General Motors posts $50.0 billion third-quarter revenue and narrows 2026 guidance

General Motors Company (GM) reported third-quarter 2026 revenue of $50.0 billion and EBIT-adjusted of $4.1 billion, the company said Tuesday in a news release attached to an 8-K filing.

Revenue rose 2.9% from $48.6 billion a year earlier. Net income attributable to stockholders was $3.3 billion, against $1.3 billion a year earlier.

Here's how the company did:

• Revenue: $50.015 billion vs. $48.591 billion a year earlier
• Net income attributable to stockholders: $3.335 billion vs. $1.327 billion a year earlier
• EBIT-adjusted: $4.106 billion vs. $3.376 billion a year earlier
• EPS-diluted: $3.73 vs. $1.35 a year earlier
• EPS-diluted-adjusted: $3.70 vs. $2.80 a year earlier

EBIT-adjusted rose 21.6%, and the EBIT-adjusted margin widened to 8.2% from 6.9%. EPS-diluted-adjusted rose 32.2%.

Automotive operating cash flow was $8.049 billion, up 32.6% from $6.070 billion a year earlier. Adjusted automotive free cash flow reached $5.882 billion, up 40.0% from $4.201 billion.

Here's how GM's segments did during the quarter:

• GM North America (GMNA) EBIT-adjusted: $3.592 billion, up 43.4% from $2.506 billion
• GM International (GMI) EBIT-adjusted: $28 million, down 87.7% from $226 million
• GM Financial EBT-adjusted: $668 million, down 16.9% from $804 million
• China equity income: $32 million, down 60.3% from $80 million

GMNA's EBIT-adjusted margin rose to 8.7% from 6.2% a year earlier.

GMI's EBIT-adjusted fell to $28 million. Equity income from the Automotive China joint ventures dropped to $32 million from $80 million.

GM Financial's EBT-adjusted was $668 million, down 16.9% from $804 million a year earlier.

The company updated full-year 2026 EBIT-adjusted guidance, narrowing the range to $14.5 billion to $15.5 billion from $14.0 billion to $16.0 billion.

Net income attributable to stockholders is now expected at $8.9 billion to $9.5 billion, from $8.4 billion to $9.8 billion previously.

Automotive operating cash flow is expected at $17.3 billion to $20.3 billion, from $15.4 billion to $19.4 billion. Capital expenditures are unchanged at $10.0 billion to $12.0 billion.

Adjusted automotive free cash flow is now expected at $11.5 billion to $12.5 billion, from $9.5 billion to $11.5 billion. Expected EPS-diluted-adjusted is $12.75 to $13.75, against $12.00 to $14.00 before.

The company said the figures do not include the potential impact of future adjustments related to special items. Adjustments tied to the EV strategic realignment were $238 million in the quarter, down from $1.592 billion a year earlier.

For the nine months, EV strategic realignment adjustments totaled $3.594 billion.

The company completed its $6.0 billion share repurchase program, announced in January 2026. Its board approved a new $20.0 billion multi-year authorization with no expiration date.

The company said the new program may be suspended or discontinued at any time at its discretion. Shares outstanding were 849 million as of Sept. 30, down from 904 million at the end of 2025. They stood at 995 million at the end of 2024 and 1.2 billion at the end of 2023.

The board also declared a quarterly cash dividend of 18 cents per share, payable Dec. 17 to holders of record at the close of trading on Dec. 4.

Wholesale vehicle sales in the quarter were 1,028,000, up from 977,000 a year earlier.

Year-to-date EBIT-adjusted was $12.302 billion, up from $9.903 billion for the first nine months of 2025.