General Motors Reports Record Q3 Revenue and Raises Full-Year Guidance
General Motors (GM) reported record third-quarter revenue of $50 billion, reflecting strong demand for trucks and SUVs. Non-GAAP earnings per share rose to $3.70, up 32.2% year-over-year due in part to significant stock buybacks. The company also raised its full-year guidance across several metrics including EBIT-adjusted, free cash flow, and EPS. GM announced a new multiyear $20 billion share repurchase program following the completion of an earlier $6 billion authorization. Management attributed improved North American margins to better product mix and reduced warranty costs. However, ongoing challenges such as inflation-driven commodity price increases are expected to pose headwinds in 2027. The company is also working on reducing electric vehicle losses by aligning production with demand while expanding digital services like OnStar and Super Cruise.
Tickers: $GM
Topics: automotive financial_performance share_repurchases
Read the full article at Motley Fool
Part of the story Tesla Reports Flat Q3 2026 Revenue and 4% Profit Decline (19 articles)