General Motors (GM) has narrowed its 2026 adjusted earnings before interest and taxes (EBIT) guidance to $14.5bn to $15.5bn from previous $14bn to $16bn range.
Alongside the updated forecast, the automaker approved a new $20bn share repurchase authorisation.
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Adjusted diluted earnings per share (EPS) is now projected at $12.75 to $13.75, against previous guidance of $12 to $14.
For the third quarter ended 30 September 2026, GM reported revenue of $50.01bn, up 2.9% year-on-year.
Net income attributable to stockholders rose to $3.33bn from $1.32bn a year earlier, while EBIT-adjusted increased 21.6% year-on-year to $4.10bn.
Operating income reached $3.59bn, compared with $1.07bn in the third quarter of 2025, and diluted EPS stood at $3.73 against $1.35.
According to the company, the quarter’s performance was driven mainly by GM North America (GMNA), where EBIT-adjusted grew 43.4% to $3.59bn.
GM International (GMI) moved in the opposite direction, with EBIT-adjusted falling 87.7% to $28m from $226m in the third quarter of 2025.
China equity income declined 60.3% to $32m.
Total wholesale vehicle deliveries for the quarter increased 5.2% to 1,028,000 units.
In a letter to shareholders, GM chair and CEO Mary Barra said: “Over the next several years, our portfolio will only get stronger as we complete the launches of the all-new 2027 Chevrolet Silverado and GMC Sierra light duty pickups and follow them with our next-generation heavy duty pickups, our next-generation full-size SUVs, all-new Cadillac sedans and crossovers, and more.”
The new multi-year authorisation approved by the board has no expiration date and replaces the $6bn programme announced in January 2026, which has now been fully completed.
GM had 849 million common shares outstanding as of 30 September 2026, compared with 904 million at the end of 2025, 995 million at the end of 2024 and 1.2 billion at the end of 2023.
