.00-14.00); adjusted automotive FCF raised to $11.5-12.5B from $9.5-11.5B.
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New $20B Buyback Authorized
Board approved a new $20.0B multi-year repurchase authorization with no expiration after the $6.0B January 2026 program was completed.
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Share Count Already Shrinking
849M shares outstanding at September 30, 2026, down from 904M at end of 2025 and 995M at end of 2024.
Analysis · GM · Manufacturing
GM delivered a strong quarter — EBIT-adjusted rose 21.6% to $4.1B on $50.0B revenue — and tightened full-year guidance around a higher midpoint while lifting the free-cash-flow range to $11.5-12.5B. The bigger news for the share count is capital return: the January $6.0B buyback is complete, and the board authorized a new $20.0B multi-year repurchase program with no expiration. That is a large authorization relative to the company's size and, combined with the $0.18 quarterly dividend, tells investors management intends to keep shrinking the share count — 849M shares at September 30 versus 904M at the end of 2025. The offset is that the quarter still carried $238M of EV realignment charges and year-to-date adjustments total $3.7B, so the headline beat sits on top of continuing restructuring costs.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 37.4% of the 952 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GM was trading at $78.31 on NYSE in the Manufacturing sector, with a market capitalization of approximately $72.6B. The 52-week trading range was $57.55 to $91.85. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.