Overview
- GM posted adjusted EPS of $2.80 on roughly $48.6 billion in revenue, topping forecasts even as net income fell on one‑time items.
- Full‑year targets increased to adjusted EBIT of $12–13 billion and adjusted EPS of $9.75–$10.50, with stronger cash flow guidance.
- Estimated 2025 tariff impact narrowed to $3.5–$4.5 billion, Q3 tariff costs were $1.1 billion, and GM expects to offset about 35% after recent policy changes that include an MSRP offset program praised by CEO Mary Barra.
- GM recorded a $1.6 billion EV‑related charge ($1.2 billion non‑cash and about $400 million cash) and is cutting near‑term EV capacity after subsidy changes, saying it aims to reduce EV losses in 2026 though additional charges remain possible.
- U.S. sales rose about 8% to 710,347 units with trucks and SUVs boosting the best market share since 2017; EV deliveries hit a record 66,501 before the tax credit expired, and shares jumped in the low‑ to mid‑teens as management also cited supply‑chain risks, including issues tied to chipmaker Nexperia.