General Motors beats by $0.01, beats on revs; narrows FY26 EPS and adjusted EBIT guidance; Board of Directors has approved a new $20.0 billion multi-year share repurchase authorization (82.75)
- Reports Q3 (Sep) earnings of $3.70 per share, excluding non-recurring items, $0.01 better than the FactSet Consensus of $3.69; revenues rose 2.9% year/year to $50.02 bln vs the $48.78 bln FactSet Consensus.
- Co issues narrows guidance for FY26, sees EPS of $12.75-13.75 from $12.00-14.00 prior guidance, excluding non-recurring items, vs. $13.47 FactSet Consensus. Co sees FY26 adjusted EBIT of $14.5 billion - $15.5 billion versus prior guidance of $14.0-16.0 bln.
- The company is updating its full-year 2026 EBIT-adjusted guidance, narrowing the range. The company expects net income attributable to stockholders to be $8.9 billion to $9.5 billion; Automotive operating cash flow to be $17.3 billion to $20.3 billion; and EPS-diluted to be $9.72 to $10.72 based on its updated guidance and the impact of adjustments recorded year to date. These expected financial results do not include the potential impact of future adjustments related to special items.
- The company also announced it has completed the $6.0 billion share repurchase program announced in January of 2026, and its Board of Directors has approved a new $20.0 billion multi-year share repurchase authorization. The new share repurchase program, which has no expiration date, will be executed in accordance with applicable securities laws and regulations and may be suspended or discontinued at any time at the company's discretion. As of September 30, 2026, the company had 849 million shares outstanding, down from 904 million at the end of 2025. There were 995 million shares outstanding at the end of 2024, and 1.2 billion at the end of 2023.