GM Beats Estimates as Adjusted EBIT Jumps 22% to $4.1B
GM sits 33% above its 52-week low of $57.55.
Summary
GM's third-quarter adjusted EBIT rose 22% year over year to $4.1 billion, or $3.70 a share, beating the $3.63 consensus, with North American strength remaining the profit engine even as International slumped 87.6%. The quarter was carried by continued strong demand for high-margin pickups and SUVs, and revenue rose despite selling fewer cars. The company narrowed full-year 2026 adjusted EBIT guidance to $14.5 billion-$15.5 billion from $14 billion-$16 billion, tightening the range around the midpoint while citing higher logistics, energy and tariff costs; the CEO pointed to inflationary pressures in logistics, commodities and memory. This follows the July 29 guidance raise and the Q2 beat that included $2.3 billion in EV realignment charges — core North American truck profit remains the engine. The CEO said GM continues to believe 2027 will be better than 2026 and expects benefits from warranty expense improvements, lower EV losses, software and services growth and light duty pickup launches. The accompanying 8-K also authorized a new $20 billion buyback, a step up from the prior $6 billion program, which supports the stock alongside the beat.
At the time of this announcement, GM was trading at $76.69 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $72.6B. The 52-week trading range was $57.55 to $91.85. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.