GM Beats on Q3 but Stock Slides 6.8% as Guidance Fails to Lift
GM sits 35% above its 52-week low of $57.68.
Summary
GM beat on nearly every line — adjusted EPS $3.70 vs $3.56, revenue $50.02B vs $48.53B, North America margins up to 8.7% from 6.2% — and authorized a new $20B buyback, roughly 30% of its market value. The stock is still down 6.8% premarket, on pace for its worst day since July 2025. The problem is the outlook: full-year adjusted EBIT guidance was narrowed to $14.5B-$15.5B from $14B-$16B with the midpoint unchanged, so a big beat didn't raise the annual profit number. Costs are the drag, with about $2B of commodity inflation including logistics and memory chips, and GM International was weak at $28M adjusted EBIT versus $130.4M expected. U.S. deliveries fell 5.5% and market share slipped to 16.1% from 16.8%. Free cash flow was the bright spot, up 40% to $5.88B, with the full-year target raised to $11.5B-$12.5B. The buyback changes how profit is split, not how much there is — and with shares up 43% over the past year into the print, expectations were high.
At the time of this announcement, GM was trading at $77.90 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $68.3B. The 52-week trading range was $57.68 to $91.85. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.