GM Q3 Net Income $3.4B, EPS $3.73; Buybacks Hit $5.3B YTD
GM sits 34% above its 52-week low of $57.68 on elevated volume (3.6× avg).
Summary
GM earned $3.4B, or $3.73 per diluted share, on $50.0B of Q3 revenue, with North America margins at 8.7% offsetting a near-breakeven international segment and weaker GM Financial profit. The company bought back $2.5B of stock in the quarter and has $20B of fresh repurchase capacity.
Key Events · Earnings and Guidance · GM
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Q3 Earnings: $3.4B Net Income
Revenue of $50.0B (up 2.9% year over year), operating income of $3.6B and diluted EPS of $3.73 versus $1.35 a year ago, which was depressed by EV realignment charges.
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North America Margin 8.7%, GMI Collapses
GMNA EBIT-adjusted rose 43% to $3.6B on lower warranty and EV inventory costs; GMI EBIT-adjusted fell to $28M from $226M on higher material, logistics and manufacturing costs.
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Buybacks Accelerate to $5.3B YTD
GM repurchased 29.5M shares for roughly $2.5B in Q3 at an $85.35 average and 65M shares for $5.3B over nine months; the board authorized $20B of additional repurchases in October 2026.
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Cash Flow Slips, Liquidity $37.1B
Nine-month operating cash flow was $16.6B versus $20.1B a year ago; automotive liquidity stood at $37.1B including $14.0B of undrawn credit capacity.
Analysis · GM · Manufacturing
The headline quarter is solid — $50.0B revenue, $4.1B EBIT-adjusted, $3.73 diluted EPS — but the detail underneath is mixed. North America carried the result at an 8.7% EBIT-adjusted margin, while GM International fell to $28M from $226M and GM Financial's pre-tax profit dropped 16.9% as loan-loss provisions rose 39%. Nine-month operating cash flow fell to $16.6B from $20.1B a year ago, even as buybacks accelerated to $5.3B year-to-date and the board added $20B of repurchase capacity in October. With $2.5B spent on 29.5M shares in Q3 alone, management is leaning hard on the buyback to support EPS, while tariff exposure of $2.5-3.5B for the year and a $15.2B warranty reserve remain the swing factors.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 29.2% of the 1466 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GM was trading at $77.11 on NYSE in the Manufacturing sector, with a market capitalization of approximately $67.6B. The 52-week trading range was $57.68 to $91.85. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.