Overview
- GM reported third‑quarter adjusted EBIT of about $4.1 billion and $3.70 in adjusted EPS on roughly $50.1 billion in revenue Tuesday, beating Wall Street estimates.
- The company narrowed full‑year adjusted EBIT guidance to $14.5 billion–$15.5 billion and approved a multiyear $20 billion share buyback to lift per‑share results.
- CFO Paul Jacobson said a recent jump in commodity and diesel costs tied to the US‑Iran conflict added about $400 million to GM’s 2026 expenses.
- Results were supported by a heavier mix of higher‑margin pickup trucks and SUVs while EV volumes fell sharply, with EV sales down about 43% through Q3 after more than $11 billion in write‑downs.
- Shares dropped about 5–6% after the report as analysts trimmed targets and warned that 2027 upside depends on commodity and logistics costs easing and on steady consumer demand.