GM Narrows 2026 EBIT Range and Lifts Free-Cash-Flow Outlook

The Tip Desk · October 30, 2026 · 2 min read

Third-quarter revenue was $50.0 billion and EBIT-adjusted $4.1 billion as the automaker raised adjusted automotive free cash flow guidance to $11.5 billion–$12.5 billion.

General Motors (GM) reported third-quarter 2026 revenue of $50.0 billion and EBIT-adjusted of $4.1 billion, and it narrowed its full-year 2026 EBIT-adjusted range to $14.5 billion–$15.5 billion from $14.0 billion–$16.0 billion.

The automaker also raised its adjusted automotive free cash flow outlook to $11.5 billion–$12.5 billion from $9.5 billion–$11.5 billion, and it narrowed EPS-diluted-adjusted guidance to $12.75–$13.75 from $12.00–$14.00. Expected net income attributable to stockholders is $8.9 billion–$9.5 billion, and expected EPS-diluted is $9.72–$10.72, versus prior ranges of $8.4 billion–$9.8 billion and $8.98–$10.98. Expected automotive operating cash flow is $17.3 billion–$20.3 billion. The company said those expected results do not include the potential impact of future adjustments related to special items.

Net income attributable to stockholders was $3.3 billion, or $3.73 a share, compared with $1.3 billion, or $1.35 a share, a year earlier. EPS-diluted-adjusted was $3.70. The EBIT-adjusted margin was 8.2%.

Automotive net sales and revenue were $45.7 billion. GM Financial revenue was $4.3 billion. Combined operating income was $3.6 billion, with Automotive operating income of $2.9 billion.

GMNA EBIT-adjusted was $3.6 billion, and the GMNA EBIT-adjusted margin was 8.7%. GMNA net sales and revenue were $41.4 billion. GMNA recorded a $79 million impairment reversal in the third quarter of 2026. GMI EBIT-adjusted was $28 million. China equity income was $32 million. GM Financial EBT-adjusted was $668 million.

Automotive operating cash flow was $8.0 billion. Adjusted automotive free cash flow was $5.9 billion.

The company said it completed the $6.0 billion share repurchase program announced in January 2026. Its board approved a new $20.0 billion multi-year share repurchase authorization with no expiration date, to be executed in accordance with applicable securities laws and subject to suspension at the company’s discretion. Shares outstanding were 849 million at September 30, 2026, down from 904 million at the end of 2025.

The board declared a quarterly cash dividend of $0.18 a share, payable December 17, 2026, to holders of record on December 4, 2026.

In the second quarter the company had already raised full-year EBIT-adjusted guidance for the second time that year, to $14.0 billion–$16.0 billion. In the first quarter it had raised EBIT-adjusted guidance after a favorable adjustment of about $0.5 billion from a U.S. Supreme Court decision on certain tariffs paid under the International Emergency Economic Powers Act, and it then expected gross tariff costs of $2.5 billion–$3.5 billion in 2026.